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And The Nasdaq Breaks...

Tyler Durden's picture




 

Right on cue for the late-day squeeze ahead of tomorrow's FOMC... The Nasdaq breaks and BATS declares self-help...

  • *NASDAQ OPTIONS MARKET CURRENTLY HAVING SYSTEM ISSUES
  • *BATS OPTIONS HAS DECLARED SELF-HELP VS NASDAQ OPTIONS MARKET -

 

* *  *

As a reminder, every time the Nasdaq options market breaks, it is a green light to buy all-in. From February:

  • *BATS OPTIONS DECLARED SELF-HELP VS BOSTON OPTIONS EXCHANGE
  • *NASDAQ OMX BX OPTIONS HAS DECLARED SELF HELP AGAINST BOX

 

 

And sure enough... the bounce begins...

 

* * *

And from August:

Surprise...

  • *BATS: ROUTING TO NASDAQ OPTIONS MKT SUSPENDED AS OF 11:06:07 ET
  • *BATS INVESTIGATING OPTIONS MKT ISSUE
  • *NOM ISSUES WITH OPRA DATA IN SYMBOL RANGE HD-HO
  • *BX OPTIONS ISSUES WITH OPRA DATA IN SYMBOL RANGE GP-HN
  • *NASDAQ OPTIONS MARKET, BX OPTIONS HAVING ISSUES ON SOME SYMBOLS

Via BATS Options Status

 

Which might help explain this...

 

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Tue, 03/17/2015 - 15:20 | 5899309 Racer
Racer's picture

But I thought it was going up?

Tue, 03/17/2015 - 15:21 | 5899315 Deathrips
Deathrips's picture

BULLISH~!

 

RIPS

Tue, 03/17/2015 - 15:56 | 5899476 zorba THE GREEK
zorba THE GREEK's picture

The HFT algos are having a war between the big players cashing in their
Chips and the Fed PPT buying the dump. Can't have markets crash before
The big announcement.

Tue, 03/17/2015 - 16:20 | 5899563 manofthenorth
manofthenorth's picture

SHENANIGANS, I call shenanigans.

Tue, 03/17/2015 - 15:32 | 5899364 PartysOver
PartysOver's picture

Double more Bullish.  Look for The Queen of Print to get impatient tomorrow possibly leading to a sharp selloff.  Followed immeadiately with BTFD.

Tue, 03/17/2015 - 15:47 | 5899443 semperfi
semperfi's picture

raise rates Yellen!  please!  dare ya!  destroy yourself and all your overlords! make yourself instantly insolvent!  destroy the bond carry trade that all wall st banks live on!  destroy all the interest rate derivates that uphold the US treasury market thereby utterly destroying the global fascists in DC!  raise rates!  please! please! please!

Tue, 03/17/2015 - 15:47 | 5899442 OldPhart
OldPhart's picture

Does it every break on the way up?

Tue, 03/17/2015 - 15:21 | 5899311 Father Lucifer
Father Lucifer's picture

Looks like another Hindenburg day.

Tue, 03/17/2015 - 15:34 | 5899378 PartysOver
PartysOver's picture

Makes the 142,236,254,566th time since the 08 lows.  Yep, thats something I can believe in.

PS:  Hindenburgs were somewhat useful pre 08 just like all the other stuff.  Not so much today.  But it does make good fodder.

Tue, 03/17/2015 - 15:21 | 5899312 B-rock
B-rock's picture

Damn! I was going to sell everything.

Tue, 03/17/2015 - 15:21 | 5899314 101 years and c...
101 years and counting's picture

time for stocks to go green.

Tue, 03/17/2015 - 15:22 | 5899322 thismarketisrigged
thismarketisrigged's picture

The  nasdaq has been broken for years already. this is nothing new.

Tue, 03/17/2015 - 15:22 | 5899324 savagegoose
savagegoose's picture

but i didnt  put a stop profit on my  shorts

 

Tue, 03/17/2015 - 15:23 | 5899328 KnuckleDragger-X
KnuckleDragger-X's picture

Nothing like a bubbly market.....

Tue, 03/17/2015 - 15:24 | 5899333 A Lunatic
A Lunatic's picture

Perhaps something is lodged in cargo bay 7...........

Tue, 03/17/2015 - 15:25 | 5899338 ebworthen
ebworthen's picture

"I'm sorry Dave, I can't do that."

Tue, 03/17/2015 - 15:29 | 5899352 froze25
froze25's picture

2001 Space Odyssey, great reference.

Tue, 03/17/2015 - 15:36 | 5899385 ParkAveFlasher
ParkAveFlasher's picture

When HAL 9000 declared self-help, it jettisoned a pilot into space. 

It would thus be totally awesome to see a banker loudly be jettisoned off a high tower floor every time the exchange breaks, chair and all.

Tue, 03/17/2015 - 15:25 | 5899339 Chippewa Partners
Chippewa Partners's picture

You think this slows VIRTU?   

Tue, 03/17/2015 - 15:41 | 5899341 Chuck Knoblauch
Chuck Knoblauch's picture

AI humor?

It's developing a personality.

I wonder how deviant its humor can get.

Let's sacrifice a baby server to the AI gods.

AI, accept our sacrifice and open the NASDAQ portal of pleasure.

Amen.

Tue, 03/17/2015 - 15:25 | 5899343 Dr. Engali
Dr. Engali's picture

Hmmmm, maybe the squid was right for once.

Tue, 03/17/2015 - 15:26 | 5899348 semperfi
semperfi's picture

the squid is the law

Tue, 03/17/2015 - 15:26 | 5899346 semperfi
semperfi's picture

it broke 15 years ago

Tue, 03/17/2015 - 15:42 | 5899417 Chuck Knoblauch
Chuck Knoblauch's picture

It only accepts quarters.

Tue, 03/17/2015 - 15:49 | 5899447 semperfi
semperfi's picture

someone's gotta go back and get a shitload of quarters

Tue, 03/17/2015 - 15:57 | 5899482 prefan4200
prefan4200's picture

Ah, how I love a good Slim Pickens reference....

http://www.youtube.com/watch?v=SbWg-mozGsU

Tue, 03/17/2015 - 16:04 | 5899507 Chuck Knoblauch
Chuck Knoblauch's picture

Damn inflation unions!

Tue, 03/17/2015 - 16:19 | 5899558 cornfritter
cornfritter's picture

you know inflation man ...

https://www.youtube.com/watch?v=EDzoeS2DPiM

Tue, 03/17/2015 - 23:29 | 5900853 buzzy_the_pirate_dog
buzzy_the_pirate_dog's picture

dimes

Tue, 03/17/2015 - 15:30 | 5899358 NoIdea
NoIdea's picture

The system isn't designed to cope with selling

Tue, 03/17/2015 - 15:36 | 5899393 Ness.
Ness.'s picture

S&P emini up over 9 points since the abysmal "data" was released this morning.  17% drop in housing starts and we rally 9 points.  LOL!

Tue, 03/17/2015 - 15:36 | 5899394 agstacks
agstacks's picture

*BATS OPTIONS DECLARED SELF-HELP DUE TO UNAUTHORIZED SELLING

Tue, 03/17/2015 - 15:39 | 5899408 theyjustcantstop
theyjustcantstop's picture

what's the matter folks, BTMFD, you are given a chance almost daily, in one market, if not two, spin the wheel.

Tue, 03/17/2015 - 15:44 | 5899428 HopefulCynical
HopefulCynical's picture

Hmmmm. As I noted elsewhere, it really isn't time for the Epic Fail of Western Civ just yet. So I can't say I'm surprised at this. YMMV.

Tue, 03/17/2015 - 15:45 | 5899430 sudzee
sudzee's picture

Circuit breakers sounded a bit scarry to traders. Market brakes not so much.

Tue, 03/17/2015 - 15:50 | 5899455 SheepDog-One
SheepDog-One's picture

Bernie Madoff invented the NAZSCAM and it's still the biggest scam around!

Tue, 03/17/2015 - 16:00 | 5899465 Chuck Knoblauch
Chuck Knoblauch's picture

Can you change the name of the NASDAQ to POP?

PORTAL OF PLEASURE.

A suggestion for the post apocolypse market.

Can I get the keys to moan when I push them?

If it closes green for the day, I want it to tell me I'm sexy.

Tue, 03/17/2015 - 15:53 | 5899467 KashNCarry
KashNCarry's picture

NASDAQ has a new self-help book out now...

Tue, 03/17/2015 - 16:01 | 5899494 disabledvet
disabledvet's picture

TRANS WARP DRIVE HAS FAILED!

 

 

I REPEAT

TRANSWARP DRIVE HAS FAILED (and billionaires are morons.  If they don't care about Detroit why would they care about you?)

Tue, 03/17/2015 - 16:01 | 5899495 Mr. Bones
Mr. Bones's picture

Every_single_time.

 

Is there any central clearing house for market breakage statistics?  I really want to know how many times they break on the way up.

Tue, 03/17/2015 - 16:11 | 5899534 DavidC
DavidC's picture

I can hardly wait for the crash, when it comes it's going to be a work of art!

DavidC

Tue, 03/17/2015 - 16:51 | 5899661 StupidEarthlings
StupidEarthlings's picture

Is it just me.. or is there something that just doesnt sound...natural about a 'self help' market?

Tue, 03/17/2015 - 17:16 | 5899727 Armed Resistance
Armed Resistance's picture

Carlin said it best-

There is no "self help", because if you could fix it yourself, you wouldn't need help.

Tue, 03/17/2015 - 17:41 | 5899800 w1ngsmk
w1ngsmk's picture

Beware the IDE's of March?

et tu Brute'

Tue, 03/17/2015 - 20:51 | 5900404 HardlyZero
HardlyZero's picture

Zimbabwe never had Big Data algos or GS HFT gaming their markets...and they hit 24000.

So, i'd expect that since ECB QE is ongoing and DAX is UP then so will Wallstreet, with some help from Japan as well.

DOW 20000 (at least) before the final crack-up boom.

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