Late DayPanicBuying Vertical RampSendsDowJonesToRecordHigh
http://feedly.com/k/1awhlSL
It seems like the last 2 days have been a massive NASDAQ-TWTR pairs trade… Today saw broad stock indices best day in a month despite the early "good news is bad news" sell-off as newly minted TWTR heads towards its first bear market threshold off the highs. TheDowmanagedtogetbackto a recordhighclosebytheendoftheday. Treasury prices were clubbed like a baby seal with yields jumping their most in over 4 months. Shorts were grossly squeezed today ("most shorted +2.9% vs Russell +1.1%). Gold was down 1.4% on the day (oil and copper flat) and 2% on the week. All in all – only equity markets reacted "positively" to the good news with a panic-buying-frenzy in the last 30 minutes as rates, FX, and precious metals all shifted in a "taper-on" trend…
POMO and 330RAMP took care of business today…
Allyouneedtoknowabouttodayin 2 tweets…
Stocks desperate for today’s Mega POMO to begin already
It’s 1 hour until 3:30 pm. Do you know where Ramp Capital LLC is?
Volume was notably lower today…
Two words – short squeeze…
Treasuries were battered to a ley technical levels…
But rates, Gold, and stocks diverged…
as PMs slid with oil flat…
Charts: Bloomberg
BonusChart – Anotherall-time lowinTWTR (within 1% of a bearmarket…)
shared via http://feedly.com