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Free Chicago Style Markets Promo At Noon Sharp
Get used to it: momo quants trading only at noon and 3:30pm are here to stay. Also get used to the new carry trade, and feel free to stop trading anything except the new carry trade.
A 1,200 TICK reading on no news. The new normal.
One wonders if the momos are just activated when low volume hits new lows. Volume high - market down, volume low - momos in control. Seems computers can only be bothered with gunning market higher when they are the only ones trading.
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Automated collusion. Pay up suckers, we own you!
Tyler, i fear truer words have never been spoken (even if you are all nutcases).
it helps when you kill the dollar. check out dxy.
Fell off a cliff when Europe closed. I wonder whether there is a link. It is currently bouncing off the .78 trampoline...
One wonders if the momos are just activated when low volume hits new lows. Volume high - market down, volume low - momos in control.
If that is the case I think it does not bode well for the 3rd and 4th quarter... at some point volume has to be more consistently up... and I don't think people will be buying at these levels (computers yes, people no)... so down we go in a big way.
Agree. As the market will trend lower, the algorithm will be modified to sell which will increase the selling pressure...so down we go in a bigger way. That is when the media will blame the selling on HFT not on fundamentals.
Yep... now that TD has helped the MSM figure out what HFT actually is...
This is just getting so insane. The ramp job on the NQ was nuts!
are just the computers left now before the holiday weekend so they know they can gun and kill the shorters and their stops yet again
GDX rocketing.......
great pic robo...one of your best (excluding the women, naturally)
dollar is taking a pounding
Yes, what an interesting turn. 10-year also moving.
Can someone explain how the Accumulated Volume indicator is to be interpreted? Seems like it is positive on days when the market is down, but negative when the market is up. Negative on up days makes some sense if you think there is hidden selling going on, but then why would it be positive on down days? Wouldn't the sellers continue to swamp the buyers?
"The US has a strong dollar policy"
yeah, hit it strongly with a ton of shorts, they are allowed and welcomed on that!
These aren't naked shorts. These are people with dollars that want them out of thier hands before they turn rotten. You're just seeing japan and china and russia dump the dollar.
No matter what a trader thinks he is trading, he is really trading the euro/jpy. The bot that controls all is some kind of currency swap Godzilla.
Probably the central banksters' market-control program.
It renders the markets totally absurd. You're doing a fine job, Benzimbwe.
crazy, gold, oil, stocks, all spiked once the dollar was tanked. just insane.
Frigging ridiculous. but i lost some dough again on this damnit.
Chicago Style HFT Hot Dogs ARE the market.
Da Bulls. Da Bears.
Come on--Chicago IS the marketplace.
Lets not be player haters, just hate the game.
Ha, the US now a carry trade lender, and everyone said not to compare us to Japan. The similarities are astounding! (only 20 yrs. later here)
I bet they aren't too please over in Japan with the dollar and I can't imagine how the Chinese must feel with all their worthless toilet paper dollars
the entire G7 basket of currencies is dog poop
You can bet they are pissed, look at what we did to the Japanese in the early 90s; cratered their economy by tanking our currency vs theirs to save what was left of our manufacturing base. Didn't work for long.
The Chinese want to avoid that.
Are you sure that this wasn't their idea? There are 2 certainties:
So how do you make Treasuries more attractive? Sell them at a currency discount!
Without a Fed audit, you can never be sure what is happening. It is quite possible that there is a steady stream of currency swaps flowing towards asia.
Got slammed on the NQ this morning. ARGGGHH!
ah, I know why the market is soaring... China trading in toilet paper for junk shares cos they can't lose and might actually make money that way and in the process own more of the US, to make it into Chusa
"It will not be too bad this year. Both China and America are addressing bubbles by creating more bubbles and we're just taking advantage of that. So we can't lose," he said.
http://www.reuters.com/article/ousiv/idUSTRE57S0D420090829
I wouldn't mind a Chinese takeover. Anything's better than Obama.
You guys surely didn't think the markets would be down before the Emperor's appearance 090909, did you?
anyone notice strange behavior with fannie and freddie?.... real tight range all day, then moves up or down afther hours, then does the same thing over and over again
wonder if they are gonna pole axe this into the ground at close? would be refreshing for a change
Cue up the stick save of WFC - trading in the red virtually all day, gets the pop in the last seconds to close flat for the day.
Do I think markets are going lower? hell yes! BUT! This is a textbook buy setup.
http://img2.imageshack.us/img2/1276/buysetup.jpg
Spare me the blaming part.
In terms of the interday observations minus the EUR/JPY cross, it seems to me, many of you all aren't old like me, nor traders, and view the 1200 tick extremes on holiday week, (there was a neg 1200 yesterday too at the lows) the ramp jobs ect as something new. They aren't. People have always been crazy and emotional and driven by hope and fear. And there always is a flavor of shit stocks going up for no reason to choose from. And if you have been trading for more than 10-15 years, the behaviour in the S&P's and most of the liquid etf's are entirely predictable, and are by experienced traders. For example, yesterday's inability to take out 991.25 resulted in good odds for a test of 1003, 1007, 1010, and 1015 today. It would of taken a real shit jobs # to turn it back down. As was the sharp drop from 1038 area, as was the target for that drop. It may look like insanity but it's not. This translates to the directional moves in equities and ETF's, but clearly they have their own agenda's and in a thin market can be pushed around.
Zero hedge has a wealth of vital information it posts daily. I commend the potency and critical look at these various important issues. But when it comes to articals about interday trading, pricing inefficiences, ect; the "new distortions" and arrived at causes for pricing, it misses the mark often. As a professional trader, it isnt hard to smell inexperience. In any job when you do it for half your life, it is easy to see someone who hasn't.If you are going to provide interday market analysis, it would be more potent if the views posted were accurate. I have little time to point out inaccuracies, but I thought I would give it a shot. I would suggest getting a pro, to offer analysis if that is the direction you want to take the site or at least get some good feedback from someone who has been around a long long time prior to posting content which calls into question the accuracy of your reporting.
You are no professional trader...most of the intermarket relationships are out of whack...please try not to drink before posting
In terms of the interday observations minus the EUR/JPY cross, it seems to me, many of you all aren't old like me, nor traders, and view the 1200 tick extremes on holiday week, (there was a neg 1200 yesterday too at the lows) the ramp jobs ect as something new. They aren't. People have always been crazy and emotional and driven by hope and fear. And there always is a flavor of shit stocks going up for no reason to choose from. And if you have been trading for more than 10-15 years, the behaviour in the S&P's and most of the liquid etf's are entirely predictable, and are by experienced traders. For example, yesterday's inability to take out 991.25 resulted in good odds for a test of 1003, 1007, 1010, and 1015 today. It would of taken a real shit jobs # to turn it back down. As was the sharp drop from 1038 area, as was the target for that drop. It may look like insanity but it's not. This translates to the directional moves in equities and ETF's, but clearly they have their own agenda's and in a thin market can be pushed around.
Zero hedge has a wealth of vital information it posts daily. I commend the potency and critical look at these various important issues. But when it comes to articals about interday trading, pricing inefficiences, ect; the "new distortions" and arrived at causes for pricing, it misses the mark often. As a professional trader, it isnt hard to smell inexperience. In any job when you do it for half your life, it is easy to see someone who hasn't.If you are going to provide interday market analysis, it would be more potent if the views posted were accurate. I have little time to point out inaccuracies, but I thought I would give it a shot. I would suggest getting a pro, to offer analysis if that is the direction you want to take the site or at least get some good feedback from someone who has been around a long long time prior to posting content which calls into question the accuracy of your reporting.
In terms of the interday observations minus the EUR/JPY cross, it seems to me, many of you all aren't old like me, nor traders, and view the 1200 tick extremes on holiday week, (there was a neg 1200 yesterday too at the lows) the ramp jobs ect as something new. They aren't. People have always been crazy and emotional and driven by hope and fear. And there always is a flavor of shit stocks going up for no reason to choose from. And if you have been trading for more than 10-15 years, the behaviour in the S&P's and most of the liquid etf's are entirely predictable, and are by experienced traders. For example, yesterday's inability to take out 991.25 resulted in good odds for a test of 1003, 1007, 1010, and 1015 today. It would of taken a real shit jobs # to turn it back down. As was the sharp drop from 1038 area, as was the target for that drop. It may look like insanity but it's not. This translates to the directional moves in equities and ETF's, but clearly they have their own agenda's and in a thin market can be pushed around.
Zero hedge has a wealth of vital information it posts daily. I commend the potency and critical look at these various important issues. But when it comes to articals about interday trading, pricing inefficiences, ect; the "new distortions" and arrived at causes for pricing, it misses the mark often. As a professional trader, it isnt hard to smell inexperience. In any job when you do it for half your life, it is easy to see someone who hasn't.If you are going to provide interday market analysis, it would be more potent if the views posted were accurate. I have little time to point out inaccuracies, but I thought I would give it a shot. I would suggest getting a pro, to offer analysis if that is the direction you want to take the site or at least get some good feedback from someone who has been around a long long time prior to posting content which calls into question the accuracy of your reporting.
There's a dreadful fascination involved in watching vast, complex machineries drift out of their historic behavioral range and into radically new relationships. Is one seeing the birth of a new normalcy, or is it all just about to blow up?
The way I see it is that equities have been dominated for a long time by a few big institutions, each with its own army of robo-traders. What's new is the extent to which Homo sapiens retailinvestorii has fled the battlefield, tired of being cannon fodder for the A.I. generals. So the cyborgs and terminators have emerged from their bunkers and are now visibly and directly in combat with each other. In the words of the poet, "Whoever wins, we lose."