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The New Paradigm: Drop On Big Volume, Ramp On Flat/Declining
No news here really. Market starts dropping: volume immediately picks up to 10 million above average. Then stocks retrace all their losses and add gains as volume flatlines, or actually decreases during the day. In the past week shorters will not short, sellers will not sell, aside from the first 30 minutes of market trading, when market volume ramps. In the meantime someone (fund managers with career risk as disclosed yesterday) is accumulating all those lifted offers as the market ploughs into the parabolic phase.
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Maybe Insiders are told to dump early in the morning to offset all the green shoot propaganda that is released.
"my friends......" apparently Obama and McCain have become one. which would explain Obama's newly spouted grey hair,
One thing all Presidents have in common: it takes about two months to go grey.
The dollar just took a crap again. New highs for the year in EUR/USD.
SEC is reportedly asking issuers and banks to share data used to rate bonds
- SEC notes that data would be shared with other credit rating agencies in order to generate unsolicited ratingsIt is too bad there aren't more shorts that borrow using term stock loans, instead of demand stock loans. With demand stock loans, Rahm/Summers/etc can jawbone institutional holders to recall the stock, screwing over the shorts. With term stock loans, Rahm/Summers/etc are SOL since the lenders don't have the power to recall the stock on demand. Even better if the collateral is held by a third party custodian, so the banks cannot apply collateral to close the trade in breach of contract.
Sounds like a good idea for a start-up: to offer-facilitate such long term share borrowings that are safe from the manipulators to the retail investor...
Simply unbelievable, when the short interest ramps up buy volume appears out of nowhere and they run the shorts. The shorts cover and the market trends up with the direction of the buy and twice the clip.
At sometime the shorts will be fed up, there will be plenty of air pockets that will deflate at rapid succession with no buy interest. I am guessing the game is up after the quad opx.
The New Paradigm: Stocks never drop more than half a percent at anytime of the trading day.
This market will need a very significant trigger to drop IMO.
I see nothing but imaginary greenshoots for a while, and retail sales actually may have had a real green shoot for a change with the +1.1%, but I don't know what to make of those figures just yet.
It is hard to screen out the noise.
I still won't believe recovery until the credit/debt destruction occurs but it just does not make sense to short this market.
Personally, I think it's hilarious that not even a "pending trade war" with the Chinese could produce a down day in this market.
Regarding retail sales, have you noticed the absence of the words "back-to-school" from many of the reports over the last few days? I think a 0.7% rise in retail sales excluding autos and gasoline is completely pathetic.
We have had price inflation, especially at the grocery stores. We had back-to-school, with some govt. subsidies(remember New York State?). And all we got was +0.7% over July. Bad.
Nice how the market is ignoring Best Buy and Kroger doing badly.
Bearish Spirits, I concur and would add that a 0.7% rise is pathetic if you also include the number of tax holidays targeting the back to school sales! Back to School is the 2nd biggest shopping season of the year....this portends a very lackluster Xmas season. Has anyone else seen all of the Xmas stuff already going up at stores?
-Michael
I would think that a horrible holiday season might do it, but they're able to spend/ignore all kinds of bad news, so....
Glenn Beck gonna spill some news today.
When this market caps out I hope all these idiot PM's buying this crap with no valuation and supposedly as fiduciaries are sued personally for incompetence.
Looks like the Chinese read ZH too...Gold blasted past $1002.50 a few minutes after I posted this comment. LOL!
So Mr. Vitaliy Kat-whatever-the-f--k-it-is, you didn't forget to buy Gold, DID YOU? It just gave me more gains than all the cash-flow-income-yielding-bullshit-paper-assets I and my family have EVER owned.
What happen to those massive put buyers on WFC with OCT 26's. CRUSHED
Oct 16th is a long way off, friend.
My big question is: how ugly will things get when everyone rushes to lock in their gains? You can bet more than one PM who have decent paper gains have a finger ever-present on the trigger.
Anemic market volume is no surprise: investors who got lucky by buying in around the March lows are sitting pretty as computers fondle each other and their portfolios get an erection watching the action.
Very simple strategy....take hourly chart of QQQQ; look for a statistically significant wide range price bar with the c<o; after that bar is complete then you buy next bar at open and hold until highs of down bar are reached. It is the same idea as you are saying in the article...the market hasn't stayed down for more than hour at a time over the past many months.
That's pretty much what I observed. Just buy all dips.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
It is simply hypnotic.
No actual retail volume so essentially running the stops down in the morning and then up during the day is the only way for the HFT supercomputers to make money.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions