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Dear SEC, Here Is Today's Broken Markets
While not as obvious as spoofing crude or stock futures, today's broken market covers some of the largest and most widely-held stocks in the US market. From JPMorgan to Johnson & Johnson, and from Pfeizer to GE, shortly before the cash open this morning, 13 major stocks saw sudden massive swings from 5 to 15%...
Is it manipulation when an algo freaks out? Perhaps not... but just exactly what liquidity is being provided and how are retail traders helped by this kind of chaos?
Come on Mary!! Do a better bloody job!
Source: @NanexLLC
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Dear SEC.
The market participants have as much contempt for your corrupt bankster owned, bankster enabling three letter agency as you do for them.
You are worse than a joke.
You are part of the problem.
Sincerely,
Market Participant.
What? Stalling and misdirecting isn't their job?
you do know that there are people behind those algos...
really don't like it when we label "algos" as some machine instead of the criminals that are programming them to do the work.
Yep, those are just programs, a human sets the operating parameters and lets it run. Of course what you want and what you get, can sometimes vary...a lot.......
They are certainly an example of "too many moving parts."
Despite having the facts and empirical proof on our side does anyone else feel like we're complaining to the same people who are giving us the shaft in the first place?
DAMN!!! That is some kind of shiny. It's a good thing the markets don't have any obvious manipulation going on, it might interfere with the SEC wide fapping competition.....
Software glitch
Windows "updates."
The AN/FPS-14 is a "gap filler' radar system. The stock markets have an even better system. The SP 'gap filler' algos were working perfectly this morning at the open. In the 'old days' it could take days or weeks to fill a chart gap. Now, the algos do it in seconds!.
When liquidity dries up, volatility increases.
If there are no more questions then class is dismissed.
Calm down, that's just your friend the invisible hand keeping the 'market' on its track of ever higher prices.
Disregard the man behind the curtain just but more stocks.
"Dear SEC, here [are] today's broken markets"
Sorry for being so anal.
Looks like the S&P is just completing the right shoulder of an HS pattern on the 5 minute 2, 5, and 10 day charts. It will be interesting to see what the algos do with this info. Save or dump?
Mary Jo is too busy servicing Hillary to bother with catching white collar criminals.
Tyler, these articles of yours 'reminding' the SEC how to do their (ostensible) jobs, are about the only relevant chart analysis left.
TA is irrelevant, thanx to every market being manipulated. For the same reason, 'price' is also irrelevant; and the markets now show nothing about the real economy.
Many thanx for the service you provide. It is from articles (and public shaming) such as this that we have ANY hope of one day, getting real and functioning markets back -- where charts show more than daily fraud and regulator corruption.
This is EVIDENCE. And someday, when the criminals are fairly tried, it will not only be useful but continue to make your journalistic reputation.
I think manipulated markets are immensely easier to trade.