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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!

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, 

Tue, 05/13/2014 - 16:39 | 4756370 Squid Viscous
Squid Viscous's picture

everyone is waiting to hear outcome of the next Bezos spaceship launch, hence AMZN is at equilibrium?

Tue, 05/13/2014 - 16:41 | 4756377 JJdog
JJdog's picture

SEC said everything is fine! Keep the rigged stock market going. 

Tue, 05/13/2014 - 16:46 | 4756387 tommylicious
tommylicious's picture

Nanex = The Good Guys !  Support them!

Tue, 05/13/2014 - 16:47 | 4756388 John Law Lives
John Law Lives's picture

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

Bingo.  Since the incompetents in Washington DC don't know how to facilitate economic growth, they sit by and watch the Fed engage in QE and game the markets.  So much for fair and open price discovery.


Tue, 05/13/2014 - 16:48 | 4756391 hustler etiquette
hustler etiquette's picture

They got the markets by the balls

Tue, 05/13/2014 - 16:50 | 4756397 GS-DickinDaMuppets
GS-DickinDaMuppets's picture

WTF - I noticed CAT was on the crash list. SOMEONE please tell me how CATERPILLAR, with falling  earnings and record losing quarters for the past 5 quarters, is trading at $107+, up from ~ $85/share 6 months ago.  It must be Magic Unicorns making market traders wishes come true!  Yea, that's got to be what's happening.  You all don't think anyone is manipulating this you?  NAAAHH it can't be that...

Tue, 05/13/2014 - 17:09 | 4756454 BeerMe
BeerMe's picture

Inflation from easy money.

Tue, 05/13/2014 - 17:18 | 4756491 Bernoulli
Bernoulli's picture

I personally think it's awesome that CAT kept going up steadily.

If the markets crash, also CAT crashes and CAT put options are nice and cheap. :o)

Great bet.

Tue, 05/13/2014 - 18:00 | 4756591 AccreditedEYE
AccreditedEYE's picture

There are so many hedge funds that keep praying the general retail public feel this way.. You're feeding them.. If you weren't already aware. Were you already aware?

Tue, 05/13/2014 - 18:23 | 4756732 Bernoulli
Bernoulli's picture

So you say the "general retail public" (=me?) is buying out of the money put options which feed "so many hedge funds" and makes them money (?) because the risks they are taking by selling those put options to the general retail public are negligible (?) because they are at the same time buying the underlying stocks and stocks never fall anyways (?)


Tue, 05/13/2014 - 18:25 | 4756740 Bernoulli
Bernoulli's picture

... but of course: If they fall, "they never fall that fast" because in the past it has never happened?!?

Tue, 05/13/2014 - 18:32 | 4756773 AccreditedEYE
AccreditedEYE's picture

Keep pissing your $ away....

Tue, 05/13/2014 - 18:03 | 4756660 MountainsRoam
MountainsRoam's picture

I have been playing around with some CAT puts.. I like the June 21, 100.00 stike put, what are you betting on?

Tue, 05/13/2014 - 19:28 | 4756986 El Hosel
El Hosel's picture

"Manipulating" Haha, don't make me laugh my lips are chapped. Its fucking rigged.

Tue, 05/13/2014 - 16:50 | 4756401 Spungo
Spungo's picture

We would conclude there had to be a second algo

Tue, 05/13/2014 - 16:52 | 4756405 buzzsaw99
buzzsaw99's picture

NBR is a cesspool imo.

Tue, 05/13/2014 - 16:54 | 4756408 AdvancingTime
AdvancingTime's picture

 To say the market is rigged is an understatement. After over 30 years of trading commodities I will flat out state without any reservations that lies and manipulation run rampant. If you think anyone is looking out for the small independent trader you are wrong. 

An unholy alliance of the Federal Reserve, the government, and the too big to fail has left the rest of us in a precarious position. For the big boys, its insider information and computer trading, this includes computing patterns that exploit where stops are placed, this improves their ability to wash the weak out of their positions. More on this subject below,

Tue, 05/13/2014 - 16:58 | 4756421 Spungo
Spungo's picture

"SOMEONE please tell me how CATERPILLAR, with falling  earnings and record losing quarters for the past 5 quarters, is trading at $107+, up from ~ $85/share 6 months ago. "

It's all that cash on the balance sheet. People on the sidelines will jump in and rally the bull pop earnings beat off the lows. 

I think it's because people don't look at the price of anything. People assume that good companies always go up. It's inconcievable that a good company, a good product, or a good piece of real estate could be overpriced. Retard economists use the term "efficient markets" when trying to argue that nothing in the world is overpriced. $10 for a beer at the football game? It's not overpriced; it's an efficient market! Durrrr. This is why economists like Krugman write blogs for a living and people who actually understand the market are rich as fuck like Jim Rogers or Kyle Bass.

Tue, 05/13/2014 - 18:02 | 4756619 AccreditedEYE
AccreditedEYE's picture

Are they paying you to bait retail on here too? ZH posted a negative CAT story on here almost exactly 1year ago. The guy who wrote it was pounding the table to buy DJIA at the same time and into year-end. Go do some homework. Nothing is as it seems.

Thu, 05/15/2014 - 11:57 | 4762814 litemine
litemine's picture

They recieved their part of Tax Payers money thru the QE bailouts.  The "CAT" financial div., works like a Bank.

Tue, 05/13/2014 - 17:00 | 4756428 AdvancingTime
AdvancingTime's picture

For a long time I have been trying to develop a scenario for a market "super crash" and a reasonable map that would arrive at such a situation. Most investors think that even if things go downhill fast that they will be smart enough to get out of the markets. But what if it hits like the flash crash on steroids?

We know that can't happen because circuit breakers have been put in place to arrest panic style moves, but imagine a market that falls, trade is halted, and the market simply does not reopen for days, or even weeks. We have set up a house of cards based on debt and contagion is the cancer eating at the foundation. the article Flash Crash On Steroids can be found below.

Tue, 05/13/2014 - 17:26 | 4756511 MillionDollarBoner_
MillionDollarBoner_'s picture


Will u stop pimpin' ur ride?


Tue, 05/13/2014 - 17:14 | 4756470 rsnoble
rsnoble's picture

I'm fully convinced the clowns are just holding this together as long as possible to keep pressing forward with their bullshit agenda.  It will either fly apart and derail everything or..........they will keep it togehter long enough to where when it does fly apart it won't matter because one protest out of you and your DEAD.

Tue, 05/13/2014 - 17:15 | 4756474 Conax
Conax's picture


There is no market

only Zule.

Tue, 05/13/2014 - 17:30 | 4756525 buzzsaw99
buzzsaw99's picture

Oh, Zuulie, you nut, now c'mon. Just relax, c'mon.

Tue, 05/13/2014 - 17:40 | 4756558 drstrangelove73
drstrangelove73's picture

"many Shuvs and Zuuls knew what it was to be roasted in the depths of the Slor that day,I can tell you!"

Tue, 05/13/2014 - 17:52 | 4756602 Conax
Conax's picture

"Mr Tully we're going to need a brain sample."


Tue, 05/13/2014 - 17:20 | 4756495 mayhem_korner
mayhem_korner's picture



FLAT chart is a cue to stoke the choomwagon and crank up Fire on the Mountain.

oh wait...

Tue, 05/13/2014 - 17:22 | 4756499 NaiLib
NaiLib's picture

In a not so distant future we will understand that the "Father of all exploits", NSA, is behind and facilitating most of the rigging. The "market" is nothing more than a "Price Fixing Table" with the only purpose to "Keep the Masses Calm" and at the same time generate cash for diverse operations. Rmember NSA has access to practically every hard disk in the country.

Tue, 05/13/2014 - 17:33 | 4756526 CaptainSpaulding
CaptainSpaulding's picture

I am color blind. What is that gray sqiggly line on the Fiat chart?

Tue, 05/13/2014 - 17:55 | 4756613 Bioscale
Bioscale's picture


Tue, 05/13/2014 - 17:42 | 4756566 Seize Mars
Seize Mars's picture




Tue, 05/13/2014 - 21:25 | 4757381 dynomutt
dynomutt's picture

I think AOL is a front for the NSA these days.


I mean, why do they need so many Data Scientists???


Oh, and FUCK AOL, I hope that stock goes to zero.

Wed, 05/14/2014 - 07:40 | 4758212 BeetleBailey
BeetleBailey's picture






Wed, 05/14/2014 - 02:34 | 4758002 TheRideNeverEnds
TheRideNeverEnds's picture



Wake me up when the e-minis are limit down.  

Wed, 05/14/2014 - 08:09 | 4758249 CHX
CHX's picture

Looks like fair and honest new normal markets to me.

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