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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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.


augie's picture

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

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.

falak pema's picture

hardly a true hard on...

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. 

SmoothCoolSmoke's picture

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

falak pema's picture

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

etrader's picture

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

swissaustrian's picture

May 2010 type flash crash arround the corner?

buzzsaw99's picture

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

Cognitive Dissonance's picture

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

ZeroPower's picture

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

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.

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.

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.

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 my opinion.

Cdad's picture

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

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.


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.

moriarty's picture


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.

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.


GeneMarchbanks's picture

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

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.

etrader's picture

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

HelluvaEngineer's picture

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

Cdad's picture

Yes...sell it.  

Sell 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 the hedge funds dump it.


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.

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.

lieutenantjohnchard's picture

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

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


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.

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.


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. 

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.

Caveman93's picture

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

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.

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...


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??..

TooBearish's picture

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

ZeroPower's picture

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

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!

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.

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.

libertarian_neocon's picture

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

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."

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 ]