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Another Market Levitation Day On Absolutely Abysmal Volume

Tyler Durden's picture




 

One look at the MVOLNYE stock volume chart below should explain to everyone involved why there is yet another entirely algorithmic driven melt up in stocks. With less than an hour of trading left, today is shaping up to be the lowest trading volume day of the year!

 

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Mon, 06/20/2011 - 15:13 | 1385833 wombats
wombats's picture

So what. Who cares?  It's all just a manipulated phony shell game anymore so why would anyone want to buy into that market anymore.

 

Mon, 06/20/2011 - 15:13 | 1385845 augie
augie's picture

how else am i suppose to pay for bolivian blow and lithuanian hookers? Priorities Brah'

Mon, 06/20/2011 - 15:22 | 1385892 NotApplicable
NotApplicable's picture

So, you don't believe there's any value in knowing the size of the shell game and its downward trend?

Hell, I've been out of "the market" for five years now, yet I still perceive the value.

Mon, 06/20/2011 - 15:22 | 1385893 falak pema
falak pema's picture

hardly a true hard on...

Mon, 06/20/2011 - 15:50 | 1386060 SheepDog-One
SheepDog-One's picture

Oh Im definitely not buying into it, just watching this slow motion trainwreck as it plays out. Its now just a 'FED only' club, their game is to keep 401K and pension holders placated till one morning they seize all those assets. 

Mon, 06/20/2011 - 15:14 | 1385835 SmoothCoolSmoke
SmoothCoolSmoke's picture

This market: crooked as a dog's hind leg.

Mon, 06/20/2011 - 15:25 | 1385900 falak pema
falak pema's picture

more like a pair of frog's legs before getting cooked in garlic sauce.

Mon, 06/20/2011 - 17:17 | 1386441 tekhneek
tekhneek's picture

Mmm...

Mon, 06/20/2011 - 15:20 | 1385840 etrader
etrader's picture

Might pick up into the close if 1269 breaks on the ES for an old DE Shaw compression play.

Mon, 06/20/2011 - 15:17 | 1385847 swissaustrian
swissaustrian's picture

May 2010 type flash crash arround the corner?

Mon, 06/20/2011 - 15:17 | 1385848 buzzsaw99
buzzsaw99's picture

someone is playing with themselves. stop or you'll go blind. lol

Mon, 06/20/2011 - 15:35 | 1385946 Cognitive Dissonance
Cognitive Dissonance's picture

That's just an old wives tale. However it will make your palms hairy. Or is that HarryWanger?

Mon, 06/20/2011 - 15:17 | 1385865 ZeroPower
ZeroPower's picture

Summer Vacay. Not that anyone below VP takes much of a holiday anyway.

Mon, 06/20/2011 - 15:21 | 1385867 So Close
So Close's picture

Tyler... I am relatively new here.   Around 1 year.  You have shown me the light my friend.  I knew something was wrong but could not put my finger on it.  Until now with your guidance.  Thank you.

Mon, 06/20/2011 - 15:23 | 1385873 Cdad
Cdad's picture

lowest trading volume day of the year!

At the BlowHorn [CNBC], known as "light volume."

But as I have posted many times myself, this is all necessarily part of the absolute destruction of the market's credibility...which will be followed by decimation.

Seriously, I really doubt that the BlowHorn [CNBC] can continue much longer now that the mother goose of crony capitalism profits is not there to flush money down there drain in support of BlowHorn propaganda.  Another day of utterly irrelevant coverage.

The market is an absolute joke.  Anyone buying this is going to get exactly what he deserves.

Mon, 06/20/2011 - 15:36 | 1385949 moriarty
moriarty's picture

So I still may get back in the blue on my S&P 500 & FTSE 100 shorts from 2/9/10 (or 9/2/10 as you would write it on you side of the pond). Uncomfortable but salutary lesson made more bearable from my on going education on ZH.

Mon, 06/20/2011 - 15:40 | 1385960 Cdad
Cdad's picture

You almost certainly will get back into the blue on the S&P...but I rather think selling individual stocks is where it is at just now.

Until such time as the SEC even looks at the utter horror show known as the Roach Motel [SPY], index bets are harder...in my opinion.

Mon, 06/20/2011 - 15:41 | 1385969 HelluvaEngineer
HelluvaEngineer's picture

*cough* CMG *cough*

Mon, 06/20/2011 - 17:42 | 1386528 Cdad
Cdad's picture

Ouch.  Way to hit my one wound with salt, brother Helluva...you bastage!

Mon, 06/20/2011 - 15:55 | 1386091 moriarty
moriarty's picture

Thanks for the response I am finding it difficult to short individual stocks here in the UK and i am hesitant to open accounts in other jurisdictions. I am very new to managing my own money and as the Chinese would say - we are living in interesting times.

each day I am more increduless at the machinations of TBTB to maintian power.

 

Mon, 06/20/2011 - 16:10 | 1386163 jesus_quintana
jesus_quintana's picture

You're struggling to short individual equities in the UK? Open a spread betting account, will let you short just about anything (including foreign equities), with the nice advantage of not having to worry about fx.
Be careful though, easy to get burned if you are new to it.

Mon, 06/20/2011 - 17:48 | 1386539 moriarty
moriarty's picture

Thanks,

Getting burnt enough at the moment. Other that the addition of decay in the short ETF's I am comfortable with the risk ratio. not ready for CFD's yet though my broker and others would love me to.

Mon, 06/20/2011 - 16:00 | 1386099 moriarty
moriarty's picture

Thanks for the response I am finding it difficult to short individual stocks here in the UK and I am hesitant to open accounts in other jurisdictions. I am very new to managing my own money and as the Chinese would say - we are living in interesting times.

Each day I am more increduless at the machinations of TBTB to maintian power.

 

Mon, 06/20/2011 - 15:24 | 1385879 GeneMarchbanks
GeneMarchbanks's picture

Magic is true. This is a real phenomenon, don't be cynics. Free market capitalism = God.

Mon, 06/20/2011 - 15:21 | 1385887 RobotTrader
RobotTrader's picture

Short big at the close?

We are right under the 11-day and 22-day EMA.

Might be worth it.

If we are wrong, we'll know soon.

Mon, 06/20/2011 - 15:27 | 1385919 etrader
etrader's picture

Hope  thats not  the "Robo kiss of death"   short ES compression close..... ;-)

Mon, 06/20/2011 - 15:27 | 1385921 HelluvaEngineer
HelluvaEngineer's picture

based on the economic calendar, I'm going to SOH until Wed.

Mon, 06/20/2011 - 15:31 | 1385923 Cdad
Cdad's picture

Yes...sell it.  

Sell Netflix...it is about to get poleaxed.  

Sell the dumb ass algos that took certain REITs into overbought territory in one session.  Talk about stupid.  We are talking mentally retarded algos there.

Probably...sell McDonalds...entirely and absurdly over owned.

Sell Apple...as the hedge funds dump it.

 

Mon, 06/20/2011 - 15:46 | 1385992 lieutenantjohnchard
lieutenantjohnchard's picture

you're already short, remember. you shorted with both fists once 1300 broke, or so you brayed. so it's not a question for you whether it "might be worth it." double down if you're man enough to live up to your convictions like silver and gold holders who are all in the physical gold and silver trade, like me.

and there is no "we." it's you and your money.

Mon, 06/20/2011 - 15:57 | 1386066 TruthInSunshine
TruthInSunshine's picture

I am giving the all clear to short away based on 'the longer things remain irrational, and the more irrational they remain so' rule.

It's sort of like the 'whatever goes up, must come down' rule, but it's about 1,000x more potent as that generic one, given the incredible (and incredibly idiotic - unprecedented, really) distortions created by the Bernank's Wrecking Crew (Federal Reserve, Treasury & TBTF Wall Street BSDs).

Every Central Bankster who was thought to be bestowed with special powers has not only failed, but failed miserably, including the Bernank.

I remember when some said the Bernank 'put' would ensure no market crash back in 2007, nor housing crash, nor other unseemly consequences, and we all know how well that Hopium-fueled fantasy turned out. I know people that made FU money taking the other side of that Hopium-Unicorns-PixieDust trade.

This time will be far more epic. Bernanke is claiming that he can suspend or cancel nothing less than the laws of physics.

Good luck to those staking their own money on his alchemy.

Mon, 06/20/2011 - 15:58 | 1386109 lieutenantjohnchard
lieutenantjohnchard's picture

i like the short trade, too. no way i go long paper securities around here. too risky.

Mon, 06/20/2011 - 16:03 | 1386131 TruthInSunshine
TruthInSunshine's picture

Bernanke is the self-billed magician who rips the fur off a rabbit in front of a live audience, and tells them that he made it dissappear. [h/t Lewis Black]

Good luck to those staking their own money on his alchemy.


  Bernanke Impeachment

 

Mon, 06/20/2011 - 16:13 | 1386193 lieutenantjohnchard
lieutenantjohnchard's picture

i agree, and also i'll second the man who said things are gonna be perfectly miserable in the usa the next two years, or longer.

Mon, 06/20/2011 - 16:07 | 1386158 Careless Whisper
Careless Whisper's picture

i don't know about shorting anything, except maybe the robo signers allegedly under criminal subpoena like LPS FNF; but i certailnly wouldn't be long AAPL. that chart looks horrible plus they've turned into something not cool. just a matter of time 'til everyone realizes it.

http://www.nypost.com/p/news/opinion/opedcolumnists/apple_turns_big_brot...

 

Mon, 06/20/2011 - 16:28 | 1386270 Pegasus Muse
Pegasus Muse's picture

"and there is no "we." it's you and your money."

Robo could be the Cramer of ZH if he only had a following. 

Mon, 06/20/2011 - 21:57 | 1387340 dcb
dcb's picture

you may get something about 1285. but we have hit a temp bottom. maybe short again at 1300. with the put to call ratio so high it isn't going to drop much before options exp!!!. 1320 or so 7/1 end QE? we will certainly break back above this lower tend line, if we break above the upper band of ascencending channel again I don't know. I think that point whould put is right where Mr. markerket wants to be at earnings season.

 

eventually we get to about 1200, from there I don't know. either break lower trend line, or not. I don't beieve the ppt, will allow that .

 

I swear, you people need to use speedlines. where things go is already plotted out.

Mon, 06/20/2011 - 15:21 | 1385889 Johnny Lawrence
Johnny Lawrence's picture

Obama: ATMs are a reason why unemployment is high.

http://www.realclearpolitics.com/video/2011/06/14/obama_atms_contribute_...

Mon, 06/20/2011 - 15:25 | 1385891 Caveman93
Caveman93's picture

So Tyler, what will we ever have to talk about when everything is over and kaput? Collapse in 3..2..1

Mon, 06/20/2011 - 15:24 | 1385902 falak pema
falak pema's picture

your tits!

Mon, 06/20/2011 - 15:43 | 1385996 glenlloyd
glenlloyd's picture

I wouldn't worry about that, there will surely be idiots running around for decades trying to manipulate markets or suppress interest rates etc.

Mon, 06/20/2011 - 16:30 | 1386261 Roger O. Thornhill
Roger O. Thornhill's picture

I think we'll discuss...

...hunting elk amongst the ruins of rockefeller center...

...leather clothes that will last a lifetime...

...drying strips of venison on the empty carpool lane of an abandoned superhighway...

 

Tue, 06/21/2011 - 02:18 | 1388057 parangwarrior
parangwarrior's picture

we can talk about monkeys..
space monkeys?
monkey riding bicycles..
we can talk about organs..
the bernank's medulla oblongata...
...
owh, he doesnt have one??..

Mon, 06/20/2011 - 15:27 | 1385901 TooBearish
TooBearish's picture

Market can rally 10% on "no volume" like it has last 2 yrs...

Mon, 06/20/2011 - 15:28 | 1385929 ZeroPower
ZeroPower's picture

...Or 100%. Light vol is BS. Price is all that matters.

Mon, 06/20/2011 - 15:41 | 1385906 TruthInSunshine
TruthInSunshine's picture

  Let's [Operation Twist] Twist Again
 


 

Come on let's twist again, like we did last summer!

Yeaaah, let's twist again, like we did last year!

Do you remember when, things were really hummin',

Yeaaaah, let's twist again, twistin' time is here!

 

Jamie, Lloyd, the Bernank, the Dudley, Blythe, Turbo Timmay, Andrew Ross-Sorkin, Jon Hilsenrath - they all love to get into the same bed for a nice twist and tryst together.

For these gentlemen, the cognac, goat, midget, jade statue of moloch, slip&slide and the hookers & blow;  all free, compliments of the Rothschilds, bitchez!


Mon, 06/20/2011 - 15:29 | 1385910 carbonmutant
carbonmutant's picture

 There is a widely held theory that money should be taken away from people who don't know how to spend it.

Mon, 06/20/2011 - 15:29 | 1385911 fonestar
fonestar's picture

I am always happy when I wake up and hear stocks are down and the corrupt system is broken and cannot be fixed.

Mon, 06/20/2011 - 15:29 | 1385912 libertarian_neocon
libertarian_neocon's picture

Also the financials are underperforming today.  This day shouldn't be too reassuring if you are a bull(sh*tter).

Mon, 06/20/2011 - 15:30 | 1385942 Rusty Shorts
Rusty Shorts's picture

"IT IS telling when the company that operates the Irish Stock Exchange switches all of its investments out of equities and bonds and into good, old fashioned cash."

http://www.youtube.com/watch?v=mhKT8YppHLU&feature=feedlik

http://www.irishtimes.com/newspaper/finance/2011/0618/1224299153714.html

Mon, 06/20/2011 - 15:37 | 1385950 zorba THE GREEK
zorba THE GREEK's picture

 The stock market is like pro wrestling, most people

 know it's fixed but it's still fun to watch. [ for those

 who thought pro wrestling was real, my apologies ]

Mon, 06/20/2011 - 15:45 | 1385975 Franken_Stein
Franken_Stein's picture

 

In the video, which is in German and you all unfortunately don't understand, the guy from the German civil rights group "Alles Schall und Rauch" (All smoke and mirrors) also states, that Jim Tucker's sources told him that Google was funded by the NSA to provide a global tool for early global trend detection, disguised as a search engine.

 

It has a "dual use", which is a term pretty commonly used in military technology speak.

Google is a Trojan Horse, so big you can't see it for what it really is.

 

Goebbels' concept of the big lie, the one that Mike Krieger talked about.

On steroids.

 

All your searches are logged in databases and trends and threat assessments and predictions of future likely mass movements can be derived, including and especially levels and stages and localizations (through IP address backtracking) of RESISTANCE.

 

 

"Become the leader in your field,

science, technology, finance, politics, business,

everywhere where you can become a large multiplier, a single point of failure, a monopoly,

we will help you in the beginning, when you need financing,

and then when you have grown big enough,

we will invite you and you will become part of the club,

and then you will work for us and pay back the favour we gave you,

by using your monopoly to fulfill our agenda."

 

That's how Bilderberg operates and all the other globalist circles.

 

Mon, 06/20/2011 - 15:44 | 1385982 Sandy15
Sandy15's picture

I knew in April 2009 when the market didn't sell off before the 15th that the Government was trading the market.  However it was later determined to be the FED.  Either way, it's a bigger bubble with thinner latex holding it together.  This pop will go all the way down.  Just buying puts or trading short call spreads after market goes up several days in a row.

Mon, 06/20/2011 - 15:59 | 1386116 HungrySeagull
HungrySeagull's picture

It usually leaks around the Condom if your Partner is tight enough.

Tue, 06/21/2011 - 02:19 | 1388069 parangwarrior
parangwarrior's picture

i missed natasha..

Tue, 06/21/2011 - 02:22 | 1388070 parangwarrior
parangwarrior's picture

double post

Mon, 06/20/2011 - 15:45 | 1385991 chartcruzer
chartcruzer's picture

at these volume levels the stock market is a baloon (credit bubble) with 17 layers of shellac.  Every one knows the game.  Nobody knows exactly when it will start outgassing.   Note bottom of chart per TDs post.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s208587727]&disp=P

 

 

 

Mon, 06/20/2011 - 15:52 | 1386055 SuperRay
SuperRay's picture

SDS, bitchez.....

Mon, 06/20/2011 - 15:49 | 1386056 SuperRay
SuperRay's picture

SDS, bitchez.....

Mon, 06/20/2011 - 15:50 | 1386062 youngman
youngman's picture

Did anyone see the start of silver and gold trading last night in Asia.....up and down like the computer was screwed up....or testing a new program...vertical lines....about 20 of them..its now all computers..they have destroyed this market...I think we are two weeks away from a big event...the Greek thing does not seem to worry anyone...it worries me...but maybe they are keeping it quiet so as not to scare the sheep...I think the CDS market will crash again...along with the inter lending...same as 2008....but probably worse as no one has fixed the system....we will see in two years the Feds added another trillion or two to the banks..to CTA

Mon, 06/20/2011 - 16:10 | 1386181 ZeroPower
ZeroPower's picture

When has the CDS market first 'crashed'?

Mon, 06/20/2011 - 16:36 | 1386304 AbandonShip
AbandonShip's picture

I think he's referring to 2008-2009 when spreads on CDS contracts on banks like Lehman exploded. Youngman is using CDS spreads as a "fear indicator" just like inter-bank (LIBOR, etc.) lending rates.

Mon, 06/20/2011 - 16:38 | 1386311 Barb Dwire
Barb Dwire's picture

Yes it looked like a feedback loop. Somebody's bot was off the rails, until they did the three finger salute.

Mon, 06/20/2011 - 15:57 | 1386080 hungarianboy
hungarianboy's picture

But we can also see this as ..... no supply.

Mon, 06/20/2011 - 16:21 | 1386236 tempo
tempo's picture

Lots of losses on micro caps and chinese companies today. Few big names holding averages. Oil prices up slightly but OIH down...not good.

Mon, 06/20/2011 - 16:36 | 1386307 Barb Dwire
Barb Dwire's picture

I was honestly ready to throw in the towel and eat my losses for the year and walk away from the markets today. There's just no way to beat this machine - why bother playing? I spend a couple of hours a day doing research, looking at numbers, reading the news, coming here to ZH - I do my due diligence. Yet the fucking algos just chug along bidding up pos after pos. WTF. Maybe I just need to give into the borg and buy along with the algos. If they're going to paint the tape, I might as well hold the paint can for them.

Mon, 06/20/2011 - 17:03 | 1386385 The Fonz
The Fonz's picture

Why not treat your shorts as a core position and hedge it. If your confused about which way the market will go, play a little on the other side, it will clear your mind. If you take a small position against your core and you cannot see how it will make money your fear will diminish.

Mon, 06/20/2011 - 17:19 | 1386446 Barb Dwire
Barb Dwire's picture

My hedges aren't going up as fast as my core is going down. I'm just pissed off. Tomorrow's another day. My core is August DIA puts - need a better hedge.

Mon, 06/20/2011 - 19:34 | 1386847 The Fonz
The Fonz's picture

Tommoro is another day :), also if your hedges ain't makin money then mabey its because your shorts are going to be :P

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