As Traders Leave The Building, RISK-ES Spread Comes Galloping Back

Tyler Durden's picture

Now that every carbon-based trading life form has long since left the building, and only the robots and Brian Sack's NYU interns are left loading up bags, the good old ES-RISK divergence has once again opened up to the same 10 point spread which prompted us to advise for a compression trade yesterday. Sure enough, like clockwork, the vacuum tubes come crawling with limited dry powder, and can only bid up ES while leaving everything else in the dust. A compression bet here will likely close the same way it always closes once some rationality returns and the PPT steps back.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
coppertop's picture

Her stiff green gallop

SheepDog-One's picture

The stiff dildo up americas ass!

William Wics's picture

Do you mean to imply that her sullen and aborted
currents are breeding tiny monsters?

I would love to have met him.


Greeny's picture

Buhahahaha.. - 64 points on the DOW..

"As Traders Leave The Building"

Keep shorting, "Collapse... Collapse"

"Panic monkeys"

SheepDog-One's picture

Bagholder pump monkey! Youll soon be a distant memory.

fiddler_on_the_roof's picture

I am a proud bag holder in my retirement account( long Fidelity Growth Equity stock, long Gold miners since a month).

Yep they offer Gold miners in  401a retirement account, though I know they will nationalize miners in the not so distant future - hope to be quick enough to do a "penis withdrawal" technique before the nationalization happens with the miner stocks.


Anyone took my advice to buy physical Gold when it hit $1475 last week ?

Deep's picture

I love idiots like this and so does Wall St.

Sir what has the mkts done in 10+ years. NOTHING

But let me guess, you timed eery top and bottom the last 10 yrs.

Price the mkt in real money, GOLD, since 2000, and you are down huge.

Keep sucking Wall St. dick you MORON

Fidel Sarcastro's picture

With only 40-min left into the ES close a total NET 1,420 aggressive traders had lifted the offer for the entire day.  That final "stick save" of sorts on MASSIVE BUYING had the ES close out with with 33,520 NET aggressive buyers over aggr. sellers.  Quite a rapid change, eh? 

Without the aggressive sellers into the bid, the NET buyers would'a been ~65,000.

I'm guessing a lot of small traders phoned their brokers and said buy all at once.

Yeah, right!




trampstamp's picture

What I believe really happened late in the trading day is buy stops were hit on the way up. Basically short covering into the weekend. Happens all the time. This little rally didn't mean didley. It hit the 50% retracement.

Alcoa kicks off earnings season and we should see if the bears will have the upper hand. Remember, option expiration is next week, so when both options expiration and earnings are in the same week, you should see at least one nice down day between Monday through Wednesday. Some bullshit story will bring down the market sometime during those 3 days, then come Thursday around 2:30 EST the big boys on the floor will see where the dumb money is betting on with options and will bet against the heard and make a killing.

Google reports on Thursday I believe so a Google strangle with some out of the money put/call options would be a nice trade

trampstamp's picture

I'm sure there are plenty of contrarian billionaires out there that would take him up on that bet.

mkkby's picture

Anybody remember those shitty little gold bear shills?  This wanker will slink off soon enough.

plocequ1's picture

Does this mean Elvis has left the building?

Robslob's picture

too sad...

Boilermaker's picture

Pathetic came to mind...

Gubbmint Cheese's picture

Fuck this.

Have a great weekend everyone.

101 years and counting's picture

remember, this gap was closed right before the NFP came out this morning when oil went nuts.  this doesnt mean ES will come back down to the basket.

nobusiness's picture

Market was amazingly strong all day.  i guess noone cares about jobs unless it their own.

SheepDog-One's picture

Well the market is amazingly EMPTY, cleared out of all carbon based life forms, now ran by silica life forms known as Skynet. I suggest if you own any paper stock crap to sell it fast as you can and buy hard assets and commodities.

Dr. Engali's picture

Market what market? There hasn't been a market in years.

SheepDog-One's picture

Markets are just a crowd control meachanism, people are so used to equating 'the economy' to the DOW, its the easiest tool ever to control the masses.

Caviar Emptor's picture

Ponzi on! If someone calls a bluff or wants to cash in some chips, Ponzi Poof!

nobusiness's picture

SPY up an additional 20 cents after the close.  Who the hell is that buying?

SheepDog-One's picture

LOL, diodes and resistors.

Boilermaker's picture

Same w/ IYR.  It's now positive for the day in AH.

Fuck it, who cares?  It's so bogus now that it's not even interesting.

SheepDog-One's picture

And they dont care at all that anyone with half a brain can plainly see theyve taken total control. Hmmmmm why would they not care that they have no credibility...because that no longer matters for whats next.

John Law Lives's picture

We get an 800+ point rally on the Dow Jones over the past two weeks prior to the release of the NFP data, and data that was far worse than anyone's expectations only shaves 60+ points from the Dow Jones.  It must be nice for Wall Street to know that the market can ignore every bit of lousy macroeconomic data.

SheepDog-One's picture

Excuse me, is there some point to you being here?

coppertop's picture

I want to see you wipe your ass with tiny gold coins.

SheepDog-One's picture

Ill wipe my ass with one and shove it down your throat.

TruthInSunshine's picture

coppertop is longjuan or whatever his name is.

The pointless, short, incoherent comments and impish remarks are a dead giveaway.

Rynak's picture

At least his has some internal mass. Zing!

coppertop's picture

manly yes but I like it too

SheepDog-One's picture

Easy to do when no carbon based life forms are in the market anymore.

coppertop's picture

I too miss the slave trade

Caviar Emptor's picture

Yup. It's now over 70% of all trading

John Law Lives's picture

The money to pump equities must be coming from somewhere.  It is obvious that the only trick the Fed has up its sleeve is to pump the equity markets.  Too bad that food and energy prices share the ride higher as Joe Sixpack takes it on the chin.

Rikki-Tikki-Tavi's picture

Jerome Kerviel's cousin trying to convince the market he is the FED?

hambone's picture

Market trades on vapors today...even w/ the big "surprise" miss on UE.  And S&P closes dead on the 20dma.  Launch point for Monday?

TradingJoe's picture

Algos were all over the ETF's today, nothing seems to stop the machines, but even those need cash, where does it come from if POMO is "done", supposedly?!?!

I've been watching the QQQ only today and it seems nothing can stop that sucker from breaking out above $60! What a joke this "market" has become! It's day trading on 1/2 a day because if you hold IT longer you lose! :))

Happy weekend and let's see what happens BIG MONDAY with all the "traders" back!?:))

SheepDog-One's picture

Exactly, must keep ETF's up (401K's), that way no one will get the funny idea to sell and mess up the whole plan of rading said 401K's for all theyre worth real soon. People dont get this SIMPLE obvious scenario? Then good luck to em, theyll need it big time.
In case anyone forgot the Treasury news about this and Zerohedge threads
The endgame is wiping out your 401K's, enjoy, sleepy US sheeple.

Raynja's picture

how many times are you gonna post the same bullshit idea.  they will not take 401k's, they very well may make early withdrawal illgeal/even more highly taxed, they might give you only the option of investing in treasuries, they might tell you only brian sacks can allocate your 401k but they will not tell everyone that they're 401k's have been rolled into ssn. and based on the article you link to the obvious choice will be to reduce your contribution to as little as possible as the link makes it sound like it will go from defined contribution to defined benefit.

nobusiness's picture

I guess the market has run out of sellers.  Only 401K monthly drones left investing with the computers.

SheepDog-One's picture

401K drones, yep...and the Treasury will be helping itself to that pot o gold real soon.

coppertop's picture

My but Maria Barf-a-romo looks well fed.