TICK Plunges As Suddenly Everyone Sells

Tyler Durden's picture

It took the algos a good hour of digesting the Fed's PR before slowly and surely, as we observed when noting the stealthy action in the VIX, the crowd shifted suddenly from the right side of the boat to the left. In the process, it pushed the TICK indicator well below 1000. But it is probably more notable that a modest 1% drop in the S&P is enough to bring up rumors of a "Markets in Crisis" special, and force all those who were buying on the low-volume levitation into a coordinated sell-off. New York Fed's Kevin Henry better show up soon or the last hour of trading will get messy without an invisible hand propping it up.


and volume explodes...


ES drops to the lower end of its up-trend...

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Edward Fiatski's picture


Thank you very much.

The Gooch's picture

I think Kevin showed up on the "Hawk" fed-thread.

Hence the "down-ticks"

Ahmeexnal's picture

And in a blatant coverup act, Kitco and other sites are now smoothing out gold and silver charts, erasing the vertical drops.
Sheeple are sheeple.
Keep stacking!

Say What Again's picture

The Bernank would never allow a selloff to happen. 

This market selloff can only be attributed to one thing.

Chineeeeese Hackers!!!

Charles Wilson's picture

Do you ever notice that when you walk by one of those big posters of Mao that his eyes seem to follow you around the room?

MUCH worse than Nancy Pelosi!




DoChenRollingBearing's picture

It's still early in the game, but it IS beginning to look like the BEARS may have been right, after the bullish Barron's cover, then BAMM!

Panafrican Funktron Robot's picture

One thing just recently occurred to me.  I had been reading about Paulson and Soros exiting GLD, and it donned on me that it's possible they merely redeemed their shares for physical gold bars, which I believe would still have been recorded as a sale of shares.  It would certainly help explain the unexpected large reduction in futures margin to cover over the loss of bars with paper.  

TruthInSunshine's picture

Where's that bald headed fuck Hank "Asteroid DA14 Will Loop Back Around & Destroy The Earth If We Don't Get TARP/TALF/POMO INFINTY" Paulson when Kevin Henry needs him?

Edward Fiatski's picture

One of them fuckers will show up just in time, it's just not the time yet. :)


derek_vineyard's picture

is the market going to give up yesterdays gains?   that is un-acceptable!

Edward Fiatski's picture

Well, there's going to be a nice bearish engulfing on the EURUSD at least. Already hit the .618 fib, suppose there's a chance for a pullback till NY open and then SLAM like a motherfucker, U.S. CPI data comes out and we resume.

SPY, on the other hand, can suck a cock, along with Apple - pure bubble action.

Say What Again's picture

Mr. Wallace wants to know...

Do you think the action in the OIL market is any way related to what is going on right now?


Edward Fiatski's picture

I think Tylers nailed it,

"We have noted the incessant slamdown in the precious metals markets, and highlighted that the only thing that can slow the flood of liquidity into each and every market is a rise in energy prices. The former represents 'trust' in the system; the latter represents 'real economics' as it squeezes the global economy forcing the central banks to pull back or tighten (see China's lack of rev repo recently)."

Oil manipulation to the detriment of the peasants is as old as JPM & RKFLR.

ZeroAvatar's picture

The market's going to give up last YEAR's gains. And the year before that.  AND, the year before THAT.

Banksters's picture

Hanky panky is livin large on the 200 million dollar tax free write off he got for taking the Treasury position.  Fucker is probably sipping mai tais right now.

TruthInSunshine's picture

I think it was closer to 400 million tax-exempt fiatskis.

Just sayin'

fomcy's picture

And now Economy so good that they "stop QE" ??? What a Bullshit, Wait for Automatic cuts to take

place in 1st of March And we go from there. f***ing morons selling gold but S&P is also down this time,

now what? Run into treasuries?? Go ahead, be my guest!


Ness.'s picture

10 yr UST up a whopping 4 ticks today.  haha - fuck 'em all.

Mongo's picture

Gold is cheap bitchez!

scatterbrains's picture

and it can get a lot cheaper quickly.  While I don't believe in Elliot wave monbo jumbo there are bits of it that do hold some truthyness such as C wave type corrections or capitulation wipe outs which mark the END of a correction and cleans out enough weak hands to begin to revert back to the long term trend.   Looking at a chart of gold on a weekly basis has that feel to it.. we could knife down much lower and we should all welcome it  as it indicates we are near the end of the corrective phase  both in time and price within the next few weeks.

toothpicker's picture

"corrective phase" wtf are you doing here Blythe?

scatterbrains's picture

I'm saying for the 1st time since Sept of 2011 the gold market is acting like it's nearing the end of a consolidation where the bull market can begin another longer term leg higher.... but it could be a few more weeks and maybe 200 dollars lower.  If your over levered you'll get kicked off the bus first though.

RSBriggs's picture

Burn, baby, burn...

LawsofPhysics's picture

The crowd?  Does a computer cluster now constitute a "crowd"?  I am confused.

The Thunder Child's picture

Brings new meaning to the phrase 'cluster fuck'

Glass Seagull's picture



"Bohlz doo dah wohlz."



Frank N. Beans's picture

hey Glass!  You're cracked!



Say What Again's picture

I keep a ratio of (DOWN Vol) / (TOT Vol) up at all times.

This ratio is pushing 90%.


The reverse -- (UP Vol) / (TOT Vol) was only around 60% for each of last 30 "BULLISH" sessions.

I leave the analysis as an exercise for the reader.

medium giraffe's picture

So long and thanks for all the pips....

Cursive's picture

Love the boat analogy.  There won't be enough life boats for all the hedgies, portfolio and pension managers and "financial planners" once this "Market" starts taking on water.

BoNeSxxx's picture

We all love the boat analogy,...

In spite of the fact that we all survived 'nautical accidents' that left our PMs resting on the sea floor, we maintain a certain fondness for the little buggers.

Liquid Courage's picture

But now there's also the new "Cruise Ship Adrift" nautical disaster meme (Costa Allegra, Carnival Triumph)


Market Loses Power As HFT Super-Computer Catches Fire

DOW-JONES Drowns In Sea Of Its Own Excrement

Stunned Fed Official (wiping brown slime from her eyes) comments: "Whoever thought those algos were flammable? The little fu**ers went up like Thermite bombs!"

kaa1016's picture

Look at the monthly SP-500 chart. Triple top going back to 2000.

ZeroAvatar's picture

Yup.  Next stop: Bargain Basement.


(Elevator's right over here......)

Irelevant's picture

Gold is a great asset in deflation/inflation. I don`t understand all this talk about deflation, gold is the best performing asset in deflation, as IT HAS NO COUNTER PARTY RISK!

Anyway deflation is a surreal scenario in our context.

FreeMktFisherMN's picture

Genius last line, Tyler. That 'invisible hand'is not quite what Adam smith meant.

nobusiness's picture

I've gotten my ass kick on the last 5 dips.  maybe this one will last more than 3 days?

Professor Fate's picture

As everyone knows, the "Bernank" is in a box. When the the GPU (Great POMO Unwind) begins, it may well be the SHTF moment of the last 100 years.  The 30 year at 8%+.  Markets down 40%.   

Fate the Magnificent

"Push the Button, Max"

nobusiness's picture

Almost 3:30 and time for Ben to scare the shorts out.  I don't know this one feels different

akarc's picture

fucking scared me into Faz soon as the mins came out.  Been saying gold is acting funky, oil acting funky. Remember 2008?

Of course tomorrow it will be different

Edward Fiatski's picture

Take profits, sit this one out. NY 3:30 PM is a very dangerous time period post-2008. :)

akarc's picture

correct as we can see. the fight is on.

akarc's picture

And at 3:53 I defer to your wisom sir so that we may live to fight another day.

fonzannoon's picture

we all get worked up over dow -90 pt days now? 

fuu's picture

People still get worked up over any of this? People seriously need hobbies.

Rick Blaine's picture

This is it!!!!!!!!!!