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Home > This Is Your Market On Centrally-Planned Steroids

This Is Your Market On Centrally-Planned Steroids

By Tyler Durden
Created 05/30/2013 - 09:00
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 05/30/2013 09:00 -0500



 

Deteriorating economic data? Check. No volume? Check. Increasing expectations the Fed will taper? Check. So what does a "stock market" do - it tags along to the USDJPY which ramps just because it bounces off the 101 algorithmic support level, and just happens to take the S&P up 10 points with it. Then EUR takes over for the ramp. New normal "trading"...

 

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and crude...

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Source URL: http://www.zerohedge.com/news/2013-05-30/your-market-centrally-planned-steroids

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10861
[3] http://www.zerohedge.com/taxonomy_vtn/term/11402
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/05/20130530_ramp.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/06/20130530_ramp2.jpg