• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

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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Thu, 12/06/2012 - 11:25 | 3039264 Cognitive Dissonance
Cognitive Dissonance's picture

iRobot has taken over.


Thu, 12/06/2012 - 11:47 | 3039340 Sphinx_www
Sphinx_www's picture


Thu, 12/06/2012 - 11:53 | 3039354 Spastica Rex
Spastica Rex's picture


Thu, 12/06/2012 - 15:46 | 3040168 Bedonkedonk
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."

Thu, 12/06/2012 - 11:25 | 3039267 VonManstein
VonManstein's picture

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

Thu, 12/06/2012 - 11:33 | 3039270 SheepDog-One
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.

Thu, 12/06/2012 - 11:43 | 3039332 spastic_colon
spastic_colon's picture

especially when they ignore the move in the EUR/USD

Thu, 12/06/2012 - 11:47 | 3039338 The trend is yo...
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

Thu, 12/06/2012 - 13:06 | 3039582 adr
adr's picture

People are still making weekly 401k contributions?

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

Thu, 12/06/2012 - 11:26 | 3039274 FLUSA.com
FLUSA.com's picture

ihuman vs irobot via iphone:  welcome to the future

Thu, 12/06/2012 - 11:28 | 3039287 Widowmaker
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.

Thu, 12/06/2012 - 11:29 | 3039290 HelluvaEngineer
HelluvaEngineer's picture

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

Thu, 12/06/2012 - 11:30 | 3039292 SheepDog-One
SheepDog-One's picture

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

Thu, 12/06/2012 - 11:31 | 3039300 LongSoupLine
LongSoupLine's picture

A) ES massive selling leads to;

B) Bernanke injections via TBTF algo whores.

C) Return to A).

Thu, 12/06/2012 - 11:31 | 3039301 hugovanderbubble
hugovanderbubble's picture

SELL and SHort till 1.280 SPX

Thu, 12/06/2012 - 11:32 | 3039304 catacl1sm
catacl1sm's picture


Thu, 12/06/2012 - 11:44 | 3039334 prains
prains's picture

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

Thu, 12/06/2012 - 11:34 | 3039314 catacl1sm
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.

Thu, 12/06/2012 - 11:36 | 3039317 Dr. Engali
Dr. Engali's picture

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

Thu, 12/06/2012 - 11:40 | 3039325 catacl1sm
catacl1sm's picture

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

Thu, 12/06/2012 - 11:41 | 3039327 Quinvarius
Quinvarius's picture

This is a monument to his beauty.

Thu, 12/06/2012 - 11:47 | 3039339 firstdivision
firstdivision's picture

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

Thu, 12/06/2012 - 11:56 | 3039367 slaughterer
slaughterer's picture

Falcone (blowing up)

Cohen (blowing up)

Paulson (blowing up)

Ackman (blowing up)

Tilson (blowing up)



Thu, 12/06/2012 - 12:03 | 3039397 Element
Element's picture

got some body parts?

Thu, 12/06/2012 - 12:05 | 3039402 Gypsyducks
Gypsyducks's picture

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

Thu, 12/06/2012 - 11:58 | 3039382 Vince Clortho
Vince Clortho's picture

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

Thu, 12/06/2012 - 12:02 | 3039392 Element
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.

Thu, 12/06/2012 - 12:13 | 3039421 fuu
fuu's picture

Still worth less than an oz of gold.

Thu, 12/06/2012 - 12:22 | 3039447 Howdan
Howdan's picture

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

Thu, 12/06/2012 - 13:28 | 3039649 Joe moneybags
Joe moneybags's picture

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

Thu, 12/06/2012 - 22:28 | 3041443 Ctrl_P
Ctrl_P's picture

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


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