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It's 3:29:57 pm - Do You Know Where Your Massive "Send DJIA Green For 2014" Order Is?
Having lagged its higher-beta peers for over 3 months - unable to peek over the unchanged line year-to-date and staring blankly at its Transportation Index cousin - the Dow Jones Industrial Average has just traded into positive territory for the first time in 2014. Mission Accomplished? Wondering how it happened all of a sudden? Look no further than the volume spike at 3:29:57 in S&P 500 e-minis accompanies by the standard JPY ignition.
As if to prove all the HFT naysayers right, milliseconds before 3:30 pm - the traditional time when HFT algos come out and ramp stocks into the last half hour of the day, a massive E-mini order block slammed the tape, driven by a tremor in the USDJPY (and a VIX smash below 13), sending the DJIA green for the year in the most unriggedly of manners.
As for what catalyzed the move, here is Nanex:
15:29:57 - almost 10,000 eMini's in 2 seconds $ES_F $SPY
— Eric Scott Hunsader (@nanexllc) April 2, 2014
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Rigged.
Buying the dips has been working for years. Still works.
So easy a caveman can do it.
Phew......
For a minute there I thought we were gonna end in the red.
I missed buying the dip by 3 nanoseconds... grrr
Who are the bigger crooks?
The Fed, or the HFTs?
Boy that's a tough question!
Why would you think they represent different collectives?
FUCK CENTRAL BANKERS!!!
The people "left in charge by the people", never worked for the people. They are not comming to save you. Act accordingly.
THis is what happens when personal responsibility is outsourced. TM
Long camping trip....prepare wisely.
RIPS
god damn rght..say it with me...
DEATH TO THE MONEYCHANGERS...
any doubt now about these fraudulent fucking RIGGED MARKETS??????????????????????
Make mine a Biggie Mr bartender
this is Wall Street doing the printing...not the Fed.
The Fed only wants/wanted interest rates "at or near zero for an extended period."
The fact that doing this means "at or near zero economic recovery" in order get said policy goal seems to have been lost on them.
Whey this ended up meaning one of the greatest equity rally's in human history will be debated for a VERY long time.
To my knowledge only Chairman Bernanke and I have put forth the theory however...namely "Japan" (which invented QE) did not acted with sufficient "bazooka" when their markets collapsed in the late 1980's. And Treasury Secretary Paulson signed off on this "regime" as the way to go.
Given possible alternatives...well, obviously long equity has been a rock star. One should note however that GE is still off 60% percent from its all time highs...even though the equity market is hitting one new high after another. Easily the worst management team ever. Well, next to GM apparently. How that clown and his cronies still have their jobs is beyond me.
No..."war with Russia doesn't solve the problem either." Interesting that that's where they are going though.
Beyond you, they did it in the name of a jobs bill.
Pieces of shit are just laughing in our faces...
resistance is futile!
Not really. All that needs to happen is for all the traders to get a real job and let the algos devour themselves. Everyone keeps saying there is nothing we can do about the corruption, as each and every one is taking another bite from the apple. We got to walk away.
You fill up your 401, you're a trader, you have a pension fund, you're a trader. Unless you live under the radar, off the grid and out of the books, you have skin in the game. I agree with your sentiment, but it's impossible for us to unfuck ourselves. The Matrix has you, Neo.
The powers that be (or rather look away) will not do shit until the HFT boys start slamming the market down at 3:30. Rigging up is good, rigging down is treasonous.
Average sheeple: Tell me again why HFTs should bother me. My statements are always positive.
Exactly right. As long as the sheeps' retirement accounts are growing, they don't give a shit how, why, by whom, or for what reason.
You want to live in his house, sleep in his bed, drive his car down his streets, watch his television on his box, eat his food off his plate and then bitch when the devil takes his cut?
You didn't build that...
until they're not and oh yeah all that money will be worthless by the time people are intelligent enough to cash out and oops we collapsed the dollar....
Eminis must be tasty
Probably fat free too
Eat as many as you want
algo circle jerk...
Here you go:
WASHINGTON (MarketWatch) -- The first rate hike is not likely to be warranted until at least the last half of next year, Atlanta Fed President Dennis Lockhart said Wednesday.
I'm not hearing enough bubble. It needs more bubble.
I heard that in Christopher Walkin voice as intended
With smart people, one can be subtle.
ha ha joke
where is al-qaeda when you need'em...
They are attending a seminar with a certain alphabet letter agency located in Langley Virginia.
more likely at the pentagon...as usual
The desperation to pump these "markets" is so fucking obvious.
More like the desperation of shorts for them to fall.
Infinite Fed printed money goes somewhere. It goes into stocks.
This is nothing close to "investing"...it's manipulated betting...we're being manipulated and they're betting.
yup - that is why everyone should pull out, buy gold and wait for this crap to fall on their heads! https://www.youtube.com/watch?v=_F7bM63ZfWQ
same shit different day.
The Fed knows it can't really raise rates. It has to buy ever larger amounts of US debt.
Tapering is just a dog and pony show for the masses.
Obvious does not matter. It really is the Big Lie. The difference is that the only peeps with power / money to call a bluff are in on the con. They are reaping the greatest rewards.
It's the perfect con game really.
The peeps w/out money / power are on SNAP, getting their min wage raised, getting OB Care ... even if the sh-t doesn't work so well, hey, they're lookin out fer you little guy!
BTFD
That's what I'm talking about.
The fucking dip is relative. .05% is not a dip. 50%, now that is a dip. What so many are calling buying on the dip is really buying at the top, if you can read a graph anyway.
party like it's 1999 bitchez
BTFD or get squashed.....it's simple and rigged but play the game anyways. My NUGT calls today have made me a nice little profit.
You would think there would be a mega reaction but no just like government spying on it's citizens all you hear is crickets.
Largest volume all day, and then let it unwind over 3 points to give you the magical close nicely clear of SPX 1,890.
You truly hafta admire the absolute precision.
Ya monkeyhammer up, you monkeyhammer down.
"most unriggedly"
+1000 Splendiferous.
America the most corrupt, Rigged piece of shit in the world
Just like the Ed Snowman/Glenn Greenwald show to critically analyze whether the 4th Amendment, is really all that it is cracked up to be after 225 years… the NYSE/IEX Group "dream team" is about check the pulse of the American sheep to see if the pupils are fully dilated and catatonic for the next major John Holmes "bungholing"...
This read proves it.
Now for a thoughtful canned HFT honest vs. dishonest debate and the American people will show that they are still “wide asleep”, refreshed and ready for the next major event to send them on there way to NWO rapture!
I rest my case.
everyone go long /es now!!!! why? because you'll be BTFD for tomorrow's 3:30 ramp. FREE $$$
You know it’s bad when they have to start measuring Fed sponsored trade orders using the Richter scale.
Now we know what really caused that earthquake in LA.
The Fed has to keep everything pumped up by buying.
http://www.youtube.com/watch?v=eGPhUr-T6UM
Michael Lewis needs to write another book exposing this shit day after day
Why, it's up your ass with Vaseline of course!