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ES Closes Green At 40% Below Average Volume
The ES traded 1.9 million contracts today, compared to a 20 Day average of 3.1 million. That's almost 40% below average. No wonder FX has recoupled form equities - nobody cares to hedge the EUR pair with stocks anymore, as nobody is trading stocks anymore. But yes, volume was non-existant as has been the case in 95% of the time when stocks finish marginally higher over the past year.
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And gold was hammered just ta learn ya not to buy any of that rot.
Its fear of payrolls day, when the pit can use the cover of the higher volatility to take the market down. December09 was about a 4% drop if I remember. Haven't seen it that blatent since the JP manipulation became public, so it should be significantly quieter. I hope.
If they needed this takedown of gold today then they must be terrified of tomorrow's employment report.
Whatever, Ben. Don't you have more money to print?
actually, the Comex boyz have their nuts caught in a wringer....delivery demands are over the top.....and..
they don't have the gold....pounding it down now might stop further demands....
and its punishment for everyone who has the balls to buy gold & silver.....and HOLD ....not sell it back to them at a discount.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!
I got toasted. My $325/oz. investment fell $20 today.
Help me!
(Of Course that was $325 in 1999-2001)
This video is a brilliant and classic articulation of what's going. Please watch:
http://www.youtube.com/watch?v=kyPJBJCU28I
Total desperation stick save today - i say stick save in that its not been since 1170s that we have had back to back green closes. They badly wanted that before NFPs +quadrillion fix tomorrow.
If theres big vol tomorrow , you know what color its going to be.
I dunno, I bet there's a lot of dumb money waiting for the (un)employment numbers, and it could go either way based on that. What exactly the dumb money is expecting, I don't know.
Well bloomberg is already doing damage control - CNBC wont be far behind with a similar bullshit story
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7BjwuEDsZOI&pos=3
The dumbdumbs are expecting a big beat , even goldmans think 6 handle , market is primed for 7 handle.
Just to show how desperate the fund managers are....
Note how virtually everything that is going down is getting sold en masse.
And all that money is being piled into the few stocks that are going up.
That's like all of Hollywood suddenly becoming infatuated with Jennifer Love Hewitt because she's the only one left with a flat stomach, toothpick arms, and large natural breasts...
LOL...
Robo,
I can't wait for you to start posting again. Notice some retail stocks popped today:
That's like all of Hollywood suddenly becoming infatuated with Jennifer Love Hewitt because she's the only one left with a flat stomach, toothpick arms, and large natural breasts...
and an huge cellulite ass.
Aw, Buzz, you beat me. I was busy finding a few links. BTW, is that head in your avatar munching on the remains of JLH's cellulite?
Yeah, but don't you remember that flap about her "fat" "cellulite" thighs/ass. Not that Cursive minded. No offense to Mrs. Cursive, but I could show JLH a good time. :D
http://www.buzzfeed.com/buzz/Jennifer_Love_Hewitts_Cellulite
Anyway, happier times for JLH:
http://www.wwtdd.com/2010/01/jennifer-love-hewitt-decorates-her-kitty-with-crystals/
The camera never goes below the hips on her for a reason.
After the infamous "unauthorized" swimsuit pics, she probably had her agent put this stipulation in her contract. Funny, I never thought of her as an iceberg woman....
No way in hell those things are natural. Probably "all natural" like high-fructose corn syrup..
(And on the other side of the trade...)
So there is no INFLATION, huh? Sure hope that DEFLATION does not hit. In fact, it sure looks like the beginnings of hyperinflation!!!
Barf.
Yeah, and if you think you're so fucking smart, try to out argue this guy:
http://www.youtube.com/watch?v=ll7rWiY5obI
Census whistleblower on Niel Cavuto right show
Says that each time one census worker is rehired, it counts as another job
Beer, chocolate, and bodacious ta-tas...if there's something else any man requires, I don't know what it might be.
bacon ;-)
Fatwah on you infidel swine !!!
The big money never plays on 4 day weeks. That's like a rule. They are all on vacation in their $gazillion dollar 2 weekend-a-year paradises gloating about how much money they have and you don't.
but do they have wealth?
sell in may and go away -I guess thats what it means
And ebay upgraded from sell to neutral with a $20 PT jumped 4.4% to 22.18. Can you beat this ?
"But yes, volume was non-existant as has been the case in 95% of the time when stocks finish marginally higher over the past year."
This says different things to different people. To me it says "More of the same." Slow run ups followed by sharp declines within a 10-15%trading range.
How does "40% less than avg for the last two weeks" compare to a normal June trading day?
Boy is tomorrow going to be fun to watch. Can we say "blowdup" boys and girls?-:)
low volume days are always choppy with large intrabar volatility (HFT bullshit). Following higher high's and higher lows is hit or miss. When the volume kicks in, the computer games are less noticable (diluted?) --- hh's and hl's (or visa versa) work again. Just more evidence that low volume days nothing but "etcha-sketch" time.