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NYSE Volume At Lowest 'Non-Holiday' Run-Rate Of The Year

Tyler Durden's picture




 

Today's NYSE total volume has a run-rate around 15-20% below its average for this time of day. This is 2 standard deviations below average and most notably the lowest non-holiday day/week volume so far. At the same time, volume in the futures market is even worse with S&P 500 e-mini futures (ES) trading volumes around 30% below their recent average. It is perhaps no surprise then that ES is jiggling in a narrow 3pt range between its lows and its VWAP/unch level.

 

NYSE Volume (averag run-rate for time of day) - spike down volumes are holidays (and July 4th week):

 

S&P 500 e-mini futures volume compared to recent average...

 

Charts: Bloomberg

 

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Mon, 07/30/2012 - 14:55 | 2663053 transaccountin
transaccountin's picture

we dont need no stinking volume. turn on the printers

Mon, 07/30/2012 - 15:20 | 2663136 flacon
flacon's picture

So that means it's easy for the markets to gain 10% - 20% in no time. Wealth creation is so easy. 

Mon, 07/30/2012 - 15:25 | 2663153 disabledvet
disabledvet's picture

You mean "turn on the prices." don't worry tho...you can call my "muy popular" for talking about it.

Mon, 07/30/2012 - 14:56 | 2663054 LawsofPhysics
LawsofPhysics's picture

If < low volume >

the < rally ON >

Mon, 07/30/2012 - 15:02 | 2663079 Stoploss
Stoploss's picture

Going to go watch some more paint dry-

Mon, 07/30/2012 - 15:11 | 2663104 JohnnyBriefcase
JohnnyBriefcase's picture

Worst. Crash. Ever.

Mon, 07/30/2012 - 15:31 | 2663182 walküre
walküre's picture

It's all running on fumes and make-believe.

You can't short this market. You can't trade this market. You can't hold longs in this market.

Everything gets obliterated, no gains allowed. The story line is a different one of course and the propaganda just serves one purpose. Keep the people distracted and misinformed.

The only ones benefiting from the focus on the "stock market" are the unproductive leeches that really don't have any talents or jobs to speak off. There's no difference between the street magician and his tricks to get your money or the guys on Wall Street. In the end, they are getting paid and you've lost money and time.

 

 

 

Mon, 07/30/2012 - 14:57 | 2663055 azzhatter
azzhatter's picture

Maybe they can convince Draghi to say nothing

Mon, 07/30/2012 - 15:22 | 2663142 flacon
flacon's picture

Saying NOTHING is saying SOMETHING. Creating "thing" out of "no thing" - it's what they do best. 

Mon, 07/30/2012 - 14:58 | 2663059 slaughterer
slaughterer's picture

Even some popular mid-cap growth stocks are trading virtually illiquid today. 

Mon, 07/30/2012 - 16:47 | 2663425 HungrySeagull
HungrySeagull's picture

We're sorry, your trade order cannot be executed at this time. Please try again later.

Mon, 07/30/2012 - 15:00 | 2663061 Cdad
Cdad's picture

It stands to reason...the total absence of participation.  After all...who is anyone kidding here?  Big banks have killed capital markets.  They will not be healed until such time as those who are responsible for breaking trust, laws, SEC regulations, etc...are held accountable.

But of course, if we can get daily volume to near zero...well, then we have an epic rally on our hands.

Way to go Wall Street!  You destroyed yourself.  Brilliant.  Bonuses all around!

Mon, 07/30/2012 - 14:59 | 2663067 Hippocratic Oaf
Hippocratic Oaf's picture

We still have an hour left. No worries. Zombies to the rescue.

Mon, 07/30/2012 - 15:10 | 2663099 Taterboy
Taterboy's picture

Volume doesn't matter. As long as Maria says,"We're off the lows of the day!"

Mon, 07/30/2012 - 15:25 | 2663154 Rick Blaine
Rick Blaine's picture

My personal favorite is when Bernanke talks up more QE...which of course causes the dollar to fall...and stocks to go up...

...followed by the clowns at CNBC (i.e., pretty much the entire crew besides Santelli) using the following terms (mix/match) as much as humanly possible: rally, strength, broad-based, hope, raised, boost, and confidence.

Mon, 07/30/2012 - 15:42 | 2663222 Taterboy
Taterboy's picture

And housing recovery, bottom, money waiting on the sidelines ready to come into the market.

Mon, 07/30/2012 - 15:01 | 2663073 Dr. Engali
Dr. Engali's picture

I've noticed the volume seems to correlate with the commentary on the Hedge. It's quiet today.

Mon, 07/30/2012 - 15:02 | 2663074 Jlmadyson
Jlmadyson's picture

Just waiting on the coordinated central bank bazooka.

Oh and it better be coordinated hahaha!

Mon, 07/30/2012 - 15:02 | 2663077 Hype Alert
Hype Alert's picture

It's all up to the machines now.  That's all that's left in the market.  Can they profit off each other or will it be a race to the bottom?  Which banker will win?

Mon, 07/30/2012 - 15:02 | 2663078 slaughterer
slaughterer's picture

Slaughterer rule #4: The lower the volume, the higher the ease of manipulation. 

Mon, 07/30/2012 - 15:03 | 2663080 T-roll
T-roll's picture

It's just the algos waiting for the Talking Heads to say something about how Europe will be saved, which should be around 3:55.

Mon, 07/30/2012 - 15:04 | 2663082 Jason T
Jason T's picture

today is rather boring 

Mon, 07/30/2012 - 15:12 | 2663105 valley chick
valley chick's picture

Indeed.   The calm before the storm.

Mon, 07/30/2012 - 15:23 | 2663148 flacon
flacon's picture

'cept for silver. 

Mon, 07/30/2012 - 16:02 | 2663273 sosoome
sosoome's picture

and natural gas.

Mon, 07/30/2012 - 16:18 | 2663326 Nobody For President
Nobody For President's picture

Oh yes, Silver was shiney today.

Mon, 07/30/2012 - 16:49 | 2663428 HungrySeagull
HungrySeagull's picture

That was not a storm in silver, just a breath of rain in the air before the big one arrives.

Mon, 07/30/2012 - 15:04 | 2663084 Haager
Haager's picture

Seems EVA suffers a BSOD today.

Mon, 07/30/2012 - 15:05 | 2663087 bnbdnb
bnbdnb's picture

Shouldn't the markets be pumped massively on low volume days? Is this an indicator of a lack of new money? They are all in?

Mon, 07/30/2012 - 15:05 | 2663089 walküre
walküre's picture

Draghi didn't really say anything of substance. But what he said put a floor under the markets for a few weeks when everyone is guessing what comes next. It's so obvious how Draghi has manipulated the show since last week. Not funny anymore Heads need to roll, possibly his.

Who do these people think they are fooling? Around me, everyone is getting more and more depressed about their personal finances and their economic outlook. Nevermind the outlook of their kids or grandkids. Those responsible for our failing economies and financial problems need to be taken out behind the wood sheds, beaten up badly and told to never ever come back. We need to take them out, one by one. This is like fighting the Mafia on a global scale. There is no police force or army that would be able to do this. Only a junta of well trained and well armed citizens can clean this mess up. In Europe as well as in the Americas and in Asia.

How would that look like exactly? I don't have an answer. But I know something has to be done. I see the pain in my friend's and family's eyes and I know that they're all at the mercy of these vermin who play everyone like a fuckin' hand puppet. Well, it won't be much longer. They are getting more and more cockey in their manipulations which means, they feel really safe in their enviroments or they think they're in their last stages and need to take whatever they can get away with.

Not much longer.

Mon, 07/30/2012 - 15:05 | 2663090 the not so migh...
the not so mighty maximiza's picture

They need new muppet bait.

Mon, 07/30/2012 - 15:32 | 2663190 Hype Alert
Hype Alert's picture

Dead muppets don't play very well.

Mon, 07/30/2012 - 15:08 | 2663094 Meesohaawnee
Meesohaawnee's picture

as long as bens stealth short ban is in effect should we expect anything else? just shut down the whole thing. means nothin now

Mon, 07/30/2012 - 15:10 | 2663101 linrom
linrom's picture

This is very bullish!

Mon, 07/30/2012 - 15:13 | 2663107 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

And the VIX is up.  I smell the trend reversal I have been waiting for.  Get short the dollar.  I don't care what you buy [cough, silver, cough], but get short the dollar.

Mon, 07/30/2012 - 15:21 | 2663141 slaughterer
slaughterer's picture

Why is AAPL up anyhow?   

Mon, 07/30/2012 - 16:02 | 2663255 earleflorida
earleflorida's picture

didn't you hear...newton's law of gravity isn't applicable to an iApples' superconductivity thingamajig uniqueness --- a modern day Higgs bosom paradox, decoupling from reality... where the future is all that counts?

Mon, 07/30/2012 - 16:49 | 2663433 HungrySeagull
HungrySeagull's picture

The future is here now, gone yesterday.

Mon, 07/30/2012 - 15:27 | 2663158 Shizzmoney
Shizzmoney's picture

The majority of us who may even want to play in the market have no cash, anyways.

Even some billionaires are getting scared; appraently, they know math!

http://nymag.com/news/business/themoney/jeff-greene-2012-8/

“I went to one living room in Liberty City; she was a single mom, 45 years old, 300 pounds,” he recounted. “All she was talking about was her $646 check which was coming in three days which she ­needed to buy more food.” This got the crowd’s attention, and the room filled with the sound of harrumphs. But it wasn’t this woman that set Greene’s mind on fire. It was her children. “One had been shot, one was in jail, two had gang problems.” He trailed off. “The role models those kids have—gang ­members—of course those kids are going to go in the wrong ­direction.” If the kids were given access to ­education, he continued, to ­after-school programs—

 

“Dream on,” Ferguson drawled in response, and the audience broke out in applause. “Dream. On.”

 

Greene gets this kind of reaction a lot. “Nobody gets it,” he grumbles, gunning over the boardwalk that leads from his boathouse to the beach. “I see David Koch a lot of the time. His policies are ridiculous. I don’t think he’s ever been to one of these schools where they have a rolling cart, where one computer has to go to different classrooms, and it can make so much difference, a $700 computer! I don’t think these guys realize, this is what they’re cutting off? To say to those kids, ‘Too bad, every man for himself’?”

Mon, 07/30/2012 - 16:06 | 2663282 earleflorida
earleflorida's picture

thanks for the link

Mon, 07/30/2012 - 16:52 | 2663439 HungrySeagull
HungrySeagull's picture

I build you a machine half that much cart is free.

 

Hell, I remember our first computer. A damn Tandy running off a cassette in the school. Right by the principal's office gaurded by two circles of access.

Mon, 07/30/2012 - 15:27 | 2663161 orangegeek
orangegeek's picture

Wave 2's  usually end on very low volume.  The Dow shows volume decline over the course of the latest wave 2.

 

http://bullandbearmash.com/chart/dow-jones-industrial-average-weekly-jul...

Mon, 07/30/2012 - 15:28 | 2663167 Squid Vicious
Squid Vicious's picture

wake me up when Maria says we're in the final shhtretch...

Mon, 07/30/2012 - 16:52 | 2663441 HungrySeagull
HungrySeagull's picture

Who is this Maria?

The one who squeals or the one who slaps you awake?

Mon, 07/30/2012 - 15:59 | 2663265 viahj
viahj's picture

so magical low-vol levitation in equities and a boost to bonds = no crash today?  good, leaves me another day to prepare.

S.N.A.F.U.

Mon, 07/30/2012 - 16:21 | 2663340 Satan
Satan's picture

Remember Atari tennis? That's what the ES has become...

Mon, 07/30/2012 - 20:18 | 2663820 I should be working
I should be working's picture

Anyone notice how the price action from 10-1pm looks just like the 2008 bear?

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