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With One Trading Hour Left, NYSE Volume Is 50% Of Average
One quick look is enough to understand what is going on with "market participation." Now that not even Johnny 5 will come out and play, as there are no more rebates to be collected in Citi shares, NYSE volume is now at 2.5 billion shares, just barely above 50% of the average, with one hour left in trading: in other words the perfect time for the Fed-Citadel JV to ramp everything higher using nothing but ES and SPY. Once again, central planning wins. The problem, however, will be when the selling resumes, as there will be no marginal buying, especially with no more shorts left in the market and looking to cover.
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this could be the most boring trading day of the year
+1
Rumors of an AAPL split. We get that and a NFLX split and we're back in business!
It liiiiiiiiiiiiiiiivvvvvvvvvveeeeeeeesssssss!!!!!!!!!
We missed you Harry.
With a q, not a g. This is another metatroll, but one that has been MIA for some time.
AIM went down (and is still down) for a number of partners starting at about 3:30 today. I wonder if that has an impact?
Expect things to get boringer.
I hear you. There used to be a time when it was fun to trade the market. Now it's like watching grass grow.
More like watching zombies mill around a mall parking lot.
http://www.youtube.com/watch?v=42DM_OcX1Gc
We play our little games, sniping away, while below us is a scene of true and utter horror, made somehow normal by passing time.
"watching grass grow" ..."zombies in a car park" ...let's add watching paint dry to the list of Stock Market metaphors ...and we can add tumbleweed blowing across the CME Crimex soon too
...no wonder Timmay is so keen to keep sending huge delegations (read vested interests) across to growing China ...now the US Parasite Club have robbed and emptied everything not tied down in America they'll be working on the Chinese Govt officials how to tax their private sector and asset strip it with regulation, how to rape pensions, pump and dump property and market rigging (as perfected in NY and Chicago)
Want to go short but shall stay my hand until after the budget ceiling compromise. This thing could explode to the upside. Not saying it's right, just saying what is.
"could" explode to the upside??? What has the last 2 years and 100%+ upside been?
I'd subsribe to the school of thought market will centrally plan it's way to a 1-2% gain monthly from here on...what other option do they have? The market left to it's own devices would seek to find equilibrium...far too dangerous.
Right, why not just blow past the old ridiculous bubble level DOW 14,000 and make it look like nothing, based on nothing? You can go and buy it, I tell them to go suck paddy water Im buying other things than this scam of a market.
I meant, from a daytrading triple-short ETF perspective . . . we are talking about the same thing here gentlemen.
You shall not use "up" and "stocks" in the same sentence on ZH.
Nah, Im not trading anything thats less than 5x inverse ETF.
UNP and ESRX strong
The only thing that is "Really" strong is Body Odor from the Pigs pumping this up.
BAC, JPM and GS together only had one bad trading day in 90 days amongst themselves. That stinks for a real market.
It's all Fake and is rigged to no end. As soon as alien money comes in their computers attack it. Long or Short.
My name is John Q Taxpayer. I am volume.
Volume? What volume?
The lower the volume the easier it is to goose. bitchez.
I may live a long life and double my current 40 years and still never see the "market" crash again...it may go up or down but that will be on central planning orders.
Market died long ago. Now just theatre.
All it's missing is a mask, tights, a cool nickname, and a perfect super-plex and it's full-on entertainment.
Time to ramrod the DOW to a full 'hundo' for the people. It's too irresistible not to.
REITs, also on fumes, are taking a magic carpet ride into the stratosphere for no reason. Unless you could the record delinquencies in CMBS as a reason.
I quit. All I can do is shake my head and barf.
In the the time it takes you to barf, You could be pressing that buy button on your Etrade account and make some Timmay bucks
Jeepers, are you still shorting those things? Every piece of debt will be supported. The banks are not going down. Now, I'm talking in nominal terms, not real terms -- but your shorts will burn-up. Uncle FED won't let their shareholders down.
IMHO, it is better to buy assets on the cheap, using incredibly shrinking fiat then to play poker with the folks who own the printing press...
NZD is ripping tits on shorts. Didn't know New Zealand was going to become the leading economic indicator.
I keep hearing that at 13,000 the retail money is going to come flying in (from where.....no clue, but i digress). Because given the choice, retail money will flee from food and fuel, and into PCLN, NFLX........food is so last decade.
You can't eat food.
Soylent green is people!
haha...nice. "I can't EAT food" terrific, terrific.
And since nobody even has actual possession of their stock certificates, one day DTCC will be the location of the biggest feast in history as cellulose is edible (if not digestible).
It's easier for the government to confiscate pensions and 401K's that way.
Aren't they all digital now?
Ralllllph....
Who junked TD?? Not I, btw.
I think RoboTrader junked everyone. Either way, we should still blame him.
"securities entitlements and stock certificates" There, I fixed that for you.
Fiat shit paper casino in the sky, ain't nothing about this game thats real but our attention we pay it.
But the Meltup will on take half the effort - BFTD will mean soooo much more
What's clear is that they are taking opportune moments to 'shove' up the market and key sectors. Then, of course, let it drift and 'shove' again. Probably does f'ing wonders on stop loss orders for shorts and negative ETFs.
market pumped 20 points on levitation in just two days....decreasing volume, and raising prices= bearish divergence, but who cares.
also look the intraday range for oil 4%¡ jajaja, what a band of terrorists
cue Robo with a plethora of charts and annoying commentary on how everything is so awesome in his deluded world which is completely void of fundamentals...
RainbowTrader tries to act like hes disgusted by 'the pigmen', but his dream is to be one. All too obvious.
I wonder what the $ value of all stocks traded on the NYSE is in a normal day. Like SPY trades 100 million shares, at $130 or whatever, so that's $13 billion in turnover in one day. Where the fuck does that money come from, if not from HFTs trading with each other? Like do "institutions" really trade GE, MSFT, CSCO, and INTC every single fucking day, multiple times a day? It makes no sense to me other than the markets are, and always have been, rigged as fuck. Like what has changed from 2 hours ago that you must suddenly sell your 100k shares of Pfizer on behalf of Jane Q 401k Holder? I have a modest 401k that just has 10% in company stock and the rest in a simple "broader market" fund which basically means SPY. I don't want them to trade in and out every fucking day, just accumulate some shares every other week when I make my deduction. Actually, I'm gonna cash that fucker out soon once I become fully vested. Company match, bitchez!
But seriously where the hell does all this money come from to trade stocks hundreds of millions of shares every single day? I know the volume lately has been beyond pathetic but I think normal volume should actually be a hell of a lot lower than even this-who the fuck is trading so many shares every second? HFTs I suppose. Sigh.
Dood- you don't need a lot of money to HFT trade - just minimum capital - its almost infinite. PS Tyler volume only matters on downtrades....
Lots of round tripping going on. Avg holding time is updated here often. I want to say several seconds. Roundtripping adds to volume each time it occurs. So the dollars are in and out very quickly. Doesn't take much cash in the system to generate this volume (which is exactly the point.)
The buyers don't have to sell, ever. It's as simple as that.
Just keep buying ! up up up. Buy the large caps as that's what they are
inflating.
Isn't there huge POMO the first three days this week?
Just coincidence, I'm sure.
Nice to see you back Ghost!
http://www.newyorkfed.org/markets/tot_operation_schedule.html
TBTF's as a conduit for the Fed/Govt.
The roller coaster always slows as it nears that initial drop, the drama and fear of going over the edge is intentionally manipulated and magnified by that slowing.
Come on Baby! Uncle Ben needs his QE3 excuse!
If there are very few marginal buyers... why are so many investors sitting tight and not taking profits on this massive run up in stock prices we've had over the last few years? Is everyone just hedging using the options market and assuming that it's smooth sailing since that downside protection is better than just selling out, taking profits, and having dry powder for later? Please, can someone chime in on this?
Insiders are cashing in at 560x the buy rate. Been that way for a while now...
They did. Ben owns everything in the index now.
The cabal loves to ride down the vix so they can scoop up options premiums.
Many chains have multiple expirations. SLV has this friday and the next.
Why not have all these opex weeks in our manipulated favor every week, thay say.
Declining volume is what you might expect at the formation of the apex of a rising wedge. It's been a death sentence but from a trading perspective, positioning short here isn't the worst of set-ups. You just need to be willing to admit defeat if / when the central algorithms once again repeal the laws of gravity.
Very nice catch. This definately looks like a rising wedge reversal:
1) The rising wedge usually forms over a 3-6 month period and can mark an intermediate or long-term trend reversal. Sometimes the current trend is totally contained within the rising wedge; other times the pattern will form after an extended advance.
Check.
2) It takes at least two reaction highs to form the upper resistance line, ideally three. Each reaction high should be higher than the previous high.
Check.
3) At least two reaction lows are required to form the lower support line. Each reaction low should be higher than the previous low.
Check.
4) The upper resistance line and lower support line converge as the pattern matures. The advances from the reaction lows (lower support line) become shorter and shorter, which makes the rallies unconvincing. This creates an upper resistance line that fails to keep pace with the slope of the lower support line and indicates a supply overhang as prices increase.
Check.
5) Ideally, volume will decline as prices rise and the wedge evolves. An expansion of volume on the support line break can taken as bearish confirmation.
It seems we're seeing the first part of that today.
6) Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. It is sometimes prudent to wait for a break of the previous reaction low. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level.
In theory, this is what we're waiting for.
Can anyone confirm that I'm right in the way I'm seeing the S&P chart here? I'm kind of a No0b at this...
LOL, I'm looking at a 10 day, 1 minute chart of the SPX. There's room for a whopping 3% correction. It'll never happen of course as any decline greater than one-thousandth of one percent would immediately derail the wealth effect.
Good question Don...feck the guy that junked you. I have seen what you mean and looks like a ES =1370ish top, before correction to ...I dunno..looks like 1320 from here.
I have a question:
If Osama was indeed unarmed, why then did they kill him, instead of apprehending him ?
Are they not interested in what the man has to say about Al-Qaeda's network structure ?
I mean here is the guy at the top of the organization, with all the Al-Qaeda sub-commanders and their locations in his head, ready to be interrogated, and then they just kill him ?
Just like that ?
Oh, come ooooooon.
This is fishy beyond recognition.
Because as a nation we don't tolerate water boarding. We just shoot them between the eyes, then dispose of the body like the mafia of old. It's cleaner that way.
its called compassionate liberalism. if they threw water in his face - thats a crime, but shooting him in the face is good for at least 5 poll points. is it comforting to know that virtually all interrogation and investigation of terror suspects is frozen?
Because he was already dead?
No more bong hits for Usama bong Laid-in, just 27 virgins (he gets the inverse 'cause he was bad).
10 Facts That Prove The Bin Laden Fable Is a Contrived Hoax
http://www.infowars.com/10-facts-that-prove-the-bin-laden-fable-is-a-con...
Because if he was dead and buried, the could point all their super high tech spy satellites at his grave and build up a database of who visits, when, where they go to afterwards etc.
Who would pass up that opportunity to gather so much surveilance on Al Qaeda. ???
Given the MSM explanations so far, it would be prudent to believe that he was in fact apprehended, and is now a guest of the Saudi Information Gathering Bureau; or, that he has actually been dead for years.
Anything else you believe would put you in the same group who believe that the recession ended in 2009, unemployment is only 9%, and the debt will NOT be monetized. "Trusters" is singular label we can derisively slap on them.
Well maybe they do have Bin laden secreted away, and that was Joe Biden that they wrapped in white mess hall tablecloths (from officers mess hall of course - to show respect) and kicked off of the side of the US aircraft carrier. Y'know right after Biden publicly outed the Seal team that did the job?
Consumer names continue heading into Outer Space.
WYNN, FOSL, LTD, WFMI, SBUX, ANF, you name it....
Market is pricing in the biggest, longest, consumer spending orgy in modern times.
Gold stocks are pretty much left for dead.
You never disappoint.
Market is pricing in...
that's some funny shit there.
Come on robo. You know the score. Between that spend like there is no tomorrow and the non mortgage payers, there is plenty of money for food, beer and fun.
I'm amazed that my utility stocks like SO, FE, ED, etc. are now trading like Internet stocks...
And despite their huge runs, they still pay a decent dividend.
LOL....
Too bad your momma doesn't increase your allowance so that you could buy some.
"are now trading" is called sector rotation into defensive area...watch those cd stocks
LOL, what a dork.
Check out ERTS.
Absolute moonshot off the February lows.
And I thought gaming was dead......
How does a flim flam multi-level marketing pyramid company like Herbalife rocket from $45 to $107 in one year?
Oh, I forgot.
Uncle Gorilla has been pushing electronic digits into the markets, and Goldman Sachs uses it to buy retail stocks.
Man you can shit on a thread faster and deeper than even Sheep Dog One.
Go fuck yourself fuu!
=)
At least we know what stinks.
Nice volume of business....And my wife wanted me to stay home today, look what I would have missed
http://www.youtube.com/watch?v=25Hc3wDwn7w
XLY hitting all-time, lifetime highs with unemployment still at what, 9%? 12%, 20%??
LOL...
Never underestimate the power of Uncle Gorilla.
now they trash corn
Timmy trash corn, and I don't care
Timmy trash corn, and I don't care
Timmy trash corn, and I don't care!
Cuz he drives an SUV.
LOL
+1
Undercover SKA plays DC-
Barry smokes crack, I don't care
Barry smokes crack, I don't care
Barry somkes crack, I don't care
I guess his budget ain't goin' anywhere
Timmy turns tricks, I don't care
Timmy turns tricks, 'cause he don't care
Timmy turns tricks, 'cause they don't care
That him standing on the corner over there
Benny can't quit, but I don't care
Benny can't quit, but he don't care
Benny can't quit, they don't care
That's him mo-ne-tiz-ing over there
Mom & Dad, they don't care
Teacher & Pupil, they don't care
Government Man, he don't care
He's shaking hands with Devil over there!
Must be thousands of hedge funds blowing up today who are short consumer discretionary and long gold stocks.
What? Did they just raise margin requirements on corn?
Part of Little Timmy's favor to the Middle Kingdom ?
Timmay's worried about not getting an increase in the debt limits. He needs his banker to buy some more of his finely engraved paper...
In a real market, the gigantic buyers of the Roach Motel [SPY] rushing in in the last hour today, and on such lite volume prior, would be scalped and taken out. The amount of capital thrown at the Roach during this time period is massive...which would normally be taken for desperate and dumb money.
However, and by whatever invisible hand, the dumbest trader on the floor is rewarded again and again for his stupidity under the current circumstances. And when you understand this simple fact, then you realize it isn't a market anymore, but truly a ponzi scheme. The only thing that remains is determining just who the last buyer is.
The last buyer?!?! Why that's easy...you got a mirror around?
The Last Buyer IS the 401K Bathrobe Brigadeers....sitting at home watching the indexes melt higher, calm as Hindu cows...never suspecting they are being sized-up for the massive feast very soon.
volume low?
many robos went for maintenance today
3-In-One Oil and WD-40 are the only goose grease the robots need to sail on to Dow 20,000.
And that's only to keep the "BUY" buttons from sticking.
More melt-up!
I remain more convinced than ever that the margin hikes on commodities lately are intended to contain inflation while they continue to ramp up the stock market. This will ultimately only bring even more inflation. It will backfire and prove counter-productive. Policy-makers never consider the longer-term ripple effects. As prices fall for commodities in a bullish environment, suppliers with spare capacity are disincentivized to increase production. Thus, supplies FALL in a bullish environment. Eventually, market forces will drive the prices even higher than they were before.
Make your money in stocks, because you're going to be paying it back in higher prices for everything else!
OT: Denninger posted on Market Ticker an interesting thing abt how Timo Soini's WSJ-story yday was altered. He was kind enough to post the original version. Talk abt gubberment intervention here or what...
http://market-ticker.org/akcs-www?post=185817
Updated slogan
Sell in May and don't come back.
Who's the asshole junkaroo today!
And if you're still out there junk away!!
A bored market maker/specialist. No trades to match.
i dont know how to trade this market. should i just mail a check directly to goldman sachs?
Same shit different day....markets ain't worth a shit...tedious
This passes for news? Come on. Yesterday's NYSE volume was 3,366,898,000. Today's with 10 minutes left to go, is 3,409,240,000.00. Not #winning!
Meanwhile, Albert no, Derrick, uh, David Brooks has written a piece almost as boring as this market, called "The Missing Fifth" (I thought it was about whiskey, and that's why I googled it). But it's about the 1/5th of the male working age population that is not engage in "workin' for a living' "
Brooks writes:
I know there are a lot of these guys just about 2 miles North of me in the city, but $115 billion a year buys a lot of Ipads. Go, econ, go! USA! USA! USA!
Link: http://www.nytimes.com/2011/05/10/opinion/10brooks.html?_r=1
Another bong hit, please. I'm missing a fifth of something. I think it's my brain cells.
--but MSFT is down.. LOL...Bizarro World Headlines.
With a Google email account you can make computer to Phone calls for free. Kinda shreds the Skype business model.
Am I the only one to notice the Short Circuit reference?
Ally Sheedy was hot.
Dow utilities and transports at new highs for the move again
50%? I didn't know Cramer came from such a large family.
Reactor 3 still about to cause some problems http://www3.nhk.or.jp/daily/english/10_30.html
Does anyone else think it's odd that almost every post has been junked once (except for RobotTrader who surpasses all others in number of junks). That's just not how it usually plays out. Who, pray tell, is the roving junker??
watch the money center banks... they are next to get goosed. Raise margins on anything that proves the Fed "story" a myth, then buy the banks to "show" how indeed the economy and credit markets are "healing".
Believe what they tell you..."it's for your own good", hehe.
Not me. I got my one junk, above. Was I wrong to quote from a NY Times article?
Wow someone is very perturbed today, every single post junked?
Weeks ago a poster told all of us that they junk us only so they will know which comments are new or added after their first read through. I do not remember who.
They did however sound female.
Buy all the silver you can get. Look at Exter's inverted pyramid of assets. Check you real estate and stocks, etc.
http://lonerangersilver.wordpress.com/2011/04/22/john-exter%E2%80%99s-in...