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VWAP No More?
While in the past VWAP was the traditional strange attractor for intraday price convergence, today marked a stark difference, indicating that either i) whoever was trading did not use any VWAP algos to accumulate/dispose of block positions, or that, ii) [and in keeping with i)], most orders were routed to dark pools. However, take away FNM, FRE, and Citi, and there were basically no large blocks. One wonders just how much trading in the fab five f*@&#d financials occured in dark pools over the course of not just today, but the past week: if one were to add dark pool volume to what we know accounted for 25% of the total NYSE volume, the result would likely be a shock.
At least Goldman's REDI and Sonar are booking some solid cash.
Also, just in case you thought anyone traded during regular market hours anymore, the chart below should be quite eye opening.
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While lots of stocks were smoked today,
Riverboaters "made their year" dryhumping this low grade hooker today.
Up 41% on record volume.
What a strikingly beautiful woman!
i was just about to post what a slacker you are robo....some of us ARE unemployed and we loser types don't have a lot to look forward to every day, you know?
thanks for cheering me up.
+1!
I am quite surprised with how many articles talking about how gets "A vote of confidence".
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
discovered a live feed to the FoxBusiness channel
www.thestreet.ca
and you missed ZH as a selected blog on that same web site?
Thanks
Thumbs Up
TD said: Also, just in case you thought anyone traded during regular market hours anymore, the chart below should be quite eye opening.
I would love to hear more commentary from ZH and ZHers about AH trading and some of the things that are going on. Thanks in advance.
August 18, 2009
Phillip Davis
Seeking Alpha
Anyway, so the after-hours markets were flat but the ubiquitous futures market took off as soon as all the retail traders had their trading accounts turned off for the night. You would have thought something huge was happening to watch the relentless, nonstop, 3-hour climb in the Dow, the Nasdaq, the S&P and even the Russell futures that led into the Asian open. Did this blatant manipulation of the indexes fool Asian investors? Of course it did! The Nikkei opened at 8pm EST and had gapped down to 10,200, exactly 4% off the high of 10,620 on Friday. As I said to members in yesterday’s chat, that 4% line is critical in the follow-through day on the 5% rule as it represents our expected bounce off 5%, so holding that line is still bullish.
Well, never let it be said that Mr. Stick doesn’t know how to paint a bullish picture. The Nikkei was rescued from failing that 4% line by the relentless futures buying between 8pm and 10:30, which coincided with 9am to 11:30 on the Nikkei, which just so happens to be when they close for lunch. What happened at 11:30 Tokyo time? Well, suddenly everyone lost interest in the US futures and they fell ALL THE WAY BACK to where they started, in just 60 minutes. Please, Congress, whatever you do, don’t look into this nonsense - better to just sit there in your little offices and say "the market forces are too complicated for me to understand" and let 12 people control the world, that’s what America’s all about, right?
So, where was I? Oh yes, manipulative BS! Of course, coming back from lunch and seeing that the US futures had nose-dived sent the Nikkei right back to 10,200, but there was another way to prop up the Nikkei and that would be a dollar rally against the Yen. The dollar had already been jacked up from 94.37 Yen at the Nikkei’s open to 94.75 at lunch but, at 12:31, the minute the Nikkei reopened, the Dollar began flying up all the way to 95.30, which rallied exporters and lifted the Nikkei 100 points into the close. After the Nikkei closed, the Dollar fell back to 94.9 Yen - mission accomplished, time to rest.
Thank you.
Juggle all the shorts and longs until you get a Full House hand then deal. Poker's fun!!!
So we can assume that actual price discover is done in the dark pools at night? Why that would make the market a farce, wouldn't it? Shocking.
that icon is annoying.
hey buzzsaw--here is subzero, now plain zero!
buzzsaw is thread winner!
"I bid my dark pools at night"
Should inspire Marla to spin some 80s New Wave.
nope....Grateful Dead: "And we bid you goodnight"
WHAT ABOUT THIS INSANITY!!!!!
GOOD GOD!!!
The Federal Reserve Board of Governors in Washington has selected Denis Hughes, president of the New York State AFL-CIO, to serve as chairman of the Federal Reserve Bank of New York until the end of the year, the New York Fed announced Monday.
Yes, insanity; plain and simple. Now we have him and Bollinger there....makes one want to sell everything and just incrementally buy deep out of the money puts every few of months instead of actually 'investing'.
"Bollinger, 63, who has led Columbia since 2002 and served on the New York Fed’s board since 2006, called the economic crisis a “huge failure of public regulation.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahzL3uncGkcw
-- he says this as if he wasn't responsible at all. Maybe he was too busy debating terrorists to assist with repairing this "huge failure".
At least he's not another freakin Goldman alum.
I'll take a union guy over a goddamn banker.
It looks as if WOPR reversed polarity. Perhaps the servers are being relocated to the Southern Hemisphere.
Anon #46602
He certainly should be well-qualified,
I suppose that means they have a higher post awaiting the Chicago AFL-CIO President.
This is like "WONDERAMA" for all you "70's" fans.
The last one standing (or holding stocks), when the music stops, is gonna get crushed!
That's the beauty of it. It's just an adaptation of house flipping for the stock market. When you flip houses and drive up the price it may impact you at the very end but the real brunt of the damage is on the banking system. And since the soverign funds are able to leverage up using bank funds or every persons deposits then once again it's ALL on the banks!! When it crashes you just go gets a BAILOUT!!
Buy an OC3 and start flipping stocks now.
Based on their status, I don't feel too good about just writing a loan number on the check and mailing it in.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
Why do you cut off the very bottom of your Bloomberg terminal screen GRABs?
Serial number..easily looked up by any one of a bajillion Bloomberg employees and anonymity is out the window.
Betcha Goldman Sachs tries to buy out these guys.
http://www.technologyreview.com/blog/editors/24010/?a=f
I think the market players hot themselves in the foot by driving the market down one time too many. If we a re to agree on the issue of market manipulation,then we have to agree on something else:that all the market volatility between OCT and MAR was manufactured for the purpose of driving stocks to rock bottom prices,buy it themselves since most people and smart fund managers(who would willingly pay 250 for a stock,and probably will not pay 47)will be too scared to venture in the market. But most probably they forgot in the process that those wild rides will create revulsion and sea sick stomach pain even with most seasoned people,now comes out payback time.No volume means no interest for people in general to step up. Granted,most who were still having their blood pressure undercontrol,bought,sold and adjusted their portfolios in the initial stages of the rally. And now the story of the boy in the river who cried dawning twice and laughed at rescuers,the third time and when he was realy sinking nobody came to the rescue. Twice they cheated and scared people making it look like the market is to crash. So now most people think, aha if it is that easy to bring the market up and artificially pumpit (notwithstanding gree shoots and all)how was it for 6 months the market was teetering close to the edge?no thankyou very much. And as Naseem Talib once answered a qwestion"people are eventually gonna get tired and walk away". I think that is eactly what is happening now,desite the greatest effort by the fed,and all the trillions dished out to market keepers. I think people have had enough,those who lost probably walked out for good,and those who made profit are happy with what they made,and thos poor employees are stuck with their retirement accounts,and probably chanelling more of their funds toward more conservative investing style. Just ask Fidelity..........
Nice track, I'm so avid with that one. Whitetail Deer Hunting in Texas
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