Is There Anything Wrong With These Charts?

Tyler Durden's picture



By now it is clear to everyone that the market is rigged, manipulated and broken. But this rigged, manipulated and broken? Honestly, we don't know, hence our question: is this now "normal" or are these just the death throes of a  "market" busted beyond all repair?

AMZN stock trades in a 50c range for 4 hours after today's HFT hearing (following which nothing as usual will happen) ends, as if to make a statement..


FLAT (a Treasury Flattener ETF) offer went from $58 to $4000 in 5 seconds...


And then there's this...


As Nanex shows in great detail...

15:49:41 Flash Crash Event

On May 13, 2014 at 15:49:41, a dozen or more large cap stocks suddenly jumped or dropped in price. A few charts below.


All of the following completely unrelated and independens stocks had a flash crash or smash at exactly the same instant.

1. AOL.

2. CNQ.

3. LO.

4. NBR.

On May 13, 2014 at 15:49:41, at least 28 stocks suddenly jumped or dropped in price in what can only be viewed as a flash-crash (or smash).


Just remember: as long as the general direction of the market is up and to the right, nobody cares.

Here's all 28 stocks affected...

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Tue, 05/13/2014 - 16:21 | 4756298 Two Theives and...
Two Theives and a Liar's picture

Nothing to see here..move along Lumpen...isn't there a sports event on TV? Game of Thrones? Go back to sleeeeeeep....

Tue, 05/13/2014 - 16:39 | 4756369 NotApplicable
NotApplicable's picture

Kudos on sneaking a JFK joke in there.

Tue, 05/13/2014 - 16:48 | 4756392 JPM Hater001
JPM Hater001's picture

I would be interested in what happns if it moved up and to the right.

Tue, 05/13/2014 - 17:04 | 4756442 fonestar
fonestar's picture

Bitcoin is the answer and you know that for sure

Bitcoin is a flower you got to let it grow

Tue, 05/13/2014 - 17:23 | 4756504 walküre
walküre's picture

A dandelion for sure.

Poof. One blow and .... gone with the wind.

Tue, 05/13/2014 - 17:28 | 4756519 fonestar
fonestar's picture

Perhaps a venus fly trap swallowing dollar-based luddites?

Tue, 05/13/2014 - 17:34 | 4756543 Herd Redirectio...
Herd Redirection Committee's picture

I remember the discussions ZH had during the BTC Mania.  Many mentioned that massive 'mining' rigs would come along by Feb/March 2014.  And hey, what do you know?  When you are a 'miner', you aren't trying to sell it for 'more than I bought it for', or in future price appreciation, you are interested in recouping sunk costs ASAP.

Tue, 05/13/2014 - 18:24 | 4756736 Squid-puppets a...
Squid-puppets a-go-go's picture

the cost to mine it these days doesnt recover the cost of electricity to run the computer banks. So theyve moved on to litecoin and other mineable cryptos.

Bitcoins bubble is done, long live the next bitcoin

Tue, 05/13/2014 - 19:00 | 4756872 spine001
spine001's picture

Completely correct. And worst of all most hardware developers that promised more GHash per Kw have not yet delivered. But he complexity went up. Making even the not delivered promises already uneconomic. When the good guys computing power goes below the bad guys power, the very basis of the crypto protection of the bitcoin chain fails to deliver and the system breaks down. 


Tue, 05/13/2014 - 22:50 | 4757652 Amish Hacker
Amish Hacker's picture

Or they move to Iceland, home of cheap geothermal electricity and plenty of icy air to cool all those CPU's.

Tue, 05/13/2014 - 16:48 | 4756394 JPM Hater001
JPM Hater001's picture

I would be interested in what happns if it moved up and to the right.

Tue, 05/13/2014 - 19:25 | 4756972 max2205
max2205's picture

I saw amzn and thought....thats weird. ...not trading that. ...

Tue, 05/13/2014 - 17:04 | 4756441 McMolotov
McMolotov's picture

The Magic Loogie, back and to the left:

Tue, 05/13/2014 - 17:26 | 4756510 Renfield
Renfield's picture

(peanut gallery sez back and to the left is the same direction as up and to the right...)

Tue, 05/13/2014 - 17:33 | 4756536 mtndds
mtndds's picture

Phuck ya its rigged!

Wed, 05/14/2014 - 02:22 | 4757994 StychoKiller
Tue, 05/13/2014 - 16:22 | 4756299 Save_America1st
Save_America1st's picture

Johnny 5 is alive...but he's very sick

Tue, 05/13/2014 - 16:22 | 4756304 i_call_you_my_base
i_call_you_my_base's picture


Tue, 05/13/2014 - 16:22 | 4756303 Spungo
Spungo's picture

Sucks for the people who had trailing stops. Awesome for the people who had pending stink bids.

Tue, 05/13/2014 - 16:27 | 4756332 Rainman
Rainman's picture

like roulette, some bet on red and some on black.

Tue, 05/13/2014 - 16:40 | 4756374 LetThemEatRand
LetThemEatRand's picture

You're more likely to beat the house at roulette, and that's not saying much.

Tue, 05/13/2014 - 17:24 | 4756507 TeamDepends
TeamDepends's picture

Beat the house then haul ass.

Tue, 05/13/2014 - 17:33 | 4756537 Buckaroo Banzai
Buckaroo Banzai's picture

Only on single "0" wheels. Most American wheels are "0" + "00".

Tue, 05/13/2014 - 17:46 | 4756578 AccreditedEYE
AccreditedEYE's picture

And some bet on Zero Hedge & Nanex to do their job for them. God forbid they lift a finger to do anything on their own and piss off future employers. You people are pathetic. (SEC)

Tue, 05/13/2014 - 16:25 | 4756314 Spungo
Spungo's picture

I like how the indian stereotype character was actually a white guy in blackface. I'm dead serious. The guy's name is Fisher Stevens.

Tue, 05/13/2014 - 16:28 | 4756315 Der Wille Zur Macht
Der Wille Zur Macht's picture

Only companies engaged in useful commodities, namely oil, peaked. The rest sank. Hmmm...

Tue, 05/13/2014 - 16:25 | 4756318 Son of Captain Nemo
Son of Captain Nemo's picture



Tue, 05/13/2014 - 16:25 | 4756319 101 years and c...
101 years and counting's picture

and then one day there wont be a single bid within 10% of ask.  and a sell will go thru and suddenly a few more sells and then the system gets overrun with sells.  unless, of course, this time really is different.  ie, the bubble doesnt pop.

Tue, 05/13/2014 - 16:26 | 4756322 krispkritter
krispkritter's picture

If this was labled 'market porn', do you think that would make the SEC look at it?

Tue, 05/13/2014 - 17:54 | 4756595 geoffb
geoffb's picture

We could trick them into looking at the charts if we used the DOW Transports. AKA the Trannys. ;)

Tue, 05/13/2014 - 19:27 | 4756981 max2205
max2205's picture

What no bonus chart?!

Tue, 05/13/2014 - 16:26 | 4756326 ebworthen
ebworthen's picture

The algos are flash crashing some big stocks as a warning that if CONgress tries to fiddle with the ongoing festivities there will be a cost.

Tue, 05/13/2014 - 16:27 | 4756328 dirtyfiles
dirtyfiles's picture

some stocks are flash crash allowed and some not

check with your central planner before investing

Tue, 05/13/2014 - 16:28 | 4756333 GreatUncle
GreatUncle's picture

In a world of fiat when al value is created nothing can be considered not manipulated.


You should never play poker with anybody who can create fiat and stays blind you can never call them no matter how much you have "it will never be enough".

Tue, 05/13/2014 - 16:29 | 4756334 Took Red Pill
Took Red Pill's picture

somebody made some $$$ today

Tue, 05/13/2014 - 16:29 | 4756338 Spungo
Spungo's picture

Start an internet company called Child then we could call it Child porn and the FBI would look at it. 

Tue, 05/13/2014 - 16:30 | 4756341 Dr. Engali
Dr. Engali's picture

When this market finally vaporizes it will look like the AOL chart except there won't be a rebound. There will be millions of slack jawed E-Trade babies looking at their monitors wondering WTF just happened.

Tue, 05/13/2014 - 16:42 | 4756379 El Hosel
El Hosel's picture

..... This is what happens when the "rig" is up.

Tue, 05/13/2014 - 17:14 | 4756469 Bernoulli
Bernoulli's picture

Ho Li Fuk!

Minus 40 fucking percent in one trading day because of "lacklustre results" were reported?



Tue, 05/13/2014 - 16:30 | 4756343 you enjoy myself
you enjoy myself's picture

i'm sure if you saw the millisecond chart on AMZN there's some gorgeous fractal patterns in there.   likely caused by retail demand.

Tue, 05/13/2014 - 16:40 | 4756373 El Hosel
El Hosel's picture

In your face rigging, for all to see.... To question whether or not  "the Market" is rigged is insulting and rhetorical.

Tue, 05/13/2014 - 16:42 | 4756378 Dr. Engali
Dr. Engali's picture

I think you meant to say: likely caused by retard demand.

Tue, 05/13/2014 - 16:33 | 4756354 Al Capowned
Al Capowned's picture

Warren G No Regulators,

CTFC , SEC , FSA , FINRA we don’t regulate any stealing of people’s property and we damn corrupt too, 

But you can't be any geek off the street, gotta be in the City of London , Wall street club if you know what I mean, earn your keep!


Financial REGULATORS do ‘f’ all, Mount up,

Tue, 05/13/2014 - 17:01 | 4756431 pods
pods's picture

Sixteen in the clip and one in the hole............

Tue, 05/13/2014 - 17:43 | 4756567 THX 1178
THX 1178's picture

HFT is about to make some muppets turn cold....

Tue, 05/13/2014 - 19:39 | 4757036 Al Capowned
Al Capowned's picture

Seventeen trillion in debt and only one in the vault,

Fractional reserve banking is about to make the markets turn cold,


The markets look like droppin and Cramer’s yellin but it's a tad bit late, Bitcoin and the Blockchain, have to regulate.

Tue, 05/13/2014 - 16:34 | 4756355 infinity8
infinity8's picture

To my eyes, there's been a lot of bad static along the lines of the 1st chart for a while now.

Tue, 05/13/2014 - 16:36 | 4756357 DOGGONE
DOGGONE's picture

Manipulated Markets MARKED

Tue, 05/13/2014 - 16:38 | 4756366 Al Capowned
Al Capowned's picture

If you know the markets like I know , you don't wanna partake in this,

It's the Ben Bernanke era and he's messin round with Operation Twist,

If you smoke like Ben smokes and your high on hopium everyday,


All I can say is get your PM's and expect QE to infinitayy, 

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