Going to be a very hard Tuesday 1 Sep for the PPT

[neilgin1]

0630, 1 Sep 2015, Asia cratered last night, Europe is cratering now, American stock futures have the Dow down almost 300 points, 2 hours before the open.

Both Au and Ag "futures" are trading up a bit.

I think its time for me personally to turn off this device, and take care of business in my AOO.

one final thought, if the PPT, and their masters had ANY sense, they would just let the market trade, where it will trade, if it craters 5-10% today, so be it.

[Cu Penny Hoarder]

ES 1830 (last Monday's flash crash bottom) will be re-tested. It will fail and the market will drop precipitously after that.

Hold on tight.

[NHsorter]

http://www.marketwatch.com/story/nyse-invokes-rule-48-in-effort-to-smooth-market-open-2015-09-01?link=MW_latest_news

[68Camaro]

Rule 48 is interesting. I wondered why google finance stopped showing the asia percent losses this morning. They were showing them, then they just stopped and showed only the close without the delta drop.

[InfleXion]

They invoked Rule 48 last week as well. I'd be interested to know if that's some sort of precedent in frequency of using that rule. All it really does is allow the market makers to focus on making markets since they don't have to spend the early hours declaring positions.

[neilgin1]

ES 1830 (last Monday's flash crash bottom) will be re-tested. It will fail and the market will drop precipitously after that.

Hold on tight.

like a moth to flame, since Nov 1981 when I was almost 22, I would estimate 85% of every trading day, I was watching the ticker, mostly agricultural commodities, and some stock, crude oil. If I wasn't grain or pork trading, or crude, i'd just watch.

having done this, one can see patterns, whether the market is cooking, or moribund.

my point being, the PPT is fighting like hell, I would ASSUME goldman is hq, and the six too big to fail banks are in on it too.

I don't know this for certain, but i'm beginning to discern how they operate, it would be impossible to "support" multiple issues...stocks, so I believe they reserve their main attention and firepower on five companies: (which comprise a majority of the markets value)

Apple, Amazon, Google, Netflix and Facebook

not saying they don't goose other issues, but these are the battleground stocks imho.

do they trade stock futures?....maybe, but it would to me, (thinking with their craven minds) better to goose the underlying stock rather than the futures.

and have you all noticed how moribund the PM futures have gotten on these days? I would think that any savvy smart operator has realized the futility of trading PM futures in light of the seeming disconnect between the board and the physical. The once heavy hitter in the PM futures market is probably spending their trading day, lining up the actual metal to purchase, instead of continuing an exercise in futility.

just looking at the tape this last hour and a half, the only way the PPT will have any success is if the numerous funds and other strong sellers.....stop. the PPT is throwing unimaginable amounts of "money" (just Fed pressed digits) at these markets, and its being met with incredible selling power.

If I was a hedge fund manager, I would have been flat on stock, last week...no stock, and put the cash in 30 day Fed Funds, or 90 day tbills, and sold way in the money VIX puts, and trade from dollars to Icelandic Krona's.....but that's just talk.

[68Camaro]

Yep Europe down 3% and US PPT clearly fighting via sawtooth to stay above that. Volune driven of course but one does have to wonder the total amount being expended.

One also wonders if certain traders are using awareness of this fight to make their personal fortunes.

[neilgin1]

Yep Europe down 3% and US PPT clearly fighting via sawtooth to stay above that. Volune driven of course but one does have to wonder the total amount being expended.

One also wonders if certain traders are using awareness of this fight to make their personal fortunes.

an hour and a half to go, and it certainly seems as if the PPT is getting rickrolled.....all indices down 2 and a half per cent.

just a thought, if the PPT were cunning, they would dump everything right now, and actually short the market to the Nth degree, including shorting every futures contract bid on.....till the close.

"but that would be disaster".

sort of, BUT, it would set up tomorrow, meaning, when the mkt opens bad tomorrow as well, their buying in both stock and stock futures would be short covering, (cheap support)......and then follow that up with the monster of all monster buying sprees, because R as you said, there are probably non-PPT shorts in spades, which would be squeezed TOMMOROW.....

this all sucks, and i'm not advocating for such, just trying to figure...."whats next?"

[68Camaro]

They fought off a >3% >500 point decline, barely. If China goes down big again tonight the PPT might get overwhelmed in the morning.

[Cu Penny Hoarder]

They fought off a >3% >500 point decline, barely. If China goes down big again tonight the PPT might get overwhelmed in the morning.

No, market will gap WAY UP tomorrow.

[neilgin1]

They fought off a >3% >500 point decline, barely. If China goes down big again tonight the PPT might get overwhelmed in the morning.

No, market will gap WAY UP tomorrow.

implausible as it seems, I wouldn't be surprised

[68Camaro]

I love the news headlines exclaiming about the market volatility, when it's the governments that are creating the volatility in the process of forcing the market up to match expectation with their fictional view of how wonderful the world is (and how well they can control it). lol

Overnight the Chicoms forced the Shanghai market from a -4+% open to a semi-graceful -0.2% close, over a tortuous path of ups and down.

Bottom line is the the major market makers in US and China (and to lesser extent Europe) are using printed money to allow semi-graceful exits of anyone that wants to exit their current positions in the equity bubble. They are attempting to reset the market 10-20% lower rather than 50% or more. Some will be licking their wounds with losses, but those cut. Others will have perhaps saved some profits, and in some cases will be looking for other positions to take. What will those with cash be doing with their cash? Will they be sucked back into a losing game?

[neilgin1]

They fought off a >3% >500 point decline, barely. If China goes down big again tonight the PPT might get overwhelmed in the morning.

No, market will gap WAY UP tomorrow.

Penny....NICE read on the equities!

[neilgin1]

I love the news headlines exclaiming about the market volatility, when it's the governments that are creating the volatility in the process of forcing the market up to match expectation with their fictional view of how wonderful the world is (and how well they can control it). lol

Overnight the Chicoms forced the Shanghai market from a -4+% open to a semi-graceful -0.2% close, over a tortuous path of ups and down.

Bottom line is the the major market makers in US and China (and to lesser extent Europe) are using printed money to allow semi-graceful exits of anyone that wants to exit their current positions in the equity bubble. They are attempting to reset the market 10-20% lower rather than 50% or more. Some will be licking their wounds with losses, but those cut. Others will have perhaps saved some profits, and in some cases will be looking for other positions to take. What will those with cash be doing with their cash? Will they be sucked back into a losing game?

yeh, that's the $64,000 question, aint it?......I think the savvy players, in the final analysis DONT LIKE the casino type aspects of the new normal in equities......what happened to the cop and lock investors?, you purchase an issue, that has a sane P/E, its a solid company, kicks off a nice dividend....and you hold it?...and THAT becomes part of an individual's retirement assets?

I remember back in PUBLIC elementary school, in the late sixties, one year, the teacher had us pick a "portfolio" of 5 stocks, that we "owned"....this was during the age of the "Nifty Fifty", and that was what I concentrated my 5 picks on, I can remember three, IBM, US Steel, Xerox....and oh yeh, Kodak, and I think I did a food stock, and everything month, the top three student stock pickers were listed, and at the end of the school year, the top % gainer was the winner....that's what we USED to teach young folks. Now I got nothing against gay people, coz I believe in freedom, liberty and the pursuit of happiness, but now, instead of doing something like that, they force feed "LGBT Appreciation Month" in some of these school districts...oh well, different day and age now, huh R?

[Cu Penny Hoarder]

They fought off a >3% >500 point decline, barely. If China goes down big again tonight the PPT might get overwhelmed in the morning.

No, market will gap WAY UP tomorrow.

Penny....NICE read on the equities!

Thanks Neil. It's really starting to feel like 2008 again... I made a fortune trading the ES back then.

I don't trust brokerages and banks anymore, this is why I will never trade again. Gotta have 25K minimum for a margin account... rather invest that cash into barbarous shiny rocks.

[68Camaro]

I didnt realize that last night was the last night for the shanghai market for a week - closed for the next four days for vj celebrations. Collectively they went full court press before the holiday and the US market had nothing new to fear until next week.

[Cu Penny Hoarder]

I didnt realize that last night was the last night for the shanghai market for a week - closed for the next four days for vj celebrations. Collectively they went full court press before the holiday and the US market had nothing new to fear until next week.

This is the main reason why the US market will most likely be up today and tomorrow.

TPTB will also take this opportunity to smash down PM prices.

[neilgin1]

I didnt realize that last night was the last night for the shanghai market for a week - closed for the next four days for vj celebrations. Collectively they went full court press before the holiday and the US market had nothing new to fear until next week.

and on that 68, I read and view many alt-media sources, most of them I don't trust , as I don't trust the MSM, because they're either lazy in research, or they got a whole mess of tin foil on their conks. BUT, their are a few, who do their homework, one of the most sober, and coherent is James Corbett, a Canadian living in Japan...recently he posted this 21 minute report on China. I do believe it is WELL worth the watch:



n.