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Volume Crash Sparks Monday Meltup In Stocks
The US equity markets stumbled out of the gate as the S&P 500 slipped back down to test its 200-day moving average. Then as volume dried up, the inevitable occurred - an algo-driven vertical melt-up pushing stocks back to unchanged... Crucially, undelying this 'panic-buying' is only 35% of stocks are advancing!!
Who could have seen that coming? Well, anyone who remembered at the open that the only right move - allowing HFTs to levitate stocks - is not to trade.
as a reminder, zero volume levitation algos can't levitate stocks until volume returns to zero
— zerohedge (@zerohedge) August 17, 2015
And then the green light:
Volume declining.
— zerohedge (@zerohedge) August 17, 2015
Even if credit ain't buying it (or rather, no central banks are buying junk bonds here).
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Pathetic free market!
The only thing that makes the melt-up "inevitable" are the banksters running the control room
and the free money from the Fed
When are these HFT algo ass clowns going to realize they're getting nowhere just jerking each other off cause eveybody else knows their scheme?
All you A'holes trading stocks, get the hell outta the way so the machines can do their stuff already!!!
Ha, machines had no need for them to move aside, pull up a 2-min chart at 10:16 or so, and you'll see retail flattened like a steamroller goin' over a Snickers bar.
Much easier to float a feather than a brick. Nobody is buying the bullshit, but algo's don't care. The market is starting to cannabilize itself......
Welome my friends to the shit show that never ends...
Chinese stocks are more manipulated
US stocks are more manipulated
PBOC openly admits buying stocks.
US uses all sorts of dark dubious activities to hide their manipulations.
Thy will be done...
Sounds about right for the stock market casino - about 35% winners and about 65% transfering their money to the winners.
My all-short portfolio was doing great. I went to my back yard to clean up the dog shit, and I came back, and the market had exploded higher. Someone it all seemed fitting.
An all-short portfolio in a crony, corrupt, controlled market is financial suicide. Always hedge your shorts with some market-leading longs until collapse and catastrophe is in sight.
The only thing sustaining the US economy today is stock market gains. The Fed will never allow that free income to stop if it can help it.
I do the same with inverse funds. Instead of BTFD, I STFMU (sell the f#$%ing melt up) Much moe likely for a big move down than up. All short term trades and not a large portion of my portfolio. Also sell put options on the inverse funds. Like anything else it works well until it doesn't.
"Credit ain't buying it." Our motto since March 2009.
SSDD. BTFD ok? One day everything will come to a screeching halt. Rejoice. Today is not that day.
only efficiency
markets are unrigged
same shit every fucking day ow for 5 years running...
the last hour of trading in london...
the fraud hour.
SPX didn't even reach the SMA200 because doing so would have required that the eminis breech a trend line from Thursday that has maintained higher highs and higher lows. It's manipulation, through and through, and it's pathetic, really. But, it's all part of the "everything-is-wonderful" narrative.
http://wp.me/p2qC8M-7gR
Algos must be destroyed.
I've come to the conclusion the market will do whatever it takes to piss off Zerohedge.
Armstrong says NO MANIPULATION!
I'm now under the conclusion that Armstrong made a deal with the criminal fed to get out of prison.
We really need to come up with some new terminology. "Market" just doesn't seem like the right word.
Thanks ZH for exposing this fraud over and over. Complete & utter corporate fascism from the highest levels. Society is rotten at the core, and they keep dragging their mouse to new highs; printing paper to buy paper, until doomsday.
Thats my bread and butter your fucking with.
Tell the boys to get going on a new album...the economy needs it!!
The Federal Reserve's trading desk at 33 Liberty Street NYC is once again buying up stocks and distorting the free market. I am amazed how they erased a -110 point deficit in just 1 hour. Unreal !!
Buy hey, an unaudited Fed can do whatever they want, right?
I'd laugh, if I wasn't puking. "All fucking quants must fucking hang." - Animal
bloody shorts should lead to massive sales in underwear
History will look back on this low volume meltup of the last 7 years and laugh.
Low-volume vacation pre-FOMC early short ambush up past DMA stop levels, even the Farmers Almanac had this one pegged.
The 3 superpowers have PPT's.
If Russia and China were not considered superpowers, the fed would have raised rates years ago.
Yes Zion thieves, competition is a bitch.