ES: A Bouncing Algo Ball Pennystock?

Tyler Durden's picture

S&P 500 futures (ES) are jumping around like a penny-stick biotech firm on FDA-day. VWAP is the cnahor and the algos are had at work as they pull and push the index to help manage the AAPL orders. Simply remarkable moves for the index representative of 500 of the USA's largest stocks...



and close up...


and HYG has played catch-up - so which asset to lever next? EUR? VXX?

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Cognitive Dissonance's picture

iRobot has taken over.


Bedonkedonk's picture

I think it's stuff like this that, whenever I think of the algos, I think of Joshua from Wargames.
One algo pushes it up, which causes another to push it down, which causes another to push it up, which causes another, which causes another, which causes another...
Faster and faster until the crazy flashing lights stop and the algo replies:
"Strange game. It seems the only winning move is not to play."

VonManstein's picture

FUCKINg LOL this markets a joke. incredible to watch.LOL

SheepDog-One's picture

It's amazing to me to see just how much they don't care how blatantly obvious their rigged market is now.

spastic_colon's picture

especially when they ignore the move in the EUR/USD

The trend is your friend's picture

They can do whatever they want since the sheep make their weekly 401k contributions with their eyes shut and don;t open their statements on a regular basis

adr's picture

People are still making weekly 401k contributions?

Last time I checked part time and the self employed don't get 401k.'s picture

ihuman vs irobot via iphone:  welcome to the future

Widowmaker's picture

Anyone long better take a double look at their positions.

You heard it on ZH first, and you can buy Tyler a drink second.

HelluvaEngineer's picture

Kevin probably needs a larger lever that's a bit easier to control.

SheepDog-One's picture

Must....Offload...iCRAPPL shares....cant hold it much longer....HURRY!

LongSoupLine's picture

A) ES massive selling leads to;

B) Bernanke injections via TBTF algo whores.

C) Return to A).

hugovanderbubble's picture

SELL and SHort till 1.280 SPX

prains's picture

this is what it looks like when you let go of the fire hose under presssure, eventually everyone gets sprayed

catacl1sm's picture

Serioiusly though, I see a LOT of wobbling going on. The top is about to fall over and stop. Strap in, it's gonna be a bumpy ride.

Dr. Engali's picture

Somebody is blowing up and the Bernank is trying to contain the damage.

catacl1sm's picture

Pick a hedge fund, you'll probably be right.

Quinvarius's picture

This is a monument to his beauty.

firstdivision's picture

Looks normal to me, and by normal, I mean the over the past 3 years.

slaughterer's picture

Falcone (blowing up)

Cohen (blowing up)

Paulson (blowing up)

Ackman (blowing up)

Tilson (blowing up)



Gypsyducks's picture

You think Tilson would let me make a market for his AAPL calls?  I'm 0 bid at go fuck yourself.

Vince Clortho's picture

It's unusual for the ES to mimic the contortions of a dying snake?

Element's picture

So where does a real investor ... you know ... invest?

If not in stocks, won't capital investment in productive real business opportunities collapse?

Or maybe corporate money on the sidelines will finally spring to the rescue and we'll all be saved?

Or maybe Benny-bunny will print the economie into deep prosperity and demonstrate once and for all the intrinsic and powerful value of his great tool?

This is going to be interesting ... in a morose kind of way.

fuu's picture

Still worth less than an oz of gold.

Howdan's picture

iManipulate : "The latest in market manipulation products from your friends at The Fed"

Joe moneybags's picture

Those plus/minus .4% squiggles are just noise.  It happens all the time, and not evidence of anything.

Ctrl_P's picture

I disagree. It's the helpful HFT's providing liqudity.