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Commentary On Today's Deja Vu Volume Action
Submitted by Dan O'Brien
In an earlier post today Tyler shows us the overall increase of volume as the market sold off.
The volume did spike indeed as you can see the market slam the bid here. Talk about an increase in volume...and oh yeah, it's all blood red on the bid!
Later, however, as the market melted up yet again, you do not see the corresponding heavy buying lifting the offer. Rather, you see very light buying lifting the offer - but it is non-stop.
The ES trades nearly EIGHT handles straight up before any heavy buying hits the tape, which was probably a combination of HFT and a pool of buy stops.
How do you spell High Freq Trading? Oh yeah, S-K-Y-N-E-T.
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Interesting post, but I can't make out the charts at all, real blurry. Maybe it's just my setup...or my eyes!
click on them and they enlarge.
After that big embarrassing display when Skynet's knickers fell straight down in front of the entire world, we'll not see any market dips allowed for quite some time. No matter what the 'cost' over the longer term...Bermonkey reckons it's all just paper anyway.
Get ready for the mother of all drops next week.
Get ready for the mother of all drops next week.
In my best Eddie Murphy voice possible,
GET THE F*** OUTTA HERE!
:)
I'm going to regret doing this...
Why so, Cursive?
The game is totally "RIGGED", the controlling powers will keep this market from falling even if they have to print themselves into a psychedelic mind bender.
Play the ups and downs knowing they will kick in the buying around 2:30pm everyday to keep the market above the green line. That they cannot hide.
if it walks like a duck, and quacks like a duck......
The tape was painted on purpose to draw a bunch of nipple bottoms on everything.
For the sole purpose of getting all the "Pattern Watcher" bots to start buying again.
"It's The Bottom!!"
LOL....
Note that when the Euro crashed last night, the Dollar, Treasuires, and Gold did not confirm the move.....
That's why they painted it...
+1,000,000,000,000 Fiatscos for you to loan out a zillion times over at points over zero cost. You're now part of the club.
Awesome post!
Pink Floyd - Have a Cigarhttp://www.youtube.com/watch?v=KUDpc04r_QM
yes illegalpainting the tape
Sorry --I don't have a fancy charts to post. However--From MY viewpoint-That was the first selloff in months that did not have a freight train of volume. Usually the pattern has been sell---flood gates open---pattern to me changed--the volume dried up... Yes the up volume again was weak---but better then the sell volume..It also seem to be heaviest in high shorted names... Oil==looks strong Gold === weak....short term (2 days) euro-seems done going down for now---(3 days) selling seems to be over(problems not)
In the future retail investors will have HFT feature in their brokerage accounts and the crooks will have Super Hyper-frequency Low Wavelength Trading (SHLWT) algos. The guy with the biggest dick wins in this match.
Nice! Can't wait for IB/optionsxpress/etc to offer that HFT button, which will certainly be routed first to the newly-formed SHLWT guys for a silver-plattered front-running opportunity.
like the analogy
Don't you just love GM? First they claim they repaid all their loans in full, which was a lie. Now we get a report that the total losses to taxpayers on GM and Chrysler loans are already as high as $34 Billion. And today GM claims they are profitable? Well, if they are profitable, where the hell is our money? How do you claim taxpayers take a loss if this company if claiming they are making money all of a sudden? Don't you take those profits until the loans are paid back? I thought that was how things are supposed to work? WTF is wrong with this ignorant Congress?
Didn't you get the memo? Profits are privatized and losses are socialized. Come on man, get with the program and start your own IPO!
Don't worry about inflation and future generation. Just feel the vibe of the good vibration and sensation.
Medium sized RedBull now $3.80 - Roslyn, NY.
yes, the first half of the day featured pretty heavy selling. We hit 1600 on the ticks again, which is reminiscent of the heavy selling the last week and a half.
But the reversal off S2 pivot on the Dow (or close to it) was obvious. I even called it last night, especially after the huge reversal in the futures. This market is primed for heavy squeezing.
Two strong reversals in two days... people are still buying on the dips. I hate to say this since I'm still short (but covered some shorts at the end of today), but unless this Euro problem turns into a real crisis, this market is headed higher after a brief respite here at 1110. It's classic rope-a-dope action right now, and the bears don't have enough strength to break the backs of the bulls.
And when they pay their debt on thursday and the shorts are forced to reconsider their positions...
Even with the strong reversals, the pattern is still lower lows and lower highs the past two days.
Look at the SPY IOIA's at 12:11 pm. JPM hit the bid with a 1m share block followed by their usual 5k bids. Also, GS was on XLF all day with huge blocks starting at 3 pm. I guess someone saw that a squeeze could be initiated.
what software are you using to generate your charts?
Well I dont care what the up down vol is or who or what is rigging this mkt. The reality is commodities, ASIA, interest rates the certain economy stats like retail sales and the cratering of NY FED activity are all pointing to a slower GDP. Let them play games as truth will prevail as EPS slow as stimulus starts faulterinng and the china bubble pops.
And the euro takes its nightly dip, falling like rock..
Yes ibecken, Its much like a dam with a bunch of holes, like in the cartoons..They keep pluging them up but everytime they do a new one springs a leak..Its a matter of time..I sleep very well at night, I have a feeling those guys do not..
off-topic - dont dip into the keys.
the oil has nowhere to go but the keys now.
May I borrow a pair of your glasses?
That deaf, dumb, and blind kid sure plays a mean pinball.
The Who - Pinball Wizardhttp://www.youtube.com/watch?v=CRR-WlLVj74
"As I posted when boarding in Chi when the market was down, I fully expected it to be green upon arrival."
You had a 50 /50 chance with that prediction. The Amazing Kreskin has nothing on you.
"Data today was just too strong."
You should take a PR job with the Fed or the Obama Administration with your propensity for statements not grounded in fact. Strategy # 1: If the economic release is below "expecations", emphasize that the figure is still postive, better than prior period, etc. Strategy # 2: If the economic release is below "prior period", emphasize that the figure is better than expecations, rate of decline is decelerating, etc. Either way, the world is coming up roses...
There is a clear disconnect between the state of the economy and the performance of the equity markets. Why don't you just admit that you don't really pay attention to fundamentals (for whatever reason) instead of data mining in an attempt to justify your bullish case.
"Strategy # 1: If the economic release is below "expecations", emphasize that the figure is still postive, better than prior period, etc. Strategy # 2: If the economic release is below "prior period", emphasize that the figure is better than expecations, rate of decline is decelerating, etc. Either way, the world is coming up roses..."
The headlines at the close today were a beautiful illustration of exactly these strategies. I was curious to see how they would characterize what was - despite the rally into the close - a significant drop early in the day. Ah, but that's not what the headlines said. Instead, it was "Dow erases losses in choppy trading". It was exactly the lemonade-from-lemons that I have come to expect from our media. Reading a headline like that, no one would know that the losses were in fact part of the trading today. Instead, clearly the losses were in the past and their "erasure" is the trend.
Propaganda is so obvious once we open our eyes to it.
@HW
You trolling dumbf#ck. You said you would sell once the SPX dropped more than 5%. It dropped more than 10% during the flash crash. Stay long my friend. Stay long. Too bad you're just a lying troll....
He's just got a particular thesis about 'bearish people' (indistinguishable, apparently, from those who try to trade the market up or down on its merit) and as such feels compelled to bait the predominantly bearish crowd here with sunny optimism at all times. I'd have more respect if he showed up during selloffs, and not just when the market's green.
He's a troll - he's not a real person. That's why he doesn't show up during selloffs, why he says he's going to do one thing (buy X when the market drops Y) but never follows up, why he doesn't have real conversations but only ever says unenlightening, jerkass things in what we used to call 'drive-by' postings.
I despise all trolls on principle. They are not real people having a discussion. Their purpose is to *disrupt* productive discussion, interrupt dialogue by throwing in (obvious) red herrings, and generally squelch thoughtful dialogue by upsetting/annoying people where possible. (They 'troll' for trouble, as we said back in the usenet days.) I too enjoy some of the slapdowns, but a troll's sole purpose is disruptive.
Best answer to a troll is Flag as Junk, and carry on the discussion over their heads.
TYLER!!! MARLA!!! The Flag as Junk key isn't a good enough indicator...people use it to disagree, play, etc ... it's too general.
IS THERE ANY WAY WE COULD HAVE THE FOLLOWING?
- Troll/Spam key
- Agree/Disagree key - or a rating, 1-5 key, for comments maybe
and/or
- Flag as Gold key! (silver key, tungsten key?) Abanamerican's idea
- Koolade key! moonrajah's idea
OK, you don't want to design a piano, but any combination of the above?
Highest volume candle today on the ES by far was a red candle at the noon lows. What data was your statement refering to?
Right on, the troll is back. I love reading your posts.
Any chance of you posting your own content and starting a thread of your own? I could sit back and read the comments for the pure fun of watching the barrage of ZH razor wit slice you to ribbons.
To Warry Hanger
Would you mind putting a positive spin on this oil leak that is just now showing up on my beach?
i like this chart
No PPT in Shanghai obviously. Ironically Communist China with the more honest market.
Where Shanghai has gone the US markets should be, and lower.
Exactly my aussie friend. C, AIG, FRE & FRM cant buck the rest of the world forever.
Can't read the first chart, it won't enlarge.
Down with increasing volume.
tell that to the wanker.
Still waiting to find out whether I'm short or long EUR from here on out today...
Busy selloff this morning, successfully interrupted at just under 1.232. Bears have been successfully held to the 1.233 level but no enthusiasm for buying yet...
GBP consolidating at 1.4435 or so.
Tokyo didn't much like what the northern markets were selling today, but unlike yesterday caution rules.
So what's Skynets address? Ya gotta love McCain's preverbial phrase: "I will make them famous"
BIG spike upward, 25 points in a few minutes, EUR and GBP just ahead of the next market. Frankfurt opens in 15 minutes.
Christ, not this shit again. Had bloody enough of these shenanigans yesterday.
So sick of the goddamn big cheeses coming in with their goddamn huge minute-spikes up and sudden minute-spikes down screwing up the trends and headfaking the herd.
More freakin sitting around laying low until the goddamn mandarins are through with their tantrum, and some real trend slowly peeks out from the rubble & gradually asserts itself. Getting to be nothing but desperate spikes and glacial consolidations around here.
While I don't make investing decisions based on price forecasting, I still have an opionion, just like everyone else.
The way I see it, the exchange is gonna hold this market up until the banks soak up as many treasuries as they can handle. At that point, the fed will come up with a rationale to raise rates.
As rates rise, the market begins to decline. Mutual fund investors, watching their portfolios deteriorate, start salivating at the thought of getting a decent, government-backed return on their money. So, they move into cash-like instruments, leaving stocks to be bought at the bottoms by the banks.
Nonsense. Pention funds rule. More than mutual funds or banks.
EURUSD / EURJPY continues to show buying support on intra day chart.
EURGBP daily chart gives mild bullish warnings.
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
I have an old x286 int eh basement that I use as a linux perimeter box. I'm gonna build me a LFT server. Yup I figure if I go LFT the HFT's won;t have a fucking clue how to handle it so they'lkl melt down thus my short is rockin.
Then I'll turn it off and go long. There is absolutely no way to lose here. The HFT's are so fucking stupid they'll think I'm a vampire squid and go against my trade.
Yup I'm in the fuckin the money now thos efuckin dumbass wall street geeks won;t know what to do. Maybe they'll just reach across and pull the plug in frastration.
Gold Bitches Unite against the Paper aristocracy.
Harry's got the best rose-tinted glasses in the world.
they turn a half empty glass into an overflowing, self-replenishing fountain.
Harry needs his own blog, it would be hilarious. I would even buy the domain for him.
how about www(dot)HarryBaghdadBob.com ?
Don't feed the trolls!
It sounds like someone is being listened to yet again- great work Tyler.