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Algos Unleash Another Marketwide Stop Hunt To Start The Day
S.S.D.D...
The collapse in revolving credit yesterday appears to have been long forgotten... and the plunge in German factory orders... Just luck the market is broken.
Bonds don't seem as ebulient as all the "traders" in stocks...
Who could have seen that coming?
Almost time for the market-wide HFT stop hunt
— zerohedge (@zerohedge) April 8, 2015
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Looks like it might be getting tough to maintain the required skim...
tick tock motherfuckers...
Everyday is groundhog day
Stophunt? You do realize there are MOC and MOO orders which are 99% institutional and therefor the bulk of the day's flow.
So, these predictable morning ramps are simply part of a "normal functioning market reflecting true price discovery"? It was my understanding that the majority of institutional flow settles at the end of the day.
Could be a morning ramp just as much as could be a morning dump. See yesterday's dump into the close? Mostly all due to MOC orders finding their way to equilibrium.
Nothing at all states that i have more end of day orders than opening orders or throughout the day (i.e. VWAP, Float, VP (vol profile), dark or lit etc)
Look i love a bearish theory as much as the next guy on ZH, but i just think it's important to point out fact from fiction, from someone in the industry.
Thanks. Useful info, but this simply confirms that there are far too many middle men. Time to cull all these over compensated useless paper-pushers that are between the producers of real goods and services and the customer.
doubt MOO orders can send it straight up for 30 min, if so alot of inst. and hedge sales traders are going to get shit canned for buying @ SPY 208.50
MOO that pushed it high enough to trigger momo algo follow through!
the "smart money" doesnt trade at open, the "smart money" trades after lunch. so this is just the state sponsored algos cleaning clocks. crushing the muppets and skimming the profits.
thanks for the sane comment
btw i faded the opening ramp (cha ching!)
SkyNet is still just cooing and giggling.
http://fortune.com/2015/04/07/russians-hacked-white-house/
Wait till NSA access is achieved.
You are thinking of it as a financial matter at this point right now. It's not. Think of this as a incredibly crooked horse race that happens five days out of seven. Thousands of horses line up at the podium. Some of those horse owners have advanced information on the outcome of the daily races. When the gun fires.
*PoW* off they go...well some of them.
Still in the stocks there's the three legged horses, horses facing backwards, couple with wagon wheels attached instead of legs and jockey's without horses wearing bags on their heads. Most of these people don't even know they are in the fixed race, let alone in a race. The ones that do know about the race fixing and didn't get advanced notice that they were going to 'win', they usually take their cue to go sideways, wander off to take a shit or just lie down on the track. A few though with advanced notice on who wins the race they put on a good show.
Lots of sweat, lather, huffing and puffing, nail biting, etc. The ones out in front are all drugged to the eyeballs on meth, tranquilizers and steroids, obviously the breakfast of champions. In a horse race where there's no other horses racing, just mulling around chewing grass, the stadiums are empty. It's pretty obvious who's wired and who's not.
It's those 'strong' starters, usually found in New Zealand in mini-fiefdoms, are the ones you want to talk to about their future. Just keep hammering them like an iron horse shoe. It'll break, bend, shatter or melt from heat eventually. And as service delivery being in the right place and the right time, attributed to their awful luck will help them see the need for a strong arm in their lives. To help them manage their racing assets because accidents start happening and having insurance is a good thing.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com
Today is a "FED" day. It will NOT fall.
I have to assume you are not talking about PM's.
the shitshow continues as usual
some time back in 2012, the guys in charge had a decision to make: either to (1) let the market have some semblance of reality and have the younger generation believe that it is a place worth putting money into moving forward or (2) capitalize on their development of HFT and algo technology to fully manipulate all markets and steal every day until there is no one else to steal from.
they chose #2, obviously.
in 10-15 years, no person born after 1990 will put their hard earned money (if they ever get jobs) in the stock market - much like they don't for cable TV. there will be no one to buy the stocks from the (very lucky) generation(s) before them.
Not if they are preconditioned to believe markets always go up.
look, the kids from rich parents will get the stocks from their parents - that doesn't do any good.
everyone else doesn't give a crap about the stock market and certainly do not trust brokers, banks, advisors. they may put the pocket change they have in the 401k in the market, but it will be pocket change with the economy growing in a range of -2% to 2%. the little equity they build will be used to buy houses they can't afford on subsidized mortgage rates.
they decided to kill the system that feeds them - they are that stupid.
if they are not that stupid (and corrupt), let's pray good they allow for the market to crash and for capital to be allocated to new projects and ideas based on merit and return potential. we need to flush down the toilet all the malinvestment and the financialization of everything. banks have to shrink as a percentage of the economy. hell, they should just eliminate all TBTF and reinstate glass steagal...
Exactly what my grandfather's generation did. Everything done on a cash basis, investment in physical, revenue-generating assets. Everything settled at the end of the day, and very little debt carried, if at all.
The Wall St. game will take us down, but you are right: people have a decision to make, where they can take Wall St. down. Pay cash for stuff, don't take out loans, buy physical commodities as an investment, and take delivery, and their game is over. They only have money to screw with because people give it to them.
Oh why not? BTF tops beechezz!
Tyler is an insider.
Thanks. Thats free money. Keep it comming. I put you in my nightly prayers.