07/19/2012 Live Update

[nicha]

I can't recall who here had August 610 AAPL calls but since now they are in the money, think about selling them here.

That was me. Will be half out soon. The other half end of day.

All out by mistake. Still happier than yesterday and not so much of a loss as expected. I was worried abt GOOG earnings to keep it.

[SWalsh]

One lone ping by Benny and The Lloyd, for no one has the money to do that but one of the HFTs (HFTs are a privileged class of a mere few hooked right next to the exchange servers while thousands of Algos that trade are not directly next to the exchange servers and some are paying hundreds of millions of dollars for 6/100,000 of a second more speed to compete). And I don't believe, and particularly after reading "Dark Pools", that lone pings (stuffs) occur except in the case of the M for MANIPULATION button gets pushed.

As to the "buying of time", I read an article last night where in more than half the days of July-Dec 2011, GS made $100,000,000 or more trading. So you can see why trading firms in Chicago and other distant locations are laying lines through mountains in a straight line to try to get a piece of the money from mutual funds as they trade. The Law of Unintended Consequences is going to be a bitch some day, which is why when a financial analysts spoke of it in April on the John Batcherlor syndicated show on WABC the podcast was stripped of his appearance. If anyone reading this escaped from Cuba, I wonder what you think we are seeing here. My Ukrainian friends say a nightmare, and Miami doctors are prescribing a lot of Valium (really) to older Cubans who say this encroaching police state reminds them of Fidel's rise to power. I bring that up as who can you complain to about this when DOJ is loaded with top people from white collar crime law firms. These are all little things this "transparency" president doesn't want you to know, like his college grades. Is there an HFT Czar yet? To make sure the market is orderly, of course.

[fehro]

support or bust? red dotted uptrend

[BullBear52x]

FAS/FAZ got new look now.

[Al_Dente]

Unless there is a correction into the close, these P&F charts look real bullish
Traditional shows a buy signal at 1380

vv.png

ATR shows upside to 1385, 1402, 1419...

v.png

THANK YOU UEMPEL
What do u make of the bank P&Fs ? Note the last three are Eurozone banks
http://stockcharts.com/freecharts/candl ... ,SAN|E|D10

[shaca]

look at volumes...
just 1.18 upv/dnv ratio

is this reversal day?

1359 spx imo, 38% fib

[MrMiyagi]

FAS/FAZ got new look now.

WTF happened there? I know AXP missed taking V and MA down with it, BAC is tumbling, C not good...

[OverUnder]

That's one big wedge!

support or bust? red dotted uptrend

[snakehead]

One lone ping by Benny and The Lloyd, for no one has the money to do that but one of the HFTs (HFTs are a privileged class of a mere few hooked right next to the exchange servers while thousands of Algos that trade are not directly next to the exchange servers and some are paying hundreds of millions of dollars for 6/100,000 of a second more speed to compete). And I don't believe, and particularly after reading "Dark Pools", that lone pings (stuffs) occur except in the case of the M for MANIPULATION button gets pushed.

As to the "buying of time", I read an article last night where in more than half the days of July-Dec 2011, GS made $100,000,000 or more trading. So you can see why trading firms in Chicago and other distant locations are laying lines through mountains in a straight line to try to get a piece of the money from mutual funds as they trade. The Law of Unintended Consequences is going to be a bitch some day, which is why when a financial analysts spoke of it in April on the John Batcherlor syndicated show on WABC the podcast was stripped of his appearance. If anyone reading this escaped from Cuba, I wonder what you think we are seeing here. My Ukrainian friends say a nightmare, and Miami doctors are prescribing a lot of Valium (really) to older Cubans who say this encroaching police state reminds them of Fidel's rise to power. I bring that up as who can you complain to about this when DOJ is loaded with top people from white collar crime law firms. These are all little things this "transparency" president doesn't want you to know, like his college grades. Is there an HFT Czar yet? To make sure the market is orderly, of course.

Walsh: I don't understand ..... at 12:25 we had the HOD and that blip appears right after 12:25 --- then from 12:25 on we have a sell -off (law of unintended consequences?) Or are "they" manipulating the market down now?

[Petsamo]

Yea baby, let's do a red candlestick!

[MrMiyagi]

[johnnywa]

Market is a mess.

[Al_Dente]

look at volumes...
just 1.18 upv/dnv ratio
is this reversal day?
1359 spx imo, 38% fib

COOL thanks shaca

[joe-gamma]

attention honey badger, here is a map where to find the honey.

BB : time to go with strength in 10yr or sell weakness in midcaps and iwm?

cbt 10yr 719.png (9.67 KiB) Viewed 17933 times

seems that Trans and IWM lacked any buying on that last pop...

[fehro]

Is there an HFT Czar yet? To make sure the market is orderly, of course.

http://www.ritholtz.com/blog/2012/07/hf ... -circling/

[SWalsh]

all the bad headlines done for the day, still breaking through the morning high. i see no reason why we can't just gring up to 1281-1285 with ease

I have divergences as strong as I have ever seen that my rules tell me I cannot go long against because I have gone against them on a feeling too many times only to find a vacuum awaits my attempted exit. I'm looking for a move down and a corrective bounce to put a long-term short position on based on wave counts and what they are saying.

Have you anything telling you higher? Because if there are sell stops building under this mkt (like 99.99% times before) it will take merely a few 800 stock HFT hits to erase any rally as they know where all the orders are now.

For the amount of money people are trading here, you really owe it to yourself to read the book, "Dark Pools". There are two or three reviews I posted. One was 2 weekends ago. To learn that the "plumbing" is not fully known and that pockets of problems with it are searched for and exploited is worrisome when the "Flash Crash" is not thought to be cyber terrorism, but they can't rule it out as they are unsure of the security in the "plumbing". It's an eye-opening read as to what the markets were made into and the young man who started it all regrets that he did.

[shaca]

look at volumes...
just 1.18 upv/dnv ratio
is this reversal day?
1359 spx imo, 38% fib

COOL thanks shaca

just 1.00 trin
i think they are going to wait the last 90 min to move or the last 2 hours
anyway $NYA at +0,32% and $NYUPV:$NYDNV only 1.17 should mean that market is not buying..

[BullBear52x]

attention honey badger, here is a map where to find the honey.

BB : time to go with strength in 10yr or sell weakness in midcaps and iwm?

cbt 10yr 719.png

seems that Trans and IWM lacked any buying on that last pop...

We are at the early stage, it could just be a consolidation.

[SWalsh]

Is there an HFT Czar yet? To make sure the market is orderly, of course.

http://www.ritholtz.com/blog/2012/07/hf ... -circling/

THANK YOU SO MUCH FOR FINDING THAT ARTICLE!

I have done this for so long that there is a part of me that is saying to take a year or two off as they will have to implement a latency requirement (will cut down on quote stuffing) and stop blurring my vision as I try to read what is only a heuristic attempt at when it might be NOW that an HFT is going to hit.

And after reading that tragedy, here's some great comedy from Spaceballs of what I feel like many days...LOL:

http://www.youtube.com/watch?v=VeZ9HhHU86o

[Cobra]

MM target. 61.8% MM at $138.27 is logic. lunch time, will be back.