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Crude Craters Through NYMEX Close As Stock Short-Squeeze Ends
04-14-2016, 03:15 PM,
#1
Crude Craters Through NYMEX Close As Stock Short-Squeeze Ends
Crude Craters Through NYMEX Close As Stock Short-Squeeze Ends

<p>Party's over?</p>
<p>Crude clubbed into and through the NYMEX close...ahead of tonight's China GDP</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/14/20160414_party1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/14/20160414_party1_0.jpg" width="600" height="367" /></a></p>
<p>&nbsp;</p>
<p>And as JPMorgan's trading desk notes, <strong>March brought the heaviest net covering seen by the Prime Brokerage in several years.</strong> Activity was skewed towards single names but ETF activity also was strong. All sectors experienced net covering, with Energy and Consumer, Cyclicals in the lead.</p>
<p>And the huge squeeze of the last 2 days has ended today... </p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/14/20160414_party2.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/14/20160414_party2_0.jpg" width="600" height="309" /></a></p>
<p>&nbsp;</p>
<p>With VIX and USDJPY used to desperately keep S&amp;P green</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/14/20160414_party3.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/14/20160414_party3_0.jpg" width="600" height="441" /></a></p>
<p>&nbsp;</p>
<p>Still plenty of time left in the day yet for a late-day buying panic.</p>


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