S&P 500 Futures Suffer Biggest Down Swing Of 2013

Tyler Durden's picture

From the highs this morning as European markets closed, S&P 500 futures have plunged 11.5 points. Doesn't sound like much - but this is in fact the largest intraday swing of 2013...Keep calm and BTFD.

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Say What Again's picture

I wonder if there is a keystroke sniffer on my computer.
Everytime I place a bid on VXX, someone improves the bid by 0.0001 - and it happenes a split second before my order.

flacon's picture

Di-Fi is still an asshole.

Diane Feinstein rubber masks for sale.


Dr. Engali's picture

Fuck that Mao looking shemale.

Say What Again's picture

Looks like the algo are pushing ES up to its VWAP.

What happens after that should reveal their bias.

Lohn Jocke's picture

You can  imagine the fun we have trading in illiquid markets. Anyone want some rice futures?

Say What Again's picture

It's late in the day.

Should I cover my shorts and go long?

DeadFred's picture

S&P popped just enough above the multiyear trend line to sucker even more long positioins into play. It's time for the banks to shear the sheep. Stay short. we'll see 1460 soon enough but it will likely catch fore it drops though the monster gap-up from earlier this month. Just my opinion, it's your money.

Orly's picture

Technical analysis is voodoo, yo!


DCFusor's picture

TA works to the extent that other's beliefs in it cause it to be self fulfilling.  If all the TA's in the world see a sell signal, they all sell - and down we go.  Simple in its stupidity, but still true.

DeadFred's picture

Sadly they havn't given me access to the code but with the way the algos work I would be drop dead surprised if the majority of their decision making is not based on TA. Their world is a mass of lines and trends, the nanosecond over the microsecond all the way to the level someone like me can see using a screen and a wooden ruler.

Orly's picture

Mainly oscillator crossovers.  And reading other charts, too.

Like If VIX, then...

Orly's picture

That's absolutely false.  I know people don't like to admit it but they're really just not that clever.

Technical analysis works because people do the same thing over and over and over again.  We are creatures of habit and if you charted the habits, there would emerge a pattern.

Simple as that.


Lohn Jocke's picture

I need a badass mothafucka to call this bullish for me.

Lohn Jocke's picture

Are you GetZeeGold in disguise?

IndicaTive's picture

Just some crazy cat who posts early in the day.

derek_vineyard's picture

since 666 this rally has rolled on and on-- unbelieved, refuted and denied.  even a 30% correction would leave the dooms-dayers well underwater as equity players.  luckily zirp also pushes up pm's, because the rationale of a stock crash to the benefit of pm's has not materialized.  companies are doing well.....the average joe is struggling......the new normal.

Orly's picture

Derek, the soon-to-be-way-underwater "stacker" took a nice bath today, to the tune of minus one-percent.

Keep stacking!  It's still shiny!

"the rationale of a stock crash to the benefit of pm's has not materialized"

You don't say...


Lewshine's picture

Derek, I know you've been conditioned by your environment - But, could you please read what you wrote, again.

See, Companies CAN'T do "really well" while the "average joe" isn't! For the record, unless you agree don't bother responding.

Everything that is doing really well, is either being subsidized by the Govt. or the Fed...Period! You are the ponzi stool living in the matrix.

Randall Cabot's picture

"S&P 500 Futures Suffer Biggest Down Swing Of 2013"

Soon to be followed by the close today by the biggest up swing of 2013?

LongSoupLine's picture

Algotards are shitting liquid.


Fuck you Getco.

Cognitive Dissonance's picture

Not to worry. Bernanke has gone all out and is sitting on the print button.

<Faster damn you, faster.>

flacon's picture

So that's why silver is down. 

Dr. Engali's picture

Ask Blythe.,,I'm sure she has an answer for you.

eclectic syncretist's picture

Well as far as I'm concerned he can shove all those Federal reserve notes right up his fat ass.

Cognitive Dissonance's picture

Ouch! Those are NOT where you want paper cuts. :)

Mesquite's picture

Or it's stuck...( the control p button..)

StoleYourMoney's picture

No sweat, they have algos

q99x2's picture

Last chance. All aboard.

Headbanger's picture

Do the algos work as well in reverse?

Orly's picture

Of course.  You just instruct it that 2=1 and 1=2.


TonyCoitus's picture

The Dip has been purchased.


S & P 2,500 here we come, bitchez

eclectic syncretist's picture

Higher volume without follow through suggests we're going down now.  JMHO though.

TonyCoitus's picture

Technical analysis is so yesterday.


The only thing you need to know is BTFD!

cbxer55's picture

Must have bounced back, it's only down 2.59 currently. Dow over 13,800.

rubearish10's picture

So, contrary to BTFD theeorists, what if AAPL actually "did" crash today, since 12% is not enough.

earleflorida's picture

'the mercedes rotates about pollinating but another genus in the land of amazon-- where evolution parlays extinction with progress?'

walküre's picture

Everyone remembered all of a sudden that VIX is cheap. Too cheap to pass up. AAPL is expensive and there's a glut of it on the market. Sell high and buy low. Market 101 explained in 2 sentences. Who is Ben and why does it matter what he does or if we know of him?

morning_glory's picture

I'm gonna call a couple of hard, pipe-hitting niggas to go to work on the homes here with a pair of pliers and a blow torch. [to Zed] You hear me talking, hillbilly boy? I ain't through with you by a damn sight. I'm gonna get medieval on your ass.

RSBriggs's picture

Must keep the market going up - market downturns are reserved for forcing Republicans to pass legislation they don't want to.  Market MUST move up until the debt ceiling crisis in March, THEN it can be allowed to "mini-crash" lower to force a debt ceiling increase....  This stuff is EASY to see through.

Getting Old Sucks's picture

They decided to kick the can till May 19th.  We're gonna sound like the EU on this topic.  Check back in 2015 for an update.

RSBriggs's picture

OK - that must give the Dow sufficient time to hit the magic 18,000 between now and then....

lasvegaspersona's picture

we are now living a fairytale life that traders of old (pre 2007) would not recognize....they would think they were trippin'

Dr. Engali's picture

Ivan Pavlov didn't have shit on Ben and his printing press.

SheepDog-One's picture

Wow ALL of 2013 so far?? The whole 24 days? Looks like all is well, every past such drop only resulted in a further new high.

Anyway, DOW is charging ahead now only a few hundred points from all time record bubble-top highs!

q99x2's picture

North Korea said it would carry out further rocket launches and a nuclear test that would target the United States, dramatically stepping up its threats against a country it called its "sworn enemy."

They might try Davos.

SheepDog-One's picture

Right, what's N Korea mad at us for? Aren't we the ones sending them free food all the time?