This page has been archived and commenting is disabled.

In An Unrigged World: Here's How A Record S&P Close Was Manufactured

Tyler Durden's picture




 

Judging by the action today, all that mattered today was 2117.39 - that is the S&P 500's previous closing record high from March 2nd. One glimpse at the charts below and the VIX-slamming is evident (especially at the close) as each time it came close to losing the record high, a miraculous deep-pocketd volatility-seller stepped in...

Look at the open in VIX too!

 

Unrigged... and unspoofed

 

 

Welcome to the new normal.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 04/24/2015 - 16:24 | 6027675 AIIB
AIIB's picture

2117.39 = Very Ancient, & largely unknown jewish prophecy concerning Armageddon


SEE HERE

 


Fri, 04/24/2015 - 16:44 | 6027748 Eireann go Brach
Eireann go Brach's picture

Let's just call it for what it is! Bullshit-Fucking-Nomics policies that come straight from the king of the WHite House!

Fri, 04/24/2015 - 16:57 | 6027784 Hype Alert
Hype Alert's picture

The entire market is in the hands of the Fed and the HFTs.  Stockholders are just the fleas on the dog waiting for the next flea bath.

Fri, 04/24/2015 - 22:52 | 6028583 capital one
capital one's picture

I freelance over th? internet and earn about 80-85$ an hour. I was without a job for 7 months but last month my paycheck with big fat bonus was $15000 just working on my computer from my home for 5-6 hours. Here's what i have been doing... www.globe-report.com

Fri, 04/24/2015 - 16:25 | 6027687 CarpetShag
CarpetShag's picture

VIX = German for a wank.

Fri, 04/24/2015 - 16:26 | 6027689 Hunter S. Thompson
Fri, 04/24/2015 - 16:34 | 6027719 PirateOfBaltimore
PirateOfBaltimore's picture

Done.

 

While you're at it, complain to the SEC about Fed officials purposefully making statement to move the market.

Fri, 04/24/2015 - 17:07 | 6027695 buzzsaw99
buzzsaw99's picture

i hate it when that happens

won't somebody please think of that poor forlorn unrequited buy order? /s

You lousy minx! I ought to have you spayed! You sent out all the signals, and, I don’t think I like you anymore. [/Penguin, Batman Returns]

Fri, 04/24/2015 - 16:27 | 6027696 Chuck Knoblauch
Chuck Knoblauch's picture

You mean a rigged world, don't you?

Fri, 04/24/2015 - 16:29 | 6027703 Weaponized Innocense
Weaponized Innocense's picture

Yea WTF!

On another note: shorts which remained up on the day bis, tza, and faz.

Fri, 04/24/2015 - 16:29 | 6027705 Squid Viscous
Squid Viscous's picture

Domino's Pizza - 40X earnings... buy, buy, buy!!

Fri, 04/24/2015 - 18:40 | 6027706 SheepDog-One
SheepDog-One's picture

I'm quite connedfident the CFTC is all over this shit.

Fri, 04/24/2015 - 16:34 | 6027721 debtor of last ...
debtor of last resort's picture

Thank god Kuroda's nephew joined the ppt. My nitting grandmom has to make it till this month's end.

Fri, 04/24/2015 - 16:39 | 6027737 economessed
economessed's picture

There is propserity everywhere you look!  Of course this market should float ever higher -- it's not even hard to make record profits anymore!  Everything is fixed!

 

<sarcasm so large, it became hard to type>

Fri, 04/24/2015 - 21:41 | 6028417 HardlyZero
HardlyZero's picture

Amazon up 14% today !  That was one big order.

Fri, 04/24/2015 - 16:47 | 6027758 ebworthen
ebworthen's picture

"...as each time it came close to losing the record high, a miraculous deep-pocketd volatility-seller [the FED] stepped in..."

Fri, 04/24/2015 - 16:56 | 6027782 PirateOfBaltimore
PirateOfBaltimore's picture

New algo for Nev:

 

  1. When huge VIX sell orders come in, spoof them down towards lower and lower VIX pricing and then become counterparty to the trades
  2. Spoof massive S&P sell orders in order to trigger VIX buying
  3. Profit
Fri, 04/24/2015 - 16:52 | 6027772 WTFUD
WTFUD's picture

Life was easier when i was dead ignerent!

Fri, 04/24/2015 - 16:52 | 6027773 Sintra
Sintra's picture

Again.... Zerohedge learn how the vix works and study the white paper with the calculation method. Nothing special here. The opening jump was due to quoting of options. When a Otm bid is removed all other further otm options are not taken into account and vice versa. It is not a tradeable product. Its a calculation and as an option trader I can assure you nothing happened in the IV like that.

Fri, 04/24/2015 - 17:14 | 6027834 teutonicate
teutonicate's picture

Sintra,

We understand how the VIX works. Don't try to pretend that we don't all know that we have unprecedented chart painting going on here with tax dollars from various countries around the world via their central banks - all comfortably colluding with the cabal and various other "in the know" insider traders, with absolutely no concern for their public trust charters or the welfare of the citizens whose tax money they confiscate.

We have an unprecedented low VIX bull run here that can only be explained with collusive behavior at the highest levels.

Don't insult our intelligence by implying that this market behavior is rational.

Sat, 04/25/2015 - 02:39 | 6028801 Sintra
Sintra's picture

There is no wtf in the vix. Not yesterday. The vix is low but not that low, we have seen levels a lot lower. All these vix charts zerohedge posts aren't special. No wtf's....just normal quoting procedures in far otm. I have moved the vix 0,5 in the past by just putting one single bid in the market. En selling before the close on friday.....come on. Just to get rid of weekend tetha.

Fri, 04/24/2015 - 17:03 | 6027801 HardlyZero
HardlyZero's picture

Yes.  

But today SRTY is up near 1%,

meaning the Russell2000 is goin' down, and the small companies.

 

This might be the start of "Sell in May and Go Away" or the 7.5 year itch, or Ukraine/Greece/Austria.

 

Fri, 04/24/2015 - 17:46 | 6027907 katchum
katchum's picture

The USD/JPY was ramped down, it's weird that stocks didn't follow down.

Fri, 04/24/2015 - 19:18 | 6028132 Racer
Racer's picture

Fundamentals no longer apply, all that matters now is that they have driven humans out of this 'market' , so they can trade it to fake P/E to any number they like... earnings are meaningless... they will play hot HFT potato ad infinitum

Do NOT follow this link or you will be banned from the site!