Small Cap Stocks Soar On The Lowest Volume Day Of 2016

Tyler Durden's picture

Another crazy day in the markets...


While stocks dropped and popped on the day... with a panic-buying scramble into the close to get Nasdaq unch...


On SPY's lowest volume day of 2016


Crude Oil went full retard... (API Build, DOE bigger build, production down small, Saudi loans, Venezuela meetings)


With Small Caps extending their exuberant gains...


On the back of another yuuge short squeeze - biggest single-day squeeze in 3 weeks (2nd largest since Black Monday)


Bouncing hard off the Monday night lows...


For the 13th day in a row, the S&P 500 has closed either at the high or the low of the day...


VIX slammed to a 16 handle into the close...


High yield bonds were nt playing along after their surge yesterday (HYG's worst day in a month)


Stocks decoupled from Bonds & FX carry after Europe closed...


Treasury yields ened the day mixed after yesterdays explosion (2s and 30s outperformed as the belly underperformed


The USD Index slumped back to unchanged onthe week after Europe closed today, helped by JPY and EUR strength...


Commodities all showed gains today with Gold & Silver pushing yesterday's highs and copper accelerating...


Finally, just as we warned yesterday, NatGas tumbled today - seemingly driven on McClendon headlines...


One final thought - the last time S&P 500 closed here, consensus earnings were 5% higher.


Charts: Bloomberg

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Kaiser Sousa's picture

want to see something funny? again…..

please take note of the ramp in the last hour of trading in Londone that I’ve  pointed out here day after day, & the ramp that begins in the last 2 hours of “trading” in New Dork on no relative POSITIVE data or news at all. and of course the last 30 minutes of trading….

then contrast that chart with this one…

please take note of the steep sell off that begins at the open of "trading" in New Dork, followed by another steep sell off that begins in the last hour of “trading” in Londone, that is then followed by another sell off beginning as soon as the Crimex closes yet again in New Dork took hold the “pet rock” right below the round figure of $1240 were it was capped all session long. this of course on no relative NEGATIVE data or news at all.

now I’m off to the golf course to hang out with some of my "broke" friends "who have lost it all” despite the fact we don’t trade, but as some asshole around here contends "dont know how to trade…"

ps: no need to bold and cap cause you all know the routine by now.

brada1013567's picture

Have a nice time on the links.

Mr. Universe's picture

They do this just to annoy Kaiser.

DaddyO's picture

Mmmmm, all this chart porn left me with a tingle running up my leg...

Tyler, you're the best!


PS: I'm so glad I don't have anything at play in these markets anymore.

Stainless Steel Rat's picture
Stainless Steel Rat (not verified) DaddyO Mar 2, 2016 5:20 PM

All news-makers have an agenda in the markets with a 90 degree lead.  All newsreaders who invest accordingly have a 90 degree lag.  Just pretend every day is opposite day. :-D

In other words: "If they're pumpin', they'll soon be dumpin'"

brada1013567's picture

Actually I did it to annoy you and your little friends, no KS, succesfully it appears.


I truly want KS to have a great time on the links.

MountainsRoam's picture

This is just straight stealing, every thug for themselves now.. I think we are anyday now gonna get the big 10% down day..

Chuckster's picture

Sometimes a squeeze in the shorts is a good thing. 

HardlyZero's picture

We need to add Draghi jumping Glitter Girl to the pix too...just sayin'.

Maybe NIRPles Yellen too (this nickname will stick for sure)...NIRP is creating this blow-off the top bubble now.

El Oregonian's picture

Get ouddahere. Yellen has NIRPles?

zeroaccountability's picture
zeroaccountability (not verified) El Oregonian Mar 2, 2016 9:47 PM

Yep.  Purple ones.

bnkrs vs Humanity's picture
bnkrs vs Humanity (not verified) Mar 2, 2016 4:07 PM

                              A look into the list of schemes so far in 2016 by the CBs.

1st: The oil/stawks cockrelation scheme.

2nd: Last 30 mns of the trading day ramp scheme.

3rd: The technical dickficulties scheme.

4th: The bend you over by saying one thing, then turn around and viciously rape you in the ass by doing the opposite’s scheme.

                             Now a closer look into the 4th and latest scheme as it plays out:

1st: JOB vows not to introduce NIRP.

- A week later JOB turns around and implements NIRP.

2nd: All CBs gather in the same room for an orgy party in China(as shown on their public released picture in which Lagarde was clearly pulling her skirt down for a ganbang style orgy while Yelen watched) where they agreed to stop currency deval and unnecessary economic stimulus.

-Less than 24 hrs later China’s CB slashes reserve ratio, less than 48 hrs later China devals the Yuan.

-Less than 48 hrs later ECB vows to reinforce their ongoing ineffective stimulus program.




No Half Measure's picture

Unfortunately, Central Banksters have trillions of more tricks.  Hell, they don’t even have to print them, they just push a button and oil goes up for no reason.  Push another button and the markets rip.  They will never run out of buttons.  They will eventually run out of people to screw, and then it is over.  With drop in volume, I hope that is what is happening.

lemontree2's picture

Well, Rolf ta! all this Shit is bullish. Why? Because da rich must Get Richa. Happy election peeps. The bankstas need to be held to ransome

Traderone's picture

This is the GREATEST SHOW ON EARTH, you Yanks are lucky to have it.

brada1013567's picture

Pump it to the moon Alice!

thesonandheir's picture

Most fraudulent show on earth more like.


Clearly this generation of Yanks is happy to take it up the poop chute every day of their lives by the banksters and Wall St crony capitalists otherwise they would be down there sorting these evil fuckers out.


What happened to you guys and your balls?

Traderone's picture

People with balls trade this Mofo, end of. There is only one proviso, no quarter asked and none given.

1fortheroad's picture

Cant have reward without risks.

Just need to know your risk to reward, for me I will risk a quarter to make 2 quarters or more.


Glad to see you back.

Keltner Channel Surf's picture

Don't rub it in, we feel bad enough already, but at least we invented jazz, our gift to the world that more than makes up for the evils of computerized markets.

I'll bet even Kaiser's a huge fan of Coltrane and Billie Holiday ... can always tell when someone's a music fan

Traderone's picture

I dunno Keltner, maybe not on the RUT but I think the algos provide more opps throughout the da

Keltner Channel Surf's picture

Just teasin', T1, RUT is the most firmly, shamelessly algo-controlled index (just not as VWAP based as SPY), which is why it's the hardest to learn, but IMO the most rewarding to trade, assuming one puts in years of work, allocating no more than 5% of one's time for ranting and screaming (though more like 50% in the first 12 mths)

gm_general's picture

Russell is not that bad - it is very obsessed with resistance levels though, there were a lot in the way yesterday restricting its motion upwards - usually it moves comparably with NAS, but it got held back. It almost always makes up these differences in the longer term though.

Keltner Channel Surf's picture

"... a lot in the way yesterday restricting its motion upwards..."

That was our friend the Daily Keltner 2.0  top, normally a re-shorting point, but the pathetic volume today allowed the weekly 200MA, just a bit higher, to be tagged.  I find that the Russell is more 'to the penny' about such things than SPY and QQQ, but in the past there were a few days each quarter when it went insane against the grain of the other indices, 2% + ramps or dumps, that could crush newbies holding overnight.  As a cash trader, my hardest task is getting the best entries after the open. 

1fortheroad's picture

@Traderone, your a bright light in a dull sky.

Its a very tradeable market, I dont care if the market goes up or down, I just want to be on the right side of it is all.

I personally perfer to trade on a up trend in this market.

And do not let my personal beliefs interfer with my trading, Im in for one reason only $$$ or a gain from where I was yesterday.

Very few people do what you and I do much less even understand it.



blue51's picture

Speaking of , sniffing glue ^^

skinwalker's picture

While you're peaking on mushrooms, take a few whiffs of glue. Fucking insane. 


That said, ether works even better, but you run the risk of burning down your house. 

Yen Cross's picture

  The correlations are completely berserk. The $usd sells off, and oil moves higher, usd/jpy & eur/jpy[risk on trades] move lower, while the metals move higher, with the equity markets, on crickets volume.

  I picked the wrong week to stop sniffing glue. :-)

Keltner Channel Surf's picture

Sometimes the perfume inserts in those glossy mags you subscribe to work just as well ...

brada1013567's picture

Watching the market feels like smoking crack.

NDXTrader's picture

The target is SPX 2000. Way too many open options around that point to not hit it. That will also be an almost perfect 61.8% retracement. I assume we'll get there right around the time Draghi talks next week. Then the real party down begins

brada1013567's picture

I agree, it has been relentlessly headed there. The last time I saw a market like this was after QE (all of them) nothing mattered, you could have gone long Pig Shit Futures and made money. Though this time feels like everbody left the market except machines and shorts. 







brada1013567's picture

I agree, it has been relentlessly headed there. The last time I saw a market like this was after QE (all of them) nothing mattered, you could have gone long Pig Shit Futures and made money. Though this time feels like everbody left the market except machines and shorts. 







Keltner Channel Surf's picture

Agree, it's clear when volume drops due to a pre-big-data holding pattern predatory algos often enter and take advantage of shorts, if it was new longs volume would be much higher, plus IWM ended precisely at the weekly 200MA after starting at the next lower %volatility band on Monday, proving absolute machine precision in the smash-n-grab goal.

brada1013567's picture

I even stopped scalping after getting out by the skin of my teeth. watching movies and waiting.

I had a great week based on Monday and Tuesday alone.



lemontree2's picture

All that matters. Stawks are up. Still we could do with moar QE. Did not soar sufficent tonight. Could add some moar butbacks tomorrow please. I need to pay for my daughters tution fee.

Keltner Channel Surf's picture

Kafka on Markets:     * HFT’s magically step around your opening/closing limit orders, forcing you to chase the market: *

Before the Law stands a doorkeeper ...  a man from the country … asks to gain entry…, but the doorkeeper says that he cannot … at the moment.

The man … sacrifices all he has … to bribe the doorkeeper.  The doorkeeper accepts everything, but always with the remark: "I am taking it only to keep you from thinking you have omitted anything."   In his darkness he is now aware of a radiance that streams … from the doorway.

The doorkeeper recognizes that the man has reached his end, and … roars in his ear:  "No one else could ever be admitted here, since this door was made only for you!  I am now going to shut it."

brada1013567's picture

In my opion we are about to see a huge amount of fraud from the oil patch to everything else.

Rellorellin's picture

About to see? Sorry Pal...It has already been happening.

brada1013567's picture

Well your not my PAL, but I guess I should have said fraud revealed.

CarpetShag's picture

Less volume than Bruce Jenner's dick.

T-NUTZ's picture

this is a classic sharp corrective wave on diminishing volume.  the big one (down) comes next. 

Crash helmets, bitchez.

BarnacleBill's picture

Time to bring out the idea of buying gold again! It's never too soon.


Hohum's picture

Big investor that I am, I am $6.38 richer after today's trading.  Why if that happens every day for the rest of the life I still won't have shit.  Oh well.

DetectiveStern's picture

Your probably still beating a lot of hedge funds.