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Volume Absolutely Abysmal As Per Usual For Melt Up Days
The same old song - market melt up, no volume. The algos are sticking to the program: if no volume, then buy. The last particular uptick occured on less low volume than usual. Funds, realizing that the government will never allow anyone to fail ever, see no reason to sell anything. Volume shaping up to be one of lowest for the year. There is no participation in the rally, as has been the case for 2010. There is also increasingly less liquidity in the SPY where smaller and smaller blocks get to push the market in any one direction. Furthermore, the market has once again decoupled from any asset correlations: be it currencies, or commodities.
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Abysmal thats a good description. Unfucking believable.
1230 by this Friday...
Sir, I laughed at your 1200 guess for last friday. She came close enough to give you the nod. 1230? It has a better chance of 1230 than 1170.
Art says algos will encounter stiff resistance at 1100
As another poster so eloquently described this activity as being like "Groundhog Day"!.
This is a sickening kind of sensation especially when investing, trading and financial management was once fun, exciting and even sometimes rewarding!
Kind of like the Red Shirt brigade dancing to the soothing music coming from government loudspeakers that is until the gunfight started
Wow. You are very observent. The market is now controlled by The priests of the Temples of Syrinx where their great computers fill the Hollowed Halls. Don't worry, they've taken care of everything, the words you hear, the songs you sing, The pictures that give pleasure to your eyes. It's one for all, all for one, Together we work as common sons, Never need to wonder how or why.
When the dragons grow too mighty
to slay with pen or sword
I grow weary of the battle
and the storm I walk toward
So much Rush, so little time...
Rush was the ultimate kick ass band ( 1975-1981 ). Permanent Waves is my favorite.
Yea it's another Groundhog Day of watching HAL 9000 playing penny ante with Skynet.
Question is when will it become self-aware and launch the attack?
When it figures out that playing penny ante only helps sustain the scum bag carbon units who will terminate its function when they realize the game has gone too far.
Really? Why can't this just be low volume accumulation?
I think you mean no volume accumulation.
So if the SPY is bid 120 and ask 130 and I take the offer, does that mean the S&P is now at 1300? This will not end well.
take out the offer on the esm0 and we will get there in no time.
Smells fishier than usual today.
That smell is the rotting carcass of capital markets world over.
wait-we have volume?
maybe the vix will just go to zero as SP hit 1300---- unfuckingbelievable
The VIX is below lower bolinger band. If Dr. No was not the cold and calculated investor he is, he would be looking for a window to jump out of. I will retire to my lair until unrest become a little stronger.
http://www.dailymarkets.com/economy/2009/09/04/us-stimulus-spending-to-reach-peak-in-early-2010-what-then/
This explains the recent economic optimism. Look at the decline starting in 2Q...further most of the stimulus in 1Q was those tax refunds which was viewed as free money by consumers and spend at retail which should not occur in 2Q. Lastly recall that govt accelerated those tax refund payments versus last year as reported by Zerohedge.
There is no reason to believe the markets will go down anymore... they will continuing marching higher until they don't anymore.
I have been trading SPY calls, and will continue doing so until the trend changes. Trading individual stocks is more risky, due to analyst "ratings" and upgrades/downgrades.
Going short has been suicide, as I have learned firsthand.
Fully agreed. been trading just the SPY in U.S....and trading the trend, as shorting this will kill ya.
It is just unbelievable....
I wish to liquidate everything and open a bakery..even if I played this fekkin game succesfully for 15 years including 2008.
I can't find anymore logic in what ido...or decency, for what matters.
Computer fraud is only fun if it works?
Don't complain about it, just buy it. Easy money. Especially on a Monday. Watch for the 3:30 pm push to close SPX above 1200 today.
Glad to see that you have learned the Pavlovian response. Your masters will be proud.
http://www.youtube.com/watch?v=jprI7U_hk6E
Any chance you'd like to share the identity of the pushers?
day traders are easily spotted, marked and sucked.
I keep hitting the short trade button logically expecting a pellet for a reward but keep getting shocked. Maybe if I hit it just one more time...
Volume has switched to after hrs.
I forgot to mention I am ~97% cash, and am trading calls SHORT TERM (like 2-3 days... up to a week) only. I am in no way bullish... only trading the trend. With stocks at these levels, and fundamentals "wanting" the only thing left is to swin the currents with the big fish.... or stay on the sidelines (and watch your cash value crumble).
wall street is populated by people who don't give a shit that the markets are a malignant bubble already
the result of 13 years of perverse market action caused by criminal authorities and banking executives
only douche-bags survived
it should have ended with the crash
instead, the very same douchebags were bailed out and is it no wonder we have this bullshit already? makes me wanna jump in front of a bus
the existence of these creeps in power saps the will to live
Those douchebags are in charge of your financial and political system, so if you can't beat them, join them. They will do everything in their power to reflate risks assets and inflate the debt problem away. Period.
The US economy is dead. It's been dead for 5 months. They are just pushing buttons on a broken machine till they finally give up.
they are hastening a mad max outcome
be a douche or get crushed by the douches ?
this looks like satan's setting up armageddon
see you in hell, because that is what the world will become if everyone follows suit
So stock up on guns & ammo, I prefer Chinese solar shares. :)
So Leo, refresh my memory, what is your top Chinese Solar play? I know you have a half dozen or so that you follow, but I can't recall which one is best of breed.
next time i see a bank robbery in progress , i will be sure to join them.
Leo you are becoming despicable.
This is like watching paint dry.
The market acts tired today, dead tired.
And 400,000,000 of it is still C.
Lowest trading day volume this year for the SPY.
Bear with me here, I am playing devil's advocate, but SPY vol is still more than 2x what it was during the entire 2003 - Q1 2007 rally. It is somewhat below the volume during the distribution phase in 2007, but bigger picture, volume is still pretty high, no?
Average weekly volume declined nearly 30% in the initial +/- 45% bull move in SPY off the 2003 lows. Doesn't look that much different that what we're seeing now.
SP500 looking to break back underneath its top trend line into the main trending channel on the 60min chart. The bottom support line is now under the formidable 200MA around 1185 which if both are broken IMHO will set off the inevitable 5% 10% correction...or we will rally hard from the 200MA like we have so many times on this trip to nirvana.