Epic Market Closing Ramp Materializes Out Of Nowhere On No Volume, Provides Great RISK-ES Reentry Point

Tyler Durden's picture

The Treasury may be ceasing the incremental funding for its market manipulative ESF.... but not quite yet. Presenting the E-mini surge on absolutely no volume. According to Chicago floor traders, at least one bank bought 150 S&P contracts at very the close with one obvious purpose: ramp the stock market into the weekend. Luckily, for the observant ones this is merely another free money opportunity: the ES-RISK spread just soared and presents the latest compression opportunity.


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bigdumbnugly's picture

oh... that was me.  i bought 100 shares of BOA.

Dr. Engali's picture

I just sold 100 shares of BOA. Thank's for the trade.

Problem Is's picture

The TBTF, Wall Street whore, HFTs churned those 100 shares of BankO'AmeriCrap from you e^{fat x} times for "liquidity"...

Before they touched down on bigdumbnugly...

Helena Bonham-Carter's picture

Peas and beans are as dank here as a dog, and that is the next way to give poor jades the bots.

augie's picture

You should add market maker to your moniker, that's big money!

whatsinaname's picture

BOA showing very strong volume after it hit 9.90. Somebody sold a lot of July strike 10 puts mid-day ??

Dr. Engali's picture

Somebody sold  a lot of puts and killed them at the close.

rocker's picture

You call that strong volume. LOL   ( I hope you were being sarcastic on that thought.)

carbonmutant's picture

Premarket Monday morning is gonna be interesting...

Manthong's picture

Surely Timmy has to have a shoe box stash to keep the skunk works going.

the not so mighty maximiza's picture

This one is for the Republic!

francis_sawyer's picture

Megaphones bitchez...

So is this the point in the Channeling Stocks.com scenario that I'm supposed to buy low & sell high?

Sir Real's picture

The European markets also had a ramp up at the close.  Just another coordinated c#$%^&k or not.

Stay tuned for more happy talk.

Whatta's picture

i thunk it was options expiration hanky-panky. silly moi.

Cleanclog's picture

Consumer sentiment is going to be difficult to fix with manipulated indices now.  Main street, housing realities, and unemployment are the fixtures that influence now.

Jack Mehoff's picture

Not shorting this into the weekend, if a debt deal is struck these markets will soar.

SheepDog-One's picture

Yea well have fun betting on that.

Cleanclog's picture

The military stocks won't soar . . . and a lot of other sectors will be hurt by austerity and government reduction.  But there will be some hopium psychological price lift - just won't be sustainable.  Especially when interest rates begin to rise.  Yep, I wrote that.  If debt ceiling doomsday gets the can kicked, in conjunction with some budget deficit reduction (but no debt reduction for years),  the interest rates are going to creep, then creep some more, and the Fed won't stop it.

Dr. No's picture

I actually dont beleive there will be a deal struck until Aug. 1.  I have heard this and that about deadlines but Aug 2 is the date Timmah said is the last day.  I have no doubt on the 1st they will have some revised spreadsheets things could go another coupel of days, but bottom line, Congress will not deal till the midnight hour.

Cdad's picture

It is curious that no one seems to be contemplating the tail risk on this debt issue...namely, that our president actually wants a default and therefore will not sign a compromise bill.

Has everyone forgotten who this guy is? 

JohnG's picture

Bernank said buy gold to hedge tail risk.

SheepDog-One's picture

So blatant, they dont even care anymore...which should cause far more worry than comfort for the 'positive close into the weekend' pump on nothing.

They think we're all retards, or want to believe that, in which case we're in real bad trouble.

Manthong's picture

What? That didn't make you feel all warm and fuzzy with the confidence to win the future by going out there and building stuff and inventing stuff?


Dr. Engali's picture

It's always dusk before the darkness.

French Frog's picture

"Some say that this may be the lull before the storm
But there's one piece of nature everyone's forgot
And that's, "The darkest hour is always before the dawn!"


off topic, but hey, it's the weekend now

JohnG's picture

It's always darkest right before it turns pitch black.


equity_momo's picture

Its always brightest right after a thermonuclear explosion.

French Frog's picture

The BBC at its best ... the joy of watching tv with no adverts at all!

As we have a worldwide audience here at ZH, is there another national tv broadcaster around the globe that doesn't show any advert at all?  

augie's picture

Wouldn't be economically viable. No one puts out media for the good of the people. If people want truth and media companies can make a profit, they will do it. Unfortunately things are so bad people don't want the truth. So we get transformers 3 instead. 

doomandbloom's picture

CEO of dow jones, publisher of wall street, right hand of Murdoch resigns


Murdoch will now use only his left hand..

cougar_w's picture

Them as gets out early gets out best.

doomandbloom's picture

resignation letter here....seems he has been deeply hurt...2 weeks after the incident broke...defn hurt


SheepDog-One's picture

Go ahead keep pumping it minions of QE3, nevermind that part about 'market conditions worsening greatly' nah its just all up from here at the end of QE1, 2, 3,... and on the eve of 'even if some debt deal is made, default looms'....nah all clear skies and sparkle rainbows from here on out Im sure. 

101 years and counting's picture

serious ?, how do i "buy" the risk basket presented here?

equity_momo's picture

Long euro , oil and gold , could short some bonds too.

There are ways to do all of that on the NYSE without needing commodity accounts.

RobotTrader's picture

My prediction is that O'Bummer will cave in and sign the debt deal, but at the same time he is going to announce a huge jobs bill or some kind of stimulus plan for banks to start lending again.

Maybe it happens over the weekend, but I would not ignore the huge number of stocks that v-bottomed and turned around today right at the 21-day or 50-day EMA.

Every chart-watching hedge fund is going to buy hand over fist next week if we get follow through after today's ramp.

As far as the compression trade, gotta keep an eye on the S & P 500 denomiated in foreign currencies to see if it takes off.

Looks terrible right now, but they could v-bottom these also:

<img src="http://stockcharts.com/freecharts/candleglance.html?$spx:FXE,$spx:FXY,$spx:FXC,$spx:FXS,$spx:FXA,$spx:FXM,$spx:FXB,$spx:FXF|D">



fuu's picture

C and JPM did not perform per your expectations from this morning.

JW n FL's picture

Doing God's Works is not as easy as it looks! cut those double winning tiger blood fuckers some slack!

10kby2k's picture

How many million golfers will they be hiring in that jobs bill and what is the rate of pay?

SheepDog-One's picture

'Huge jobs bill and some kind of stimulus to get banks lending again'....right since that nonsense central planning crap has worked so well up to this point and all.

Re-Discovery's picture

Good luck with that stimulus call if House Republicans taste Obama's blood.  He'll have a hard enough time caving sufficiently to have them raise the debt ceiling.

I am always amazed at how few people recognize how Washington works.

MrBoompi's picture

The way it works is we give the public a taste of default, then we'll all be begging for anything and everything, including cuts to entitlement programs and QE3.

It's called The Shock Doctrine.

rocker's picture

Robo Question.  How's you strong CMA stock going.  A little way back you said it showed great strength.

Problem Is's picture

"My prediction is that O'Bummer will cave in and sign the debt deal,"

Just Political Kabuki Theater
Obama Bin Lyin' will do exactly what the teleprompter tells him to do...

Who's the bitch in the dress now, Barry Soetoro?

If Michelle Robinson-Soetoro hears a comment like "bitch in a dress" somebody is going to get their balls stomped Barry...

Fidel Sarcastro's picture

The volume in the pit is always pathetic. That ES ramp, however, was done on HUGE volume.