Biggest Short Squeeze In 11 Months Sends S&P 500 Surging Above 2,600

Equity investors, corporate boards, and momo machines are panic-buying stocks this morning, sending the S&P 500 above 2600 for the first time ever... as the yield curve crashes to decade flats...

VIX down, Stocks Up...

 

While USDJPY momo is helping, stocks are quite decoupled...

 

And so are bonds...

 

But it's all about the squeeze... the biggest short squeeze since December...

Comments

gatorengineer totenkopf88 Tue, 11/21/2017 - 11:38 Permalink

The Kikes aint that stupid, they will wait for a false flag as an excuse, not to say their wont be one, but they wont go in without it, else they will get their ass handed to them as well, because it wont be a conventional war....  The sunnis will get their ass handed to them by the Shia's and their only salvation would be alot of American blood, if the house of Saud tries to start shit as it would appear to be the case.  They cant even deal with Hootie and the blowfish....

In reply to by totenkopf88

jamesmmu Tue, 11/21/2017 - 11:32 Permalink

Everyone is Buffet now, all genius, no need more expert's advise. If market going up everyday, why working, why expand your business, just put all your money in it. thats it. this stock bubble is worse than 2000 dotbubble, why did the last one burst, and this one wont? the sales discount are getting bigger by day in this holiday, ppl are poorer with maxmized credit cards.How fed is going to help the consumers? auto loan crisis is contained?  Everyone think Centra Banks will take whatever it takes to keep economy growing, but how? 

lil dirtball jamesmmu Tue, 11/21/2017 - 11:43 Permalink

> Everyone is Buffet now

Except people who can't afford his - or any other - manufactured homes:

"The industry, led by Warren Buffett’s Clayton Homes Inc., is peddling such pricey interior-designer touches as breakfast bars and his-and-her bathroom sinks. These extras, plus manufacturers’ increased costs for labor and materials, have pushed average prices for new double-wides up more than 20 percent in five years, putting them out of reach for many of the newly homeless."

https://www.bloomberg.com/news/features/2017-11-21/mobile-homes-are-so-…

Talk about squeezes ... and rocks and hard spots.

In reply to by jamesmmu

Keltner Channel Surf jamesmmu Tue, 11/21/2017 - 11:58 Permalink

You seem like an earnest, pleasant fellow, but frankly, it's hard to fathom how anyone can continue to view markets, which have been Fed-liquidity driven and algorithmically controlled for close to 15 years, with puerile, 'commonsense' statements like this.  Have you never seen a holiday week low-liquidity short squeeze before (hint: volume is NOT running high today).  I say this not to beat you up, but merely to suggest it's time to change, avoid becoming dinosaurs like the "Fast Money' crowd clinging to the past. Read Michael Harris' "Price Action Lab" blog to see graphs on how the former high serial autocorrelation (e.g., trend) period ended in roughly 1990, with strong mean-reversion ever since, which has led to a great wealth redistribution from both old-school technical analysts (whose 'indicators' only worked due to autocorrelation, NOT genius) and "this must make sense" fundamental types.  Going forward, NEVER plot any chart in ANY time-frame without volatility envelope overlays (Keltners, Bollingers, etc.), and you'll see 'mean-reversion' is a misnomer, and is as much about return trades toward central 20EMAs in all time frames as it is squeezes up to, and during holiday periods beyond, upper envelope limits where all the short buy-stops are present (and where any selling pressure from the buy side is on vacation).  Good luck!

In reply to by jamesmmu

Erwin643 Keltner Channel Surf Tue, 11/21/2017 - 19:59 Permalink

Thanks for the reminder.However, as a volatility trader, I only give Keltner channels and Bollinger Bands secondary, or even tertiary weight as indicators. During steep corrections, price can drop so fast it's actually behind the bottom Bollinger Band. And vice-versa if going up quickly. If I read too many overlayed indicators, it starts fucking with my head.I got out of SVXY today due to overbought RSI readings on the weekly, hourly and 15-min. charts. I'll admit though that the Bollinger Bands and Keltnor Channels are also helping here as indicators. Also, in case you haven't tried it yet with Bollinger Bands, try this: Replace the 20-number with a 50. You can also overlap these two different numbered Bollinger Bands. Want to guess where I got that one? John Bollinger, himself, from a video interview for Investopedia.  

In reply to by Keltner Channel Surf

JibjeResearch jamesmmu Tue, 11/21/2017 - 13:17 Permalink

Ahhh great point :) .. Hurrayyyyyyyyyyy....But you missed a point! The people in the developed world (most of them) will live off of the developing/Emerging Market nations in the form of pensioning (close to the top of food chain) /investing (top of food chain) while those fools (not by choice) work to produce/buy/sell the normal daily life requirement (basic businesses). It has been this way since the beginning of our human time.

In reply to by jamesmmu

mily Tue, 11/21/2017 - 12:08 Permalink

Didn't BofA say this whole rally since the beginning of 2017 had been a non-stop short squeeze? It's time for a bigger pullback, we're making history every day, the longest no of days since 3%, 5%, 10% pullback, yada yada yada, breadth is as shite as it gets

pound the vix Tue, 11/21/2017 - 11:52 Permalink

All fun and games until the Sexual Harrassment target is on Donald's back.  I believe This is all a plot to throw a few democrats and liberals under the bus so they can go after Donald and no one will stand to defend him.  The blood in the water is causing a feeding frenzi and no one will stick their toe in the water when they come for Donald. Once impeachment is viewed as possible the market will tank I don't want it to happen, but I fear this is all just a setup. We will see if the deflon Don can avoid getting stuck in this mess.  He needs the shut his twitter and focus on tax cuts

Obsidian Samctum Tue, 11/21/2017 - 11:55 Permalink

All the dollars comimg back to the US are pumped into the stock market to keep inflation in check. When it crash, we will experience collapse of the market and hyper inflation. Its will bebthe end of the world as we know it.

Prepare yourselves mateees, we are going to be modern pirates ARRGgG

DEMIZEN Tue, 11/21/2017 - 12:03 Permalink

fgs dont fight the fed. go with the programme. clap when you are told. make sure you sit in the back of shit show and look for the exit doors if crowds get angry.

rkoen Tue, 11/21/2017 - 12:18 Permalink

If it wasn't real last month, it's REALLY not real this time around.I need a correction just to make sure I'm still on terra firma.