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Berserk, Broken Rampathon Algo "Buys" The S&P At 2,130
4 seconds before the close, one super-bullish algorithm exuberantly bought a massive $200 million worth of the S&P 500 ETF up to a 2,130 level on the index in one second... and no - it was not a fat finger!! It was 1,147 trades! Now who do we know that is an 'expert' in ETF trading?
With 4 seconds to go in today's "market" day-session, this happened:
Source: NanexLLC
$SPY ex-div tomorrow - did it play a role? Will they bust those trades before options close. tick.tick.tick.
— Eric Scott Hunsader (@nanexllc) December 18, 2014
Each dot is a stock trade. Notice the $SPY column of trades all the way up 3% pic.twitter.com/NbmJfTibJv
— Eric Scott Hunsader (@nanexllc) December 18, 2014
$SPY spike wasn't 1 trade. Or 10, or 100. It was 1,147 trades (610K shares): pic.twitter.com/WpNQsnVJyh
— Eric Scott Hunsader (@nanexllc) December 18, 2014
There's only one man "expert" enough in the use of ETFs to handle a job like that. From his profile (link):
But have no fear... those trades will be DK'd asap.
- NASDAQ ISSUES E-MAILED STATEMENT ON 'SPY' TRADES
- POTENTIALLY ERRONEOUS `SPY' TRANSACTIONS BEING PROBED
- TRANSACTIONS WERE EXECUTED BETWEEN 15:59:00-16:00:00 ET
Or maybe not: ALL TRADES IN 'SPY' WILL STAND
Probably because the Fed is willing to "eat" the losses rather than explain why it buys SPY, via Citadel, on DirectEdge.
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Rational, considering this - ahem - market.
If it was GS, we'll have a do over, if not.....another small firm out of business tomorrow
Probably somebody connected with Tickmill
Good that I got a good glance of Kevin Henry's mug on LinkedIn (thx Tyler)...Now when this house of cards comes crashing down, if I see this fucker in the public, for every point that he helped bid up in the S&P500, I will give him a good one in his face.
HFT shotgun blasting away in a small room, baseball bat beating on a city street...semms fair to me... :-)
Was that trade possibly designed to pressure short coverings?
Clearly a manipulative move given the derivatives expiry tomorrow at the open.
And the SEC has nothing to say....
What a sad joke.
marsellus wallace will take care of that SPY manipulation with some hard pipe hitting nggas to go to work on the holmes here. Put the gimp on his woman while he does that.
Someone fire that manipulating little whore over there. In 5 years he'll be giving an interview on TV during a documentary on how the fed "accidentally" brought down the financial system and he'll be almost in tears saying "I thought I was doing good, I thought I was helping America, they told me to do it, but I don't remember who actually told me to do things like spend $200 mil in 1 second buying the top of the market, I'm sorrrrrryyyyyyyy (cue the tear)" and cut.
Note this though, he'll be thrown under the bus A.S.A.P. if shit does hit the fan and the fed is anywhere close to blame. The middle guy without any pull always gets thrown to the wolves.
Kevin had to call some folks.
So they're out of the money for a day and a half, big fucking deal. By Wednesday of next week they'll be deep in the black and laughing all the way to the bank.
All it'd take would be a little over a 1% increase. maybe they wanted to buy a big amount and the only way to do othat was pay more. No biggie if you've got many billions to play with.
His name was Janet Yellen.
She likely has a massive penis.
Who is on top
Yellen or Hillary?
Hillary. Just sayin', the bitch has balls. But I can picture Yellen in one of them leather outfits with a whip, probably riding Greenspan, to the tune "Private Dancer".
Thanks a lot. I was already feeling a little naseous and you just pushed me over the edge.
Once again out comes the brain bleach to get that image out of my head.
like moths to a flame
No point shorting the pig. Disgust and contempt are free.
"like moths to a flame"
Likely Behemoths to blame.
Fixed.
We REALLY REALLY REALLY need to audit the Fed.
That my friend Gringo will never happen until the tribe is not in charge ( by then you wont need to audit)
No problem. However, all internal e mails have been erased for some reason. All paper records were destroyed in a tragic blimp accident. Here are the keys...knock yourself out.
Seems to me like the FED needs a good HACK job. How about it N. Korea?
Buy high, sell low - especially when taxpayers are on the hook.
At least we know the number the algos are targeting by year end on the S&P
So has it been written, so it shall be..
bingo -- traders mark, see them often, normally not this brazen. there are no cops ladies and gentlemen.
aka the Yellen boner algo. Jeeeezus what the fuck?
If this was someone that TPTB (i.e. Goldman) care about (e.g. Goldman), perhaps the trades will be nullified. Otherwise, too bad.
With taxpayers now backstopping everything, why stop buying @ $200 million?
I don't want to backstop this one, this looks like a stupid trade.
I decline.
Nobody asked you what you want, now open your fucking wallet. Maybe there's a cool new app for your smart phone that will take some of the sting away.
The sneaky thing about debasing the currency by counterfeiting is that they don't need to get anyone to open their wallets.
Sorry, you only have choices in a free country.
What does that algo know that we don't know ?
maybe got wind of another euro central bank about to go NIRP?
.
It knows it has infinite money in its account and you don't
Fantastic! If the market cannot go down the 80% it deserves to go down, then just jam it to the moon, that is almost as good. Either way the farce is revealed.
Great name.
Who cares those shares will be in the money in a couple days at this rate
It's the BTFD scenario. Been true for more 5 years.
The Federal Reserve has to keep juicing the market.
Technically, isn't the Fed in the "Buy The Fucking Everything" market these days?
They never buy Gold
Duly noted.
Gold is doing well considering all the static. Soon?
Gold Bitchez....I pick up pennies
And with $Amerika due for a stumble, maybe has some legs.
BTFYB "Buy The Fucking Yellen Boner"
Q: What new chapter is S&P forecasting for the American Economy? A: Chapter 11 Q: Why did the man think he saw a ghost on Halloween? A: A kid dressed up as a 401 (K) Q: Why does President Obama think its good that gas prices have fallen? A: Because now people can afford to drive the cars they're living in!it's a big club and you ain't in it
Efficient markets. Move along.
Thanks for posting this...it provides visual evidence to a text I sent out just after the close that read: "I went short UNP near the close, covered for a small gain(.10) shortly before the pump monkeys came in looking to ass rape any shorts they could get their filthy hands on." These markets are soooo broken.
complement of GS oops I mean New York Fed employees
It's a big Club and You ain't in it
WTF?
Also thanks for posting, I thought FreeStockCharts.com had fucked up again, and I would need to move to ProhibitivelyExpensiveStockCharts.com
WooHoo!!
The End is drawing nigh.
Inch by inch, step by step... until it all just comes tumbling down. Cancha hear the whistle blowing?
Big up days then bigger down days.
Woohoo!!
That's a signal for the top.
I really can't explain days like today or yesterday.
Never shorted the market nor do I have any sympathy for those that do but with oil markets collapsing, interest rates going higher and the dollar soaring the only explanation I've come up with is Space Aliens.
Perhaps Lizard Men as well....
Diasabled Vet, you know there are no markets, only interventions. Once you start a ponzi, there ain't no getting out until it fails. We are just impatiently waiting for the great fall. It will come....see to your preparations, sit back and as Disney's Duck hypnotist put it, "watch de watch, watch the watch....."
t's a big club and you ain't in it
Disabled Vet, if you really want to understand what is going on, you need to read "A New Kind of Science" by Wolfgang. It will show you what happens with very simple systems when oyu start f.. around with them trying to manipulate them. They don't like it and they end up oscillating. The amplitude of the oscillations grows as the system becomes more and more unstable.
By having created 4 trillion out of thin air, plus god only knows how much more through foreign banks that we don't know about, they have created a mass of money incredibly large, so large that our brains can't comprehend the size of the problem. This mass is now supported by a very thin pole and it has started oscillating to both sides:
Side 1) Hyperinflation and growth
Side 2) Depression and stagnation
In the middle you have inflation and stagnation, which is where we are most of the time. They are trying to move this huge mass to Side 1), by increasing the amount of mass they hang on the pendulum. It won't work, sad to say...
"That's a signal for the top. "
It looks more like somebody is trying to force ignition of an algo ramp to bring options into money.
A big algo ramp. To a very big option payday.
Sony isn't alone in being hackjacked.
+100000000000000000
you nailed it 100%
it's a big club and you ain't in it
Seems like someone not named Goldman, JP Morgan, BofA. just lost a whole bunch of money.
IT all makes sense: The Fed will boost the markets cause it feels good, and hey, the bubble is so big, no one will notice a few more ticks........kinda reminds me of the congress and senate insuring the Derivative Trillions we can shortly expect from the big banks oil gambles. What the heck! The US is so bankrupt, down looks like up! We can't pay back 18 trillion, so whats a few more trillion gonna matter. I get reelected, and JPM gets a bonus. Big deal!
N. Korea did it!
t's a big club and you ain't in it
Yea but---I'm in a bigger club--and they ain't in it----think about it awhile----
Retail is in the tank. No one is buying extra crap this holiday season. They need to crank the markets to infinity before this last weekend of shopping.
TSLA shares sinking like a rock since Thanksgiving ... then up 10% today on worser oil news.
wtf
They sold one?
Not in New Jersey
How do I get my life savings (401K) into this ramping ponzi market?
Sick Dollar ...ive been seeing that line "t's a big club and you ain't in it" for some time but didn't catch your name ...wasn't looking at the time....but i think that line is particularly succinct. If it is yours...d'ya mind if i footnote it to my missives?
please feel free ,complement of George Carlin
It's a Big club and You ain't in it
Should have figured, i love the man.
You know, we should encourage others to do the same. A sort of underground sign of respect for a man who told the truth. I don't like the way the US is caught up in 'Patriot", but if asked, i would say GC is still a patriot, even after his passing.
t's a big club and you ain't in it
It's a George Carlin quote
That's George Carlin speaking
"Sick Dollar ...ive been seeing that line "t's a big club and you ain't in it" for some time but didn't catch your name ...wasn't looking at the time....but i think that line is particularly succinct. If it is yours...d'ya mind if i footnote it to my missives?"
George Carlin - The American Dream
https://www.youtube.com/watch?v=acLW1vFO-2Q
You will understand if you watch the video. In fact you may understand more than you want to.
Puny human!
I apologize.
t's a big club and you ain't in it
Man, screen shots of those LinkedIn bios remind me too much of bankers who commit suicide (or who are suicided).
Coming to the moment of truth... No commodities required in the "new normal"
DOW +421.28
S&P + 48.21
NASDAQ +104.08
And we haven't even gotten to Friday yet!
We may be getting the best Christmas present from the Washington D.C. skunk works that nobody wants with a "date which will live in infamy" speech from the teleprompter-in-chief monkey as the ribbon around that package!
It couldn't get any more surreal then this!!!!
I was watching the TF around that time and it too popped up many ticks in an instant... there must be algos watching other algos. My what a tangled web we weave.
Unto him be glory in the markets by GS throughout all ages, markets without end. Amen.
someone insinuatin' the fed's tradin' ?
Premature ejaculation?
Post-coital ejaculation?
A financial astrologer I read once in a while predicted s&p2130 by year end. He did that back in september, when everything was going to hell. He also predicted when it would start rising again, which it did.
Maybe the Fed has a subscription to his services.
So what was the average cost basis? A lot of them seemed to be near the bottom, no? certainly, we can see 2100 at this rate before year end, no?
Its just a preview of the 2014 closing print.
Tell the machines to turn themselves back on!
Tell the machines....
Nah, it just doesnt have the same gravitas....
There will be a wealth effect Kevin, even if we have to print and spend another $3 trillion to make it happen.
Janet
2100 by year's end? 2130?
"It was extrapolation I know,
That made all the fantasies grow,
It was up from here,
It was up from there,
No downside in sight anywhere, bro'."
It's a Christmas miracle!!! We're saved by the stock market!
Bring on the Christmas cheer!
Just a big short pos getting ripped a new asshole........
I been there before, the algos look for stops and then pull all the offers and hit them for max pain.....
I lost 35k on 5 ym contracts in this type of thing in 09.....
The broker split it with me when I cried about it.....
Just a low liquidity stop run or a margin clerk doing it for them because they were to stubborn to do it themselves.....
My 2c anyhow...
Any trader should be used to this shit by now and guard against it as much as he can...
Sometimes it is hard...
feature at Infini ty is called 'Trailing Stop'. I guess you know by now, huh. I use 6+ on /es;it's Auto. "nobody goes past without kickin' me out". G/L
Could you ever imagine during the days when free markets actually existed having an unlimited trading account and never having to worry about a losing trade?
You would be infallible, one of the most successful traders of all time.
Oh to work today on the trading floor of New York FED. Those guys must roll hundred dollar bills nightly to light their cigars (amongst other things) as they head home in the limo following another brutally tough day at work.
Nah, Kevin's mom made more whoring on the street corner, weekend shift only mind you. Her full time job on the week days was changing Bernanke's diapers (yes, Bernanke was still wearing diapers at the age of 30).
HIS NAME IS KEVIN HENRY
HIS NAME IS KEVIN HENRY
HIS NAME IS KEVIN HENRY
the presidents of the future won't have their face on a bill, they will have their face on an algorithm.
A.K.A. Goldman.
It’s standard procedure for the banking cartel to troll the universities to find the most likely, brightest and cooperative potential employee to do "God's work.” That’s Kevin Henry. Here’s when he was tapped by Goldman:
Student Highlights, Rutgers University:
March 2007
Kevin Henry Gains Internship with Federal Reserve Bank
The Federal Reserve Bank of New York awarded Kevin Henry, the first student enrolled in the Bloustein School’s dual MPP-MBA program, a position in its Graduate Summer Analyst Program.
http://www.policy.rutgers.edu/news/student.html
Just like when Bernanke, after being observed, was trained by banker operative Stanley Fischer at MIT.
The rest is history, in the making...
SCARLET KNIGHTS BITCHEZ!!!!!!
Time to reset my standing sell orders way higher. Algo phishing time.
no way kevin henry would do this, he has way too much integrity
^ said by no one ever.
Man up to it Yellen...
looka like some jackass banker decided to fucking pump the futures again tonight. from flat,to now up 7 s&p pts on nothing, arrest these bastards already
The poor bastards buying here.
And now an 11 point steady drive up over 1.5 hours starting at exactly midnight? Is there no end to the madness? lol.
Listen you silly cunts, this fucking market is going precipitously higher. There is no use writing / reading all this stupid bullshit, you are wasting your time.
The math has proven its impossible for them to meaningfully raise rates EVER (go ahead, argue with math, I dare you) so that means one thing; the market will go steadily higher in an exponential fashion as it has for basically all of recorded human history.
The market will never go down,(over the medium to long term) its simply not mathematically possible and if you are the type to say "fuck math I prefer history" well guess what, it has never happened in the history of humanity. Its purely the realm of the theoretical.
The only situation in which the market goes meaningfully lower for an appreciable amount of time is one in which the government balances the budget and spends responsibly while the FED decides giving their owners more free money is no longer a good idea as they are rich enough and they don't want to have control the whole planet because owning the entire world is overrated. On such a day the top will be in.
Clearly this will never in the history of humanity be a thing that happens so this shit is going up.
Count your blessings that you have capital to 'invest' in the market and but the fucking e-mins cause its free money for you. If you are not long (with leverage) the market you risk slipping into the ever expanding surf class of modern society.
Ever seen the hunger games? Who would you rather be?
Seems to me that the stock market is the only thing revealing the true monetary inflation rate. Every other indicator is being suppressed. I have neither the inclination nor the balls to join the party and have been sitting on the sidelines since the repeal of Glass-Steagall becoming more and more disillusioned on how corrupt the system has become, afraid to make any move. My role as a cannon fodder extra in the upcoming Hunger Games Redux Part #15 is assured.
True enough, but there tend to be resets along the way. Short, sharp and nasty. Like my ex-girlfriend.
If you are asking who, to those NFL afficiandos out there it was probably Jerry Angelo :)
S&P to 3000 bitchez!