'Traders' Panic-Buy Stocks, Shrug Off Nuclear Armaggedon, Debt Ceiling, & Biblical Flood Fears

Blink and you missed it...

The message from the plunge/panic protection team is clear...

 

For a few brief hours overnight - until the bell rang at 0930ET on the NYSE - investors were anxious about North Korea's most provocative yet missile launch, the terrible flooding disaster in Texas, and lest we forget, the looming debt ceiling debacle. But all of that was instantly forgotten as the machines took control and lifted stocks higher practically all day on a sea of USDJPY-ignited momentum.

200 Point ramp in The Dow from overnight lows, but Nasdaq's 90 point explosion is ridonculous!

Spot The Odd One Out...

 

Trannies were best on the day, followed by Nasdaq...

 

FANG Stocks soared over 2.1% off the opening lows...

 

S&P algos were utterly desperate to get it to close back above its 50DMA...but failed

 

All thanks to a triple-pump-short-squeeze...

 

Treasury yields ended the day lower but well off the lows of the day...

 

10Y Yields touched 2.08% intraday - lowest level since the election - before bouncing back to 2.14%., just above June's 2017 low close...

 

The Dollar Index - like everything else - U-turned today at the US open - magically - elevating off lowest levels since 2014...

 

JPY and EUR were the weakest as the dollar soared back to life...

 

Just look at USDJPY!!

And it appears Kuroda's magical hand was at play as JPY-carry pulled stocks all day...

 

WTI was lower again today (testing $45 handle) and RBOB jumping to another new high, ahead of tonight's API data...

 

Gold ended the day lower...

 

Bitcoin surged overnight, but didn't give much back...

Comments

sheketebaka Aug 30, 2017 7:46 AM Permalink

12/01/1900 6.87 23307/01/1902 8.6 1203/01/1905 9.05 2908/01/1905 9.2 409/01/1906 10.03 708/01/1909 10.18 3401/01/1925 10.58 18008/01/1926 13.12 509/01/1954 31.45 29909/01/1958 48.96 2502/01/1961 62.17 1809/01/1963 72.85 2008/01/1967 94.49 1805/01/1968 97.87 703/01/1972 107.7 3807/01/1980 119.8 8911/01/1982 138.1 2301/01/1985 171.6 1412/01/1986 248.6 507/01/1989 331.9 2205/01/1990 350.25 402/01/1991 362.26 701/01/1992 416.08 408/01/1992 417.93 608/01/1993 454.13 402/01/1995 481.92 1212/01/1998 1190.05 405/01/2007 1511.14 8003/01/2013 1550.83 6407/01/2016 2148.9 13

Mr 9x19 Aug 29, 2017 6:20 PM Permalink

bla bla bla... then what, you all be happy they print money to rebuild the town. system is shit. raise water level to sink the whole country.

Blue Steel 309 Aug 29, 2017 5:47 PM Permalink

When your main brand is macro-economics and markets, I guess you have to pretend that technicals and fundamentals still matter. I like to think ZH is just implicitly trying to get people to wake up to the fact that they don't.

Bryan Aug 29, 2017 5:33 PM Permalink

If i knew that nuclear war and Biblical floods and civil war and financial collapse would shoot equities through the roof, I would have sold the house and put it all into the /*casino market*/ pretty charts and stuff.

Erwin643 Aug 29, 2017 5:30 PM Permalink

Wish I had gotten up earlier this morning (Pacific time): SVXY came down once again to its 10-week moving average, then bounced up off of it. Wish I had bought more just after the open.

ludwigvmises Aug 29, 2017 5:18 PM Permalink

Can anyone imagine how these markets will rip up if there's any modicum of actually positive news? I think we're going to see consecutive 200-400 point up days in the Dow.

Money Mantra (not verified) Aug 29, 2017 5:07 PM Permalink

Thanks ZH. This was my single best day trading with the calls from Shep Wave. Nailed it again. Keep it up¡;;!!!!!!!!

Quivering Lip Aug 29, 2017 5:03 PM Permalink

Digital Crypto is the way to go. It looks like bitcoin is the nuclear war hedge. Not that I think nuclear war will happen but WTF.Everything is so surreal Im really starting to believe that the entire universe is a simulation.

tropicthunder Aug 29, 2017 4:47 PM Permalink

BTC NEW ATH!!! Then for gold? Whack...Thump...Stomp...Git-Down-Yeller-Nigger...Ahhh...Hmmm...Ouch...Pleaze-masta-please-no-more...The bushwhacking and murdering of gold continues unabated while Crypto's ZOOM FUCKING HIGHER!!

onthedeschutes Aug 29, 2017 4:40 PM Permalink

"traders"?  I think not.  It was the plunge protection team (global central bank coordinated buying...including their proxies) that put a floor under today's market.

Iskiab Aug 29, 2017 4:31 PM Permalink

What's it called when a government institution (of sorts) like the fed takes a large position in the market? Last I heard it was communism.

c2nnib2l Aug 29, 2017 4:27 PM Permalink

If Kim launch Tonight, BTFD might be a Sisyphus Job after all... and they will have to get tired at some point. I mean I'm sure those bought must be aware that IDEXES are in the slide anyway right ?

D.r. Funk Aug 29, 2017 4:21 PM Permalink

Some days have been and are designed to Enrage bears. Today was one, and clearly designed, that way. If the controller-manipulators did not care about bears, or, cared about supporting the indexes while maintaining market&systemic integrity, it would have been a flat-to-down close. They reveal themselves on intraday context like this. I said 4.5+ years ago as a permabear that the indexes had complete master programming on them. The order today, was to constant rise with enough to make bears start swearing at the screen. YOU'RE NOT, FOOLING, SOME OF US. Some of your intents and scope and desire is NOT a mystery

tropicthunder Aug 29, 2017 4:19 PM Permalink

What a surprise. Markets get Ramped, Gold get clobbered. Is it really all that hard to believe. Gold is part of the Axis of Evil. Owned and controlled by central banks and a powerful tool to break the GoldBugs backs each time they start foaming at the mouth, wetdreaming about Gold $5000. Guess what, IT AIN"T FUCKING HAPPENING EVER!!! 

In.Sip.ient Aug 29, 2017 4:19 PM Permalink

PMs are still on sale???  LOL. Possibly the best trade of the next 5 years,buy blockchain with fiatsbuy PMs with blockchain... Much as I see the blockchain as the mechanism thatbreaks the fiat system, once that happens, everyonedepends on the financial system to stay afloat.  When thefinancial system implodes, ISPs won't need to be "regulated",they will simply go bankrupt.  Poof... chaos in cyber-space. That's when PMs answer all calls...