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VIX ETF Surges Above 'Black Monday' Spike Highs, Numerous ETF Flash-Crashes
As Nanex's Eric Hunsader notes "there are numerous mini-flash-crashes in ETFs this morning," as market structure comes under significant pressure. Nowhere is that more obvious than in the VIX complex with VXX spiking above last Monday's highs and XIV collapsing...
VXX (VIX ETF) spikes above last Monday's highs...
Underlying components very weak...
- *LESS THAN 1% OF S&P 500 STOCKS RISING IN EARLY TRADING
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Decent start to September.
Shemitah! Bitches!
Meh.
Nothing that the PPT & Tim Cook cannot solve.
Rich Planning to Flee !
http://www.mirror.co.uk/news/world-news/panicked-super-rich-buying-bolth...
They can run, but they cannot hide.
Jesus see all
I want them all to have their own desert islands far, far from us...and stay there.....
Look!
9 month old news... today!
When Black Tuesday comes
Gonna collect everything I'm owed
By the time my friends find out
I'll be on the road
-Steely Dan
That would be Black Friday but you're only off by a few days so carry on.
Dead in your sins and trespasses; fool.
Agreed, could be better but this is an okay start.
the great unwind begins... how 'bout the dead cat bounce this past week? hope you all have a lot of popcorn stocked up, it's going to be a helluvah day and rest of year!
I'm getting the feeling that we've been here before....2007/8'ish. There's that type of underlying fear again.
2000,87,72, I even faintly remember 66.
It different this time though,, CNBC told me so.
vix trading malfunction in 4,3,2,1 when you can guess the odds the house pulls the pin
Been here before....... "like waiting for Christmas times 1000" (Eric Cartman)
Obama's Banana Republic is crumbling while he's out renaming a mountain.
He shoulda named it Mt. Dwayne Elizondo Mountain Dew Herbert Camacho
Or, 'El Chapo Top-o'
Happening on this Alaska trip: Obama to record episode of 'Running Wild with Bear Grylls'.
Feel free to post your suggestions for what should happen.
Eating Bear poop comes to mind.
Methinks O is titillated at the thought of having to spoon at night to keep warm.
pods
Would it be wrong to pray for a bear to meet up with Bathhouse? Maybe share a bite or two?
FORWARD SOVIET!
ps Are there any good golf course up there? Is that where he will be learning survival skills? On the 9th maybe? The traps are hard, but that hard? Really?
Obama swears ISIS will never raise its flag over the 18th hole!
Yes. Now that's a nice "orderly market". Just like the statists have rigged it to be (unlike Aug. 24th).
FED smashes the VIX lower by 1pm!
Front Vix futures diverging higher from cash VIX (which did not make a higher high for the year this morning, unlike VX1).
Fed sees "negative" economic/market signals, uses brute force to kill said signals.
Or pull VIX completely offline and tell the muppets it's undergoing software maintenance for the day.
seriously
btfd
it's all noise and wi[n]dow dressing-- up the orphan's for halloween
Only the little people are exposed to ETFs. Wall Street doing its job of fleecing the sheeple.
Forward
rule 48 let ppt set the price and not have to pay for it,makes a mockery of futures
Something big is coming this way.
See whats going on in the FX market this am, something has already broken badly.
I give it another two weeks until we all know what.
BUY! BUYYYY you damn muppets BUYYYY!!
When the DOW breaches 14k I will start to think something is really happening.
well the tax debt supporting this bubble is about up to your great great great granchchildren,id call that 'something'
NYSE invokes Rule 48: "The rule allows the exchange's designated market-makers to refrain from disseminating price indications ahead of the opening bell, making it easier and faster to open stocks on days when trading could be volatile."
"designated market-makers"!?!? And they still call this a "market"
ROFLMAO!
Batten down the hatches!
Chinese drywall covers.
...not very waterproof and make you sick!
PPT using mini-flash crashes as electronic brakes for the market. When that fails they'll have to start arresting reporters.
Green shoots....
Quick someone get Bernie Madoff on the phone. Things are getting serious !!!!
Buy The Abyss!!
I jokingly said that last week and it turned out to be the right move. Sooo...
http://www.cnbc.com/2015/09/01/sp-500-may-fall-further-10-15-nomuras-jan...
S&P 500 may fall further 10-15%: Nomura's Janjuah
Nomura's widely-watched strategist, Bob Janjuah, believes that the S&P 500 is likely to fall another 10 to 15 percent in the near term, causing the U.S. Federal Reserve to unleash more stimulus policies in 2016.
"When we were up at (2,100 points) I thought we would see 1,700 (points) at some point in late (third quarter), early (fourth quarter)," Janjuah, a senior independent client adviser at the investment bank, told CNBC Tuesday. "We made some progress towards that target, I think there's a bit more to go."
The S&P 500, a broad measure of U.S. stocks, closed on Monday at 1,972 points, a key level some analysts are watching for support. The index has just suffered its worst month since May 2012 on the back of Chinese growth concerns and jitters that the Fed is about to raise interest rates.
Janjuah, who argued in a research note in early July that a "flash crash" was imminent, told CNBC that his prediction was now in danger of coming true, although he conceded that he was slightly inaccurate with the timing of the plunge in stocks and how U.S. Treasury yields have reacted.
He now predicts that a further selloff for the S&P is "likely" and says that the benchmark 10-year Treasury yield could reach roughly 1.80 percent "in the next six weeks" with investors flocking to bonds as a safe-haven asset. The yield on the 10-year note currently stands at about 2.17 percent.
China and the Federal Reserve will continue to be the two dominant themes for markets, according to Janjuah. He believes that the Chinese authorities have "lost control" over their own stock market and other global central banks - like the Bank of Japan and the Fed - will continue to pump more liquidity into their economies to account for softening growth in the world's second largest economy.
"What I think the global investor needs to understand is that globally there's not enough growth, there's way too much capacity and we've hidden that gap with this thing called liquidity - actually liquidity is debt," he said.
"The workers of the world have no pricing power, without pricing power you cannot get a sustained cycle of inflation. And a world where we have got excess capacity and not enough demand, that's deflation."
Janjuah is no stranger to gloomy predictions, and has made several bold calls in recent years. In November 2013, he said that the end of 2013 till the end of the first quarter of 2014 would be a buying window followed by a 25-50 percent sell-off over the last three quarters of 2014 – a forecast that failed to materialize.
Goldman Sachs is a little more positive with its outlook. Peter Oppenheimer, the chief global equities strategist at the bank, has a "neutral" outlook on the S&P 500 but disagrees that a sharp selloff is on the horizon.
"I wouldn't say the bull market was over in equities," he told CNBC Tuesday.
"The valuation driven part of the equity market bull (in the U.S.) is probably over, in other words, the period where the multiples have risen very sharply as interest rates have fallen."
The fact is that QE has never stopped and the recent dunping by the Chinese reverses the "QE" effect. So the solution will be wars on all types of fronts as we have already seen and many people are going to continue to be in the crossfire of these morons in charge.
Keep in mind though the plunge last week was ultimately a product of manipulation as well. See:
https://pbs.twimg.com/media/CN0neyEVAAAQuqQ.png:large
It magically tops out at big round levels (or channel tops) and the rescue comes at the channel floor. It's all rigged.
Probably a similar sort of action to what happened in october. They dropped it to the channel floor.
http://www.zerohedge.com/news/2015-07-13/how-high-frequency-traders-brok...
Although that they pulled out an email from Tim Cook as kind of the cover for the turnaround at channel floor was kind of still surprising. But at least it shows the state of things pretty well.
Thanks; i watched the Jon Stewart video on the link...thanks for the great laugh. Just about says it all. Have a great day!!
The Tylers built a brilliant "Most shorted strategy" that was copied by Goldman...please can someone lunch a Gartman inverse fund. It would have worked beautifully...
You watch, by Thursday the VIX will be seriously squeezed again & put on a clothes line and then "Everything is awesome"; till it rinses and repeats with the markets going gradually lower week by week by weakness.
You can bet there are some serious derivatives in the oil patch that are coming unglued and many a hedge funds that are going to be bulldozed. I think it is completely unraveling and QE is being used right now because the naked short selling of US Treasuries that are not being delivered & settled in cash are going on in mass according to Dr. Jim Willie, which means more money printing is going on behind the scenes to cover the carnage that we have just begun to see.
If more US Treasury dumping continues by other BRIICS countries, then someone has to eat it; it will eventually be all of us.