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End-Of-Week Algo-gasm Insanity Imminent?

Tyler Durden's picture




 

UPDATE: S&P says an impasse will not prompt an immediate downgrade - ramp-on (perfectly to VWAP and faded)

The Dow just breached 13,000 to the downside and S&P 500 futures are bleeding lower (catching down to a more anxious credit and Treasury market). Now well below VWAP, we worry that the plethora of headlines about to be unleashed on the investing world will create chaos in the markets (most likely futures first given liquidity). Will the meeting (which started at 1510ET) end after the day-session close allowing futures traders to play? who knows...

 

 

AAPL used the rampathon to get to Boxing Day's closing VWAP for a heavy dump.

 

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Fri, 12/28/2012 - 16:31 | 3102755 SheepDog-One
SheepDog-One's picture

Must....Close....Higher must....Ramp....to VWAP....Desperate....Keep scam alive...Magical DOW 13,000...oh noez....1 more futures ramp....PUSSSHHHH....

Fri, 12/28/2012 - 16:34 | 3102767 King_of_simpletons
King_of_simpletons's picture

Algorgasm

Fri, 12/28/2012 - 16:41 | 3102793 Stoploss
Stoploss's picture

Looks like it's getting ready to shit the bed.

Fri, 12/28/2012 - 16:44 | 3102806 CClarity
CClarity's picture

S&P nothing - just wait for bond confusion!!  As the equity markets pressure down on cliff, the bond market will want/try to rally JUST as confidence shatters and fixed income momentum creates the real shit show.  Remember, it's usually what people (and robots)  aren't looking at that is where the action will be.

Fri, 12/28/2012 - 17:18 | 3102975 silverserfer
silverserfer's picture

Al-Goreasm. got to give him credit as he started this crazy whole internets thing

Fri, 12/28/2012 - 16:30 | 3102756 rubearish10
rubearish10's picture

The stage is set so pefectly. What a shitshow!

Fri, 12/28/2012 - 16:32 | 3102763 SuperDeDuper
SuperDeDuper's picture

Me tinks that some BS will be fed to us to prop the markets up for the weekend.  The come Monday morning, the truth will be told, and the market crashes and plunges and falls and cliff dives into the abyss and boehner and reid meet the aliens at the bottom of the sea.  Oh wait maybe the last part is from a movie i watched recently.  Either way, get your swim trunks on.

Fri, 12/28/2012 - 16:39 | 3102785 rsnoble
rsnoble's picture

Could go the other way for one final bullshit push. Either way it's best to stay out of the way.

Fri, 12/28/2012 - 16:35 | 3102771 fonzannoon
fonzannoon's picture

they agree that they can't keep holding the country hostage like this. Eeveryone above 250k gets higher taxes. they punt everything else and the debt ceiling for another year.

Fri, 12/28/2012 - 16:43 | 3102804 Dr. Engali
Dr. Engali's picture

Correction...they agree that they are going to tell the country if you make over 250k your taxes go higher, but in reality everybody's taxes and other expenses go up.

Fri, 12/28/2012 - 16:45 | 3102819 fonzannoon
fonzannoon's picture

that is more accurate. i just trade headlines. not too concerned about details.

fonzanalgorithm

Fri, 12/28/2012 - 16:48 | 3102824 Dr. Engali
Dr. Engali's picture

    +.000000000000000001 

Fri, 12/28/2012 - 16:50 | 3102829 fonzannoon
fonzannoon's picture

lol

Fri, 12/28/2012 - 16:58 | 3102878 GernB
GernB's picture

I would translate that into: they decide to do nothing. Higher taxes may not increase revenue at all, there are times in the past when a tax increase failed to generate increased revenue. And, if it does generate a revenue increase it will be insignificant compared to the deficit.

Fri, 12/28/2012 - 16:40 | 3102788 halfmetaljacket
halfmetaljacket's picture

just hit the wires

 

FXW OBAMA IS NOT MAKING A NEW OFFER AT FISCAL CLIFF MEETING, SAYS SOURCE FAMILIAR WITH THE MEETING

Fri, 12/28/2012 - 16:43 | 3102798 SuperDeDuper
SuperDeDuper's picture

Source: God

Fri, 12/28/2012 - 16:43 | 3102803 voshnishki
voshnishki's picture

oh sNap! Houston, we've hit VWAP.

Fri, 12/28/2012 - 17:07 | 3102921 Texas Ginslinger
Texas Ginslinger's picture

Am thinking that a novel based on a rougue computer programmer setting up an hft algo to go apeshit, sending the markets toward oblivion,  might make a good story.

This couldn't really happen, right..??

Fri, 12/28/2012 - 17:43 | 3103083 Nobody For President
Nobody For President's picture

There are several great SF novels buried in all this HFT shit.

How about an algo that goes sentinent, and gets as pissed off as most  ZHers at the banker scum and plots and pulls off a great crash?

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