With One Trading Hour Left, NYSE Volume Is 50% Of Average

Tyler Durden's picture

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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NOTW777's picture

this could be the most boring trading day of the year

HarryWanqer's picture

Rumors of an AAPL split.  We get that and a NFLX split and we're back in business!

Terminus C's picture

It liiiiiiiiiiiiiiiivvvvvvvvvveeeeeeeesssssss!!!!!!!!!

We missed you Harry.

tmosley's picture

With a q, not a g.  This is another metatroll, but one that has been MIA for some time.

Vagabond's picture

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?

Misean's picture

Expect things to get boringer.

Dr. Engali's picture

I hear you. There used to be a time when it was fun to trade the market. Now it's like watching grass grow.

tmosley's picture

More like watching zombies mill around a mall parking lot.


We play our little games, sniping away, while below us is a scene of true and utter horror, made somehow normal by passing time.

Zero Govt's picture

"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)

Saxxon's picture

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.

hambone's picture

"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.

SheepDog-One's picture

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.

Saxxon's picture

I meant, from a daytrading triple-short ETF perspective . . . we are talking about the same thing here gentlemen.

ZeroPower's picture

You shall not use "up" and "stocks" in the same sentence on ZH.

SheepDog-One's picture

Nah, Im not trading anything thats less than 5x inverse ETF.

NOTW777's picture

UNP and ESRX strong

rocker's picture

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.

plocequ1's picture

My name is John Q Taxpayer. I am volume. 

buzzsaw99's picture

 The lower the volume the easier it is to goose. bitchez.

hambone's picture

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.

Boilermaker's picture

All it's missing is a mask, tights, a cool nickname, and a perfect super-plex and it's full-on entertainment.

Boilermaker's picture

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.

plocequ1's picture

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

Sophist Economicus's picture

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...


firstdivision's picture

NZD is ripping tits on shorts.  Didn't know New Zealand was going to become the leading economic indicator.

lizzy36's picture

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.

Lets_Eat_Ben's picture

haha...nice. "I can't EAT food" terrific, terrific.

Tyler Durden's picture

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).

Misean's picture

It's easier for the government to confiscate pensions and 401K's that way.

Crack-up Boom's picture

Who junked TD??  Not I, btw.

Lets_Eat_Ben's picture

I think RoboTrader junked everyone. Either way, we should still blame him.

Kickaha's picture

"securities entitlements and stock certificates"  There, I fixed that for you.

gordengeko's picture

Fiat shit paper casino in the sky, ain't nothing about this game thats real but our attention we pay it.

willien1derland's picture

But the Meltup will on take half the effort - BFTD will mean soooo much more


Boilermaker's picture

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.

hugovanderbubble's picture

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

Gubbmint Cheese's picture

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...



SheepDog-One's picture

RainbowTrader tries to act like hes disgusted by 'the pigmen', but his dream is to be one. All too obvious.

LRC Fan's picture

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.

TooBearish's picture

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....

Re-Discovery's picture

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.)

Tomified's picture

The buyers don't have to sell, ever. It's as simple as that.

Platinum_Investor's picture

Just keep buying !  up up up.   Buy the large caps as that's what they are


ghostfaceinvestah's picture

Isn't there huge POMO the first three days this week?

Just coincidence, I'm sure.