Volume Explosion Sends ES Higher As Treasuries End Unchanged

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Mon, 11/28/2011 - 17:38 | 1922906 homersimpson
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Reloaded on FAZ today near end of trading today. Couldn't resist on capitalizing again on fake ramp ups on rumors. FAZ it UP!

Mon, 11/28/2011 - 17:49 | 1922965 Chief KnocAHoma
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This is all starting to remind me of an old hunting story:


This local guy goes out in the woods one cold afternoon trying to kill some quail for dinner. Unfortunately he runs into a very aggressive bear. The bear attacks and takes the hunter's gun, snaps it over his knee then bends the hunter over a log and screws him in the ass.


Well the hunter is upset and decides to kill the bear so he goes to his local gun shop, buys a new weapon then heads back to the woods. Again, the bear attacks, breaks gun and rapes the hunter.


Determined, the hunter goes back into town, buys yet another gun and heads back to the woods.


And once again the bear attacks and breaks the gun. He bends the hunter over a log and just as he is about to rape the hunter again he whispers into the man's ear, "You're not really here for the hunting... are you?"


Fed and Central Banks = bear

Scared humans afraid to let the system fail = the hunter

Mon, 11/28/2011 - 18:00 | 1923011 Biggvs
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Your joke reminds me of a classic SNL skit about Christmas in Australia:


Mon, 11/28/2011 - 18:26 | 1923112 Carlyle Groupie
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"Reloaded on FAZ today "

You've been doing that for like ever. Did you go to the Corzine school of trading?

Mon, 11/28/2011 - 18:28 | 1923123 CPL
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If you don't know how to trade thermo nuclear material, then ask.  Otherwise please continue in your bag holding strategy.

Mon, 11/28/2011 - 18:59 | 1923233 Carlyle Groupie
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I see you reloaded on FAG today. Best of luck.

Mon, 11/28/2011 - 19:17 | 1923287 Carlyle Groupie
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I mean, I see you reloaded on FAB today. The fabulous ETF. Goods lucks.

Mon, 11/28/2011 - 21:01 | 1923608 CPL
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I don't go bear until WTI is over the $100 line.  Timing has to be perfect.  Versus bagholding which requires a basic cable subscription and CNBC.  You've always struck me as Kramer value driven investor.


I would prefer to be called anything but that.

Mon, 11/28/2011 - 21:21 | 1923670 Tegrat
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Versus bagholding which requires a basic cable subscription and CNBC.


-lol +1


Mon, 11/28/2011 - 21:09 | 1923632 CPL
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If you need a hand with those bags Miss I'm sure the market will help relieve your load.

Mon, 11/28/2011 - 18:52 | 1923204 Nucking Futs
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So what exactly is your definition of a "fake ramp up"?  Price right now is saying "if you stand in front of me, I'm going to be the bear previous poster's story and the hunter's ass is going to be your ass".  IMHO I'd wait a bit before going on the short side... let's just take a wild guess and say /ES 1220.

Mon, 11/28/2011 - 20:11 | 1923448 Wixard
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I figured last week we'd have an up day today. I was betting on it actually. Tomorrow I think we see the same kind of weird day in reverse. 


There's lots of bad news that really hasn't caught up yet imo. 


I also bought into faz today. 


Forget fundamentals, it's all rumor driven nonsense. 

Mon, 11/28/2011 - 21:26 | 1923688 Tegrat
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Good gosh...trigger happys. Cant you wait for some kind of confirmation move?



Mon, 11/28/2011 - 17:39 | 1922913 Hondo
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Somebody needs to do a FOIA request to see what is exactly in the FED's portfolio.....comb through every asset and liability account...

Mon, 11/28/2011 - 18:30 | 1923130 CPL
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I think if you wanted a trip to cuba with aghani prisoners, sure.


You make it sound like TPTB care anymore about even pretending about anyone that makes less than 10 million a year.

Mon, 11/28/2011 - 17:41 | 1922921 Dr. Engali
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Ah nothing like the fed buying up SPY to goose the markets.

Mon, 11/28/2011 - 17:42 | 1922928 slaughterer
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Momo ES traders love strong closes.  Late-day ramps will suck in the beta chasers. Give it a few days, watch and see.  

Mon, 11/28/2011 - 17:44 | 1922940 French Frog
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This page is quickly turning into one of my favourite daily read here on ZH.

I know it's posted by TD but are you also the author?


Mon, 11/28/2011 - 18:13 | 1923048 mynhair
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Capital Context.  Go thru old articles.  They even have charts during the day.

The fun is in anticipating what the chart will tell you.

Mon, 11/28/2011 - 17:46 | 1922958 AGoldhamster
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Next 3-4 weeks risk on ... everything north ... PMs more then indices ... of course with ups and downs.
Next turndate around 3rd week of december.

Mon, 11/28/2011 - 17:47 | 1922964 Ellesmere
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Concur with Dr. Engali .... pretty f*cking obvious buying 

Mon, 11/28/2011 - 17:48 | 1922966 Manthong
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My appreciation for Robespierre as a sympathetic historical figure grows each day that I watch this aristocratic joke of a financial market played out.


Mon, 11/28/2011 - 17:49 | 1922972 SHEEPFUKKER

Trying to make sense of this market is nonsensical. 

Mon, 11/28/2011 - 18:07 | 1923035 mynhair
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Learned a major bunch from these CC posts the last 8 months, tho.

Mon, 11/28/2011 - 17:54 | 1922991 slaughterer
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Tracking HYG against SPY and making compression trades when they diverge widely is probably the safest way to make steady income.

Mon, 11/28/2011 - 18:05 | 1923009 mynhair
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HYG made me underbid TZA, dammit.  2.1 cents in the pre-noon action.

I am so hacked at myself.

oh...oh...but it's all HYG's fault...lol.

Mon, 11/28/2011 - 18:00 | 1923015 monopoly
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Took a little FAZ myself here, giving my miners some company. Is not GRPN just amazing. 0

Mon, 11/28/2011 - 18:18 | 1923030 slewie the pi-rat
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hard-to-figure, dream-like day

i wonder if the professionals are changing the dream-scape...

correlation soup in cloudy broth

maybe people are buying ETFs to give as gifts, this year? 

my sense is that the rumors of IMF second helpings for EFSF for italy and spain are being sold to retail, but, overall, i prefer the egg nog here, bIcHEz!

Mon, 11/28/2011 - 18:16 | 1923072 Mark123
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One really has to ask where the liquidity for any real rally is going to come from?  It would be interesting to get an update from Trimtabs.


Needless to say, today seemed like groundhog day.  Announce Eurozone solution on Sunday, stocks gap up....no action all day other than slow decay and then one final massive ramp job into the close to get a good headline.  This is all about maintaining confidence in the markets - the question is, are the big guys just propping it up so they can safely cash out, or are they really going for all out inflation with money printing madness.  Either way is bad, but it sure impacts how you position yourself.

Mon, 11/28/2011 - 19:16 | 1923291 dcb
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dear mark. trades sell, then they buy lower. that's all the liquidity they need.

Mon, 11/28/2011 - 19:34 | 1923334 Everybodys All ...
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Sure do long for the day of "free" capital markets. I'd venture to guess 75% of up moves are now pre-market ramp jobs with the rest of the day trading sideways to down. Broken markets plain and simple will evetually never end well.

Mon, 11/28/2011 - 18:18 | 1923082 Mr Lennon Hendrix
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silver slid after Europe's close

If sliding is down 20 cents after a blow out day

Mon, 11/28/2011 - 18:20 | 1923088 The Fonz
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For my part, a close over 1220 means I am wrong, and I need to get off my shorts. I am so baffeled by everthing else I have to assume I am ment to be. I am greatful for the speed of this rally however, if it is going to bang into the 1200-1215 resistance area, and the 50 DMA at least I can be thankful it is happening quickly, so as not to waste too much time value and increase the implied volitility of my options. Also this rate of assent cannot persist for long at this angle, won't be more than a couple of days to figure this out one way or the other.

Mon, 11/28/2011 - 18:27 | 1923114 CitizenPete
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looks like a HFT

Mon, 11/28/2011 - 18:37 | 1923159 dcb
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can someone tell me why that isn't painting the tape and illegal

Mon, 11/28/2011 - 19:07 | 1923261 dcb
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it made no sense at all where we bounced at the end of the day today except painting the tape. yes we were very overslod on the hourly. but the gap should have closed much more like treasuries then buy. honestly, until the bernanke speaks about getting rid of these hft algo crap he shouod be boiled in oil

Mon, 11/28/2011 - 19:15 | 1923286 dcb
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so we didn't drop back to the base we shouold have today, and what is going to happen tomm in the am is the stop losses will be triggered for the shorts, but then there will be a sale on es, and I expect iot to drop back to  1180 and time to reshort5 is about 1223 or so

Mon, 11/28/2011 - 18:39 | 1923162 quacker
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I don't get it. It was risk-fucking-off as far as the eye could see .. 3 DAYS AGO!!

So if the market goes down tomorrow are we back to risk-off, game over?

Mon, 11/28/2011 - 18:46 | 1923194 chump666
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Just meltups, nothing major, no new highs but oil extending gains again - which the market seems to not want to deal with the middle east, Pakistan, Egypt and yes Europe all ready to erupt war/riots and total chaos. Oil is the nail in the coffin. And it is getting closer.  The Italians are going to love that bid oil price, oh and Libya is going to implode again...The world is truly f*cked.  But, we have top ranges kicking in, you got  nice trades on short positions and narrow trading ranges = volatility/swing trades/scalping.  Possible end yr rally if those insane Europeans can con the markets and prop Wall Street till the absolutely end game, which is the start of 2012

And then there is China...

Mon, 11/28/2011 - 18:48 | 1923203 disabledvet
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So can France just decide "we're gonna QE here" or is there some type of regulation that prevents that from happening?

Mon, 11/28/2011 - 19:11 | 1923273 Georgesblog
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This is reminiscent of the summer of 2007. I smell a trap.


Mon, 11/28/2011 - 22:01 | 1923753 kamikade
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Hello everyone,

Sorry for dumb questions but can anyone explain for me how HYG and LQD work please? (ie: how their price are calculated, how are their relationship to equity market) And how is the ESZ1's price calculated?


Mon, 11/28/2011 - 22:29 | 1923825 Yen Cross
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 I'm studdiin!g ES!   From the OUTBACK!   The spread if spyders/ ETF,s ?   That exit door looks tight!!!

Tue, 11/29/2011 - 01:13 | 1924173 bnbdnb
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Eurozone bailout fund falls short of €1 trillion target


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