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Slammed

Tyler Durden's picture





 

At 13:19:58, in a brief 1 second interval, it appears someone (or thing) decided it was time to slam $138mm notional to work with no consequence for market impact or cost basis. 15,700 S&P 500 e-mini contracts surged through in that second, running all the stops above the highs of the day to test up to the highs from Monday (pre-election). Meanwhile, FX and Treasury markets are not at all enthused... but whetever it takes to get the Dow to all-time highs...

NMS Stock trades priced below $240 color coded by exchange via Nanex.

ES depth (or complete lack thereof) chart also via Nanex.

 

S&P 500 futures (volume came on stop-run above yesterday's highs)...

 

Bonds don't care...

 

FX doesn't care...

 

Charts: Bloomberg

 


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Thu, 02/28/2013 - 14:55 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Kevin Henry'd.

When fiat's for nothing (free), the sky's the limit on CRM or PCLN.

Thu, 02/28/2013 - 15:07 | Link to Comment Cdad
Cdad's picture

Even the Great Santelli seems to have been given his BlowHorn [CNBC] marching orders to prepare the golf clap...consequences be damned.  Just need the "venerable" Art Cashin' to say "buy e'm" to complete the 6 sigma move to never before seen low credibility levels on Wall Street.

The time to finally....finally sell CMCSA is very close.

Thu, 02/28/2013 - 15:57 | Link to Comment Zap Powerz
Zap Powerz's picture

The machines have become self aware.  Were fucked.

Thu, 02/28/2013 - 15:09 | Link to Comment GolfHatesMe
GolfHatesMe's picture

Kevin is the new Adam Smith

Thu, 02/28/2013 - 17:10 | Link to Comment TruthInSunshine
TruthInSunshine's picture

"The Wealth of Yellens"

Thu, 02/28/2013 - 15:12 | Link to Comment tickhound
tickhound's picture

No sacrifice the natives make to the alter of PONZI is in vain.  New highs will bring the rains, provide bountiful harvests, bring victory on the battlefield, and allow us to build more monuments in his glory.

Ben is a Holy Man.  He maketh the good medicine.  PONZI is pleased. 

Have faith, followers.  PONZI rewards only the true believers.  If stuff is what you require, stuff is what you shall receive. 

In his name we pray.

Thu, 02/28/2013 - 15:48 | Link to Comment Ham-bone
Ham-bone's picture

I wonder if this was done so visibly to clearly show that this is now support, this 1522 is the new floor that will be defended...have no fear???

Otherwise, "somebody" just top ticked a whole lotta SPY?

Thu, 02/28/2013 - 14:54 | Link to Comment DaveyJones
DaveyJones's picture

I think that's a good idea to start calling them "things" and not "people"

Thu, 02/28/2013 - 15:03 | Link to Comment THX 1178
THX 1178's picture

I don't know seems like... like they're becoming aware.

Thu, 02/28/2013 - 16:02 | Link to Comment Fidel Sarcastro
Fidel Sarcastro's picture

Yeah, here it is in another form --->chart2

Thu, 02/28/2013 - 16:13 | Link to Comment francis_sawyer
francis_sawyer's picture

Nice to know that the 'noble gases' are absolved from any wrongdoing...

Thu, 02/28/2013 - 16:32 | Link to Comment Edward Fiatski
Edward Fiatski's picture

LOL

Thu, 02/28/2013 - 14:54 | Link to Comment Lost Wages
Lost Wages's picture

I also don't care.

Thu, 02/28/2013 - 14:58 | Link to Comment Cdad
Cdad's picture

If you are one of the majority outside of the criminal syndicate known as Wall Street, you don't care.  Americans have not cared about the market for years...which is exactly why it is the centerpiece Ben Bernanke's giant policy tool.

But watch the other "tools" on The BlowHorn [CNBC] today.  Shortly, they will all show you just how much regard they have for you...and the currency you use to buy food and gasoline...which they are destroying so that they can all golf clap at some point today.

Surreal. 

Thu, 02/28/2013 - 15:09 | Link to Comment scatterbrains
scatterbrains's picture

poor working folks need to realize that the price of these bankster cock suckers pushing their stock holdings higher comes directly straight out of their poor broke ass pockets.

Thu, 02/28/2013 - 15:44 | Link to Comment ebworthen
ebworthen's picture

Agree

The CNBC "countdown to the top of the markets" is nausea inspiring.

The hysteria, the belief that it means something, the complete lack of understanding of how tragic it is...surreal indeed.

Thu, 02/28/2013 - 15:02 | Link to Comment aint no fortuna...
aint no fortunate son's picture

It was Dimon. He's fuckin rich, dontcha know?

Thu, 02/28/2013 - 14:55 | Link to Comment Downtoolong
Downtoolong's picture

Because, who needs liquidity when you are the liquidity.

Thu, 02/28/2013 - 14:55 | Link to Comment gbresnahan
gbresnahan's picture

all time highs = best times to short.

Thu, 02/28/2013 - 15:05 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

This will be an all time high, followed by more all time highs.  As $85B a month is coming into the markets, it has to go SOMEWHERE.  This bitch will bite your balls off if you short it. 

Thu, 02/28/2013 - 15:12 | Link to Comment SillySalesmanQu...
SillySalesmanQuestion's picture

The invisible sign still hangs over the entrance of every major exchange

   NO SHORTING ALLOWED...EVER!!!

                                                   BY ORDER OF JAMIE AND LLOYD

Thu, 02/28/2013 - 15:20 | Link to Comment Mark123
Mark123's picture

I hear what you say....however, somewhere in this world (perhaps China and Germany?) who will push back.  We won't hear about it, but don't think the Fed cartel can do whatever it wants. 

 

Just think how long it took China to amass its US treasury hoard, and the price it paid.  It took the Fed nothing to become "wealthier" by making an entry in a computer system....

Thu, 02/28/2013 - 16:14 | Link to Comment Harbanger
Harbanger's picture

"all time highs = best times to short."

You may be right. They usually short the market right after everyone is all in.

Thu, 02/28/2013 - 14:55 | Link to Comment IridiumRebel
IridiumRebel's picture

Bonds don't give a shit........

O/T: Went over to see what thh fuckheads at HuffPo were saying to all of this, you cannot even log in to comment. Fuck that site. I'll waste more time here.

Thu, 02/28/2013 - 14:57 | Link to Comment slaughterer
slaughterer's picture

Once again, my short SPY/long PM portfolio is fucked, I mean, Kevin Henry'ed.   This 20something Cgrade intern from Rutgers is now a temp master of the universe.

Thu, 02/28/2013 - 14:59 | Link to Comment michigan independant
michigan independant's picture

Sorry to hear that and thanks for being candid.

Thu, 02/28/2013 - 15:02 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Never begin to short until the spinal cord snaps.

The sound is quite distinctive. You have to hang 'em high.

Thu, 02/28/2013 - 21:23 | Link to Comment Jay Gould Esq.
Jay Gould Esq.'s picture

Indeed. Nothing quite as "resonant" as a hemp cravat.

Thu, 02/28/2013 - 14:59 | Link to Comment fuu
fuu's picture

We're all in the afterlife now as we died on Wednesday.

Thu, 02/28/2013 - 15:27 | Link to Comment lemonobrien
lemonobrien's picture

i love the philosophical side of the monkey.

Thu, 02/28/2013 - 15:00 | Link to Comment Cursive
Cursive's picture

@slaughterer

Boy Genious twentysomething, punk'd out bitch at thirtysomething.

Thu, 02/28/2013 - 15:00 | Link to Comment fonzannoon
fonzannoon's picture

slaughterer come on you know you are long spy and short pm's. It's cool. That is probably the way to go. Just make sure you get out of the way in time.

Thu, 02/28/2013 - 15:06 | Link to Comment slaughterer
slaughterer's picture

Fuck no, I am uncool, contrarian, ZHindoctrinated.  (LOng PM, short SPY)  (Sorry to all the kids on ZH, but you got to be able to swallow ZH with a little bit of Xrated swearing from the ZHbots.).  

Thu, 02/28/2013 - 15:09 | Link to Comment fonzannoon
fonzannoon's picture

I would not sweat it. The bernak and obummer said the sequester will hurt, and so it shall.

Thu, 02/28/2013 - 15:10 | Link to Comment francis_sawyer
francis_sawyer's picture

the only winning move is not to play

Thu, 02/28/2013 - 15:53 | Link to Comment PartysOver
PartysOver's picture

Hmmm, and I thought the only winning move was to be delusional in understanding Obamanomics and Uncle Ben's policy.  

We are living in a yellow submarine, yellow submarine...............

Fri, 03/01/2013 - 03:27 | Link to Comment StychoKiller
StychoKiller's picture

"Quick, someone push a trading button..."

Thu, 02/28/2013 - 19:44 | Link to Comment optimator
optimator's picture

Unless you're the FED or the Banksters and it's your (marked) deck.

Thu, 02/28/2013 - 14:56 | Link to Comment nobusiness
nobusiness's picture

I care, I short this piece of shit and as usual am getting killed by fed cash.

Thu, 02/28/2013 - 14:57 | Link to Comment mdtrader
mdtrader's picture

By the time the FED is finished everybody will be broke.

Thu, 02/28/2013 - 15:56 | Link to Comment venturen
venturen's picture

But we will all be millionaires....just like Zimbabwe

Thu, 02/28/2013 - 16:37 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

Quadrillionaires.  Ironic, no?

Thu, 02/28/2013 - 19:43 | Link to Comment optimator
optimator's picture

An exact repeat of the Weimar Mark.  When they tell you the Mark was made worthless, they never tell you that the Gold Mark became worth a foture by comparison.

Thu, 02/28/2013 - 14:57 | Link to Comment Cursive
Cursive's picture

Amazing.  Think of the virtual kinetic energy that is being stored in this rubberband of a market rally.

Thu, 02/28/2013 - 14:58 | Link to Comment mac768
mac768's picture

The market got bernanket again....

grace of the trillions fabricated out of thin air by the FED

Thu, 02/28/2013 - 14:58 | Link to Comment Racer
Racer's picture

If it's not your money that you gamble with (but keep the profits and not experience any losses) you don't give a $h1t about price

Thu, 02/28/2013 - 14:59 | Link to Comment Jason T
Jason T's picture

to infinity....and beyond!

Thu, 02/28/2013 - 14:59 | Link to Comment Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

Someone with advance knowledge of a deal done on the sequester?

Thu, 02/28/2013 - 15:07 | Link to Comment vote_libertaria...
vote_libertarian_party's picture

Haven't you heard?  Tomorrow the prez will meet with the congressional leaders around the big meeting table, smile for the cameras and pledge they are working really hard to fix the sequester/budget mess.

 

Isn't that the same thing as fixing the problem?

Thu, 02/28/2013 - 15:47 | Link to Comment ebworthen
ebworthen's picture

"Top people" working on it, just as soon as they find the Ark of the Covenant.

Thu, 02/28/2013 - 16:00 | Link to Comment knukles
knukles's picture

Are the "Top People" gay, too, or is my mind wandering off to unassociated topics what with the Sequester fatigue now meeting up with the Fiscal Cliff fatigue, Meteor fatigue, Mayan Calendar fatigue, Global Whateverthefuck fatigue, the Water Fatigue and Carbon Capture fatigue, not to mention the Obamadontcare fatigue and Viagra and Sex Toy Adds on the telly fatigue, and not to forget That's Racist fatigue?

Thu, 02/28/2013 - 17:26 | Link to Comment ebworthen
ebworthen's picture

Could be the "top" people or the "bottom" people, or the two guys the housewife fantasizes about coming to her door to "clean her pipes" with "deep impact" Liquid Plumber. 

It's probably Sodom and Gomorrah fatigue.

Thu, 02/28/2013 - 14:59 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Behold the new normal.

<We ain't seen nuttin' yet boys and girls.>

Thu, 02/28/2013 - 15:31 | Link to Comment ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

I sometimes wonder if action like what is described above (along with last weeks daily gold/silver comex open beatdowns) isn't being done partially to let you and I know who runs bartertown. 

Obviously running the markets is and end in itself and a money maker for those doing it, but I bet they think a lot about the psychological impact they have on the kind of people who read blogs like this one.

 

As one of Bush's senior advisors said:

 

''We're an empire now, and when we act, we create our own reality. And while you're studying that reality -- judiciously, as you will -- we'll act again, creating other new realities, which you can study too, and that's how things will sort out. We're history's actors . . . and you, all of you, will be left to just study what we do.''

Thu, 02/28/2013 - 15:03 | Link to Comment slaughterer
slaughterer's picture

Algo run through the above-market bid-book at its thinnest and least resistant moment--the Bernanke/KevinHenry strategy.  Where is GS in all this?  Oh, alongside KH, I guess.

Thu, 02/28/2013 - 15:21 | Link to Comment EclecticParrot
EclecticParrot's picture

Yeah, this is why, however much I might be tempted, I force myself to stay out of the market from about 12:30 to 2:10 (though 12:30 continuation moves can often be followed profitably to around 1:00), as this is the time when much chicanery, hedge unwinding, and other mischief seems to occur, and even if you get lucky, a tall, bayonet-wicked candle is only a bar away from piercing you.

Thu, 02/28/2013 - 15:06 | Link to Comment Boston
Boston's picture

Meanwhile, silver and gold are getting slammed.

Good.

My orders are entered: 1550 and 28, respectively.

Thu, 02/28/2013 - 15:07 | Link to Comment slaughterer
slaughterer's picture

Dude, wait for 27-26, that is where we all average down.  

Thu, 02/28/2013 - 15:19 | Link to Comment Boston
Boston's picture

No worries.

I'll buy at 26-27 too, AND a lot more than I buy at 28.

Thu, 02/28/2013 - 15:31 | Link to Comment CPL
CPL's picture

But buying real, untampered with silver for that price will be tricky.  Physical hands are steady.  Paper is weak.  The day you want to buy again is when the x3ETF Silver Bull is about a buck away from collapsing to zero.

 

It'll be chow time for hogs.

Thu, 02/28/2013 - 15:09 | Link to Comment mckee
mckee's picture

Dow to all-time highs

So if I invested $100 in 2007 I’d have $100 now. But in 2007 I could have bought 35 gallons of gas with that $100 compared to 25 gallons now. WINNING!

 

Thu, 02/28/2013 - 15:09 | Link to Comment jomama
jomama's picture

why the fuss?  seems like organic and normal trading behaviour to me.

Thu, 02/28/2013 - 15:10 | Link to Comment economessed
economessed's picture

It's not a market.  It's a crime scene.

Thu, 02/28/2013 - 15:37 | Link to Comment Michelle
Michelle's picture

+1T

Thu, 02/28/2013 - 15:11 | Link to Comment UnRealized Reality
UnRealized Reality's picture

WOW, I guess when you cherry pick you can spin it into anything. At the 9:30 open there was 52,228 contracts traded in 5 mins.

What should we make of that????????  I'd be happy to post my own chart to show this. I guess when the dogma is everything goes to zero except Gold would surprise you. S&P and Dow NEW ALL TIME HIGH by tomorrow. You guys better take your prozac in a hurry, LOL, LOL.

Thu, 02/28/2013 - 15:12 | Link to Comment Hongcha
Hongcha's picture

What's in the quiver after the sequester handshake and 153 SPY?

Thu, 02/28/2013 - 15:13 | Link to Comment thismarketisrigged
thismarketisrigged's picture

its truly amazing how we go from a flat day to possibly being above triple digits today on no positive news.

 

even if u want to say the chicago pmi was good, the gdp was 3x as bad, so if anything we should be down.

 

i just laugh at this shit now and i am patiently waiting for the day blankfein, dimon, bernanke, and obama are prosecuted for this ponzi scheme.

 

fuck them all, these fucking bastards

Thu, 02/28/2013 - 15:30 | Link to Comment El Hosel
El Hosel's picture

.. No news? The news is Beranke said it AGAIN buy stocks, QE is on and staying on until it blows up the Financial system, again. If you won't buy them he will.

Thu, 02/28/2013 - 15:35 | Link to Comment CPL
CPL's picture

You should see Canadian news, it's all RRSP deadlines, appearently between gas and food, Canadians aren't saving anymore or filing tax forms (they haven't worked or taxes are deducted at source on a lower income so refunds are thin or non existent.)

 

It'll pop like Greece did.

Thu, 02/28/2013 - 15:14 | Link to Comment mdtrader
mdtrader's picture

It's hard to believe the SPX fell over 40 points from 1525 just the other day.

Thu, 02/28/2013 - 15:20 | Link to Comment El Hosel
El Hosel's picture

Bernanke painting a Masterpiece... Dow theory breakout for all to see, yesterday the Trains and Planes, today the Blue Chips breakout... Extreme rhino horn turbo-pomo rally. Shorts on a Big Fat Horn.

Now put all the blame on the Republicans if  they blow it wide open with their silly budget talk.?

Thu, 02/28/2013 - 15:15 | Link to Comment sixbilliondollarman
sixbilliondollarman's picture

DOW SCAM RUN UP PRINT MONEY BULLSHIT SLAM GOLD & SILVER [YET CAN'T BUY IT UNLESS LARGE LOTS @ MUCH HIGHER PRICES THEN SPOT]

= SPOT PRICE METALS DISCONNECTED FROM REAL PHYSICAL SUPPLY PRICE.

 

=  DOW JONES PUMP= DESTITUTE AMERICAN'S NO JOBS DETROIT EVERYWHERE

 

= MEGA MOTHER OF GOD CRASH = SELL WITH BOTH HANDS

 

GRAB DICK JUMP SHORT @ 3000 FEET & ATTACH BY KEEP SELLING FULL SIZE DOW FUTURE CONTRACTS

 

= SURVIVE & THRIVE!

 

YEAH!!!!!

http://www.youtube.com/watch?v=ByT0FErPgfQ

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thu, 02/28/2013 - 15:16 | Link to Comment scatterbrains
scatterbrains's picture

I don't know I see niggas dumping Spy right now.

Thu, 02/28/2013 - 15:17 | Link to Comment slaughterer
slaughterer's picture

Evem JCP is up off its Pisani lows.  What a stupid, stupid BTFD day.  

Thu, 02/28/2013 - 15:41 | Link to Comment Mark123
Mark123's picture

Groupon should end the day green!!!  Hurray!!!!!!!!!!!!!!!!!!!

 

Thu, 02/28/2013 - 15:23 | Link to Comment Edward Fiatski
Edward Fiatski's picture

FX not buying.

This can become undone very fast, very hard. Buttplug your aynus for leakage, if you're staying in over the weekend.

Thu, 02/28/2013 - 15:23 | Link to Comment Hongcha
Hongcha's picture

All-time highs to go with the crossed-arms handshakes tomorrow.

The WH has to know there is nothing left but the morphine drip.

Thu, 02/28/2013 - 15:23 | Link to Comment UnRealized Reality
UnRealized Reality's picture

This is what happens when all you loser Goldbugs get for all the bullshit surrounding Gold. Gold is an assest and should be climbing along with the Dow and SPX, but noooo, you guys got to insist and brainwash everyone that Gold is money, well this is what happens. Open your damn eyes and stop this bullshit!!!

 

Thu, 02/28/2013 - 15:24 | Link to Comment css1971
css1971's picture

Anyone got a recent historical chart of real volatitily? I'm thinking we're on an up swing.

Thu, 02/28/2013 - 15:31 | Link to Comment Bastiat
Bastiat's picture

Stocks good, gold bad;  stocks good, gold bad; stocks good, gold bad.

Thu, 02/28/2013 - 15:37 | Link to Comment orangegeek
orangegeek's picture

US Dollar keeps climbing (Euro, JPY, GBP, CDN are tanking).

PMs priced in USD should continue falling.

But this market priced in USD - now that's interesting.

Forex vs equities - let's see who's left standing.

Thu, 02/28/2013 - 15:55 | Link to Comment Quinvarius
Quinvarius's picture

I have never seen a more clear cut bottom in metals.  You are friggin nuts to look at that market and not go bananas buying.  As for FOREX, that is not a market.  It doesn't mean anything.  Prices are where central bankers decide they should go.  The USD has been in the same trading range for 8 years.  You think that is actual market forces?

Thu, 02/28/2013 - 15:39 | Link to Comment Mark123
Mark123's picture

this manipulation is great...it is like 10 thousand people show up at one McDonald's restaurant at 12:34pm one day and nobody questions the co-incidence.

 

Thank God we have regulators.

Thu, 02/28/2013 - 15:39 | Link to Comment Clowns on Acid
Clowns on Acid's picture

The grip of fascism is moving sloly buy surely....a few dips here and there just to keep the illusion....but make no mistake there are deep, money printing pockets behind the grind higher.

It will not stop un6til it is stopped by external forces, and those forces ain't in Europe or Japan.

Thu, 02/28/2013 - 15:43 | Link to Comment Richard Head
Richard Head's picture

The chairman has gotten to work!

Thu, 02/28/2013 - 15:49 | Link to Comment q99x2
q99x2's picture

One of those dots was my mother's discontinued social security perscription drug medications that the Bernanke gave to the NWO banksters.

Thu, 02/28/2013 - 15:49 | Link to Comment medium giraffe
medium giraffe's picture

Yeah, no sympathy move from the euro on that one.  Troubling...

Thu, 02/28/2013 - 17:04 | Link to Comment helping_friendl...
helping_friendly_book's picture

snp crashing.

I haven't seen a finish like that.....ever?

wtf?

The last 12 minutes it tanked hard.

That was a sanctioned freefall.

tomorrow should be interesting.

might buy some spxu ah.

Thu, 02/28/2013 - 20:25 | Link to Comment W74
W74's picture

The Algos have simply figured out ways to trigger other algos into doing their bidding.  So to make an analogy, not only is there no one piloting this helicoptor it's as if someone figured out how to get the chopper to fire off it's chaff right before the guys on the groud fire the missiles off.  Multiply speed by x1000 of course.

Thu, 02/28/2013 - 21:44 | Link to Comment MachineMan
MachineMan's picture

I am sorry, that was my trade.  I only wanted trade 157 contracts but my Excel macro based trading platform accidently added 2 zeros.  Sorry for the inconvience...

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