Disqus - Latest Comments for RobotTrader

Re: Paul Tudor Jones Exposed

RobotTrader — Tue, 28 Jul 2009 03:30:15 -0000

Yeah, they are phasing out the old blog site.

Maybe you can e-mail Marla and ask her how you can follow a particular poster.....

I'm not sure how to do it myself.

Re: 1 To 3 Years Of Securities Recalls Aka Forced Squeeze To Go

RobotTrader — Mon, 27 Jul 2009 19:05:06 -0000

Another day where firms with the absolute worst prospects rallied the hardest.

Pretty much a dead givaway that the market was going up today when favored junk plays like DRYS, HBAN, RF were up big in the pre-market and ran pretty much non-stop all day. Basically a sign that the little old ladies dropped their canes and kicked aside their walkers and ran pell mell towards the slot machines, knocking down the 240-lb. pit bosses in the process.

Never underestimate the motivation of an underinvested fund manager, patiently waiting for another correction but getting anxious. Evident today by some who threw in the towel and started buying all sorts of junk. The closer to Chapter 11 bankruptcy, the better.

Especially newspaper companies and homebuilders:

http://clearstation.etrade....

Funny how everyone and their brother is saying the market is overextended and many are trying to pick tops. Even Cramer is being cautious tonight, telling everyone that this run is over.

Yet all I see are more buying setups where mo-mo players are simply taking profits on the likes of IBD Top 100 screamers like SNDA, SOHU and rotating proceeds over to beaten down areas like the banks.

I mean, what happens when these junkers grind up and clear the 200-day?

Banks:

http://clearstation.etrade....

HMO's:

http://clearstation.etrade....

Meanwhile, every day there seems to be a bout of panic selling in various commodity areas, as the whole world is deathly afraid of a vicious dollar rally spurred by some happy talk from Geithner or Hillary in China.

Best to keep your eye on these:

http://clearstation.etrade....

And who would have thought that Ford would be hitting 52-week highs in the midst of a depression?

http://bigcharts.marketwatc...

Najarian was yelling as usual on Fast Money tonight telling everybody about the rabid call buying on WDC today as it hit a 52-week high. My guess is that this is the next mo-mo stock to get shanked:

http://bigcharts.marketwatc...

Who knows? Watch the overnight action here:

http://clearstation.etrade....

Re: Paul Tudor Jones Exposed

RobotTrader — Mon, 27 Jul 2009 13:35:51 -0000

All those guys on that video are now obsolete.

The MBA's with the short haircut and spectacles have now been replaced by tattooed, noseringed, 19-year old gamers with hair spiked up and colored green to look like "Green Shoots".

Bloomberg news screens are now blank. Risk managers don't want these kids to hear or see anything other than the price action on a 5-minute chart.

Instead of risks managers in shirt, ties, and suspenders, now you have Victoria's Secret models walking around handing out cans of Red Bull, Monster Energy, and Subway sandwiches to the 19-year old traders.

Instead of CNBC, FBN, and Bloomberg TV on the monitors, now you have live Metallica and AC/DC being broadcast in HD on Palladia.

Re: Some Weekend Thoughts By John Mauldin

RobotTrader — Sun, 26 Jul 2009 15:06:36 -0000

Unfortunately, like other "experts", Maulding completely missed the stock market crash. Instead, he was touting the "muddle through" scenario. Just as other pundits were talking about Oreo cookies, soft landings, etc.

Re: Some Weekend Thoughts By John Mauldin

RobotTrader — Sun, 26 Jul 2009 15:04:14 -0000

When you think about it, China is in an extremely vulnerable position.

They are sitting on a gargantuan pile of U.S. Treasuries, and a gargantuan pile of fx reserves.

We could bring China down in one fell swoop by simply defaulting.

Imagine $2.2 trillion in fiatcos and all those "fx reserves" vaporizing.

We have all the toys, electronics, clothes, and other China-made junk bought over the years. Its all sitting in our houses now.

What does China have? Nothing but a pile of promises to pay from the U.S.

LOL.....

Re: JPM's Carl Carrie On Algorithmic Trading

RobotTrader — Sun, 26 Jul 2009 10:19:14 -0000

Within the next 36 months, all commodity, currency, and stock products will be traded around the world, 24/7, in a flurry of electronic lotto ticket trading with huge transaction volumes.

Virtually everyone will have embraced daytrading as a "part time occupation".

APPL, RIMM, PALM will have come out with miniature hand held high resolution trading devices.

Everyone will be sitting around Starbucks, chatting and socializing, meanwhile their eyes will be glued bug-eyed to their miniature screens, fingers rapidly texting out trading commands.

The entire globe will be transformed into a mass of "active investors", billions of eyeballs watching the same data points, everyone trading based on the same TA signals, working on 5-min charts....

Imagine 1/3 of the world's population watching and trading GMCR, pushing a single stock up to thousands of dollars per share:

http://bigcharts.marketwatc...

Bingo parlors will be virtually extinct.

On-line video gaming by the 16-year old high school students will have been replaced by on-line stock trading contests.

The Las Vegas sports book will be downsized and replaced with a 40 ft. wide LCD screen displaying the SPY trading on a 15-min. chart with Bollinger bands.

Re: The Flash Trading Org Chart

RobotTrader — Sat, 25 Jul 2009 18:00:14 -0000

I guess we are going to have to watch the most heavily traded lotto tickets trade on a 1-minute chart for entertainment purposes, to see how well the "Channelingstocks.com" Program Robots buy and sell these issues thousands of times a day.

http://clearstation.etrade....

Wondering how the robots handle a scenario where they suddenly burst out of the channel and start going off in a different direction?

Primary examples would be the XLF, RKH, and KRE. They have been "pinned" in a small trading range for months.

Which way will they break?

And if so, how will the robots trade these once they break off in a different direction?

http://clearstation.etrade....

Re: Critical Response Against High Frequency Trading Starts Generating Momentum

RobotTrader — Fri, 24 Jul 2009 22:31:18 -0000

Like I said, within months, popular ETF's will be trading in the quadrillions per day, as thousands of new fangled HTF's will be building more server farms on the back doorstep of the exchanges and micro gaming these poker chips millions of times per day.

I mean, the volume of lotto tickets being shuffled back and forth is simply staggering as it is.

15 billion on SPY, over 2 billion on BAC and WFC today alone.

List of highest dollar volume NYSE issues today:

http://www.marketwatch.com/...

Re: Market Rips, Short Interest Plunges

RobotTrader — Fri, 24 Jul 2009 19:47:39 -0000

Some of these 10-day moves are just eye-popping:

http://clearstation.etrade....

Re: Market Rips, Short Interest Plunges

RobotTrader — Fri, 24 Jul 2009 17:07:39 -0000

Oh, by the way, the Coffee Bubble is still alive and well:

DDRX almost back up to the highs:

http://bigcharts.marketwatc...

Another new, lifetime, closing high on GMCR:

http://bigcharts.marketwatc...

Re: Market Rips, Short Interest Plunges

RobotTrader — Fri, 24 Jul 2009 17:00:04 -0000

Yet another day where multiple hedge funds must have folded.

You see, most funds have given up the typical "multistrategy" approach, investing long/short, in a myriad number of different instruments like stocks, commodities, currencies, private equity, etc. where they may have 150 positions.

Instead, many funds have stripped down and are now daytrading the SPY, QQQQ, etc. using 1-minute charts, trying to copy the HTF's by employing the "Channelingstocks.com" strategy. That is why the market has gone up virtually non-stop with no interruption whatsoever. All dips are being bought within the channel.

Other funds have given up index investing, because it is impossible for them to "catch up" from a horrid 2008 by gunning SPY, IWM, etc. Instead, they pick a "winning stock" and pile the entire portfolio into one issue. Or, alternatively, decide to short one particular stock that "must go down".

As a result, you see some spectacular blowups.

Wonder how many managers picked out RVBD, an IBD Top 100 mo-mo pick, and simply piled all their cash into one stock.

Now see what happens:

Down 16%:

http://bigcharts.marketwatc...

On the other hand, another fund may decide to short one particular overextended stock with their entire account. Like BIDU. Now check out what happens:

http://bigcharts.marketwatc...

Funny how some use fundamentals to pick stocks which are surely going to suffer during a depression.

NEW YORK (MarketWatch) -- Ingersoll-Rand Plc said Friday its second-quarter profit fell about 52% from a year ago due to substantial declines in sales volumes, an unfavorable product mix and a negative foreign-exchange impact. "Our revenues in the quarter came in at the low end of our guidance as we continue to see challenges in our major end markets," said Herbert Henkel, chairman and chief executive officer. "The decline in order intake was in line with the revenue drop and was off about 23% year-over-year. Excluding currency effects, orders were down 20%." The company also warned the U.S. non-residential construction and European markets continue to be weak.

Way too many funds were short this stock with a huge concentrated position, therefore the stock gapped up, and took off and launched 14%:

http://bigcharts.marketwatc...

Just another day where the unexpected happens, more guys are getting their legs blown off, but the 19-year old daytraders following the bouncing ball are making a killing.

Re: We Are Not Ungrateful...

RobotTrader — Thu, 23 Jul 2009 18:30:01 -0000

Another banner day for the Goldman Prop Desk.

The most epic NDX short squeeze since 1992, capped off by a breakout over the 200-day on the DIA and SPY, which probably all but destroyed the 3rd quarter performance of more than half of Goldman's biggest hedge fund clients.

Easiest and fastest money made by the GS Prop Desk was to run all the shorts out of the market, hyping up the fabled v-shaped, 2nd half recovery.

Now Goldman is making a killing on the other side, as they no doubt ran the tape to new extremes in order to pre-position for the earnings bombs dropping after hours.

Some of the stocks that ran the hardest were those which are absolutely the least likely to perform in a record-high unemployment environment.

Exhibit A is TrueBlue, "the leading provider of blue-collar staffing connecting approximately 500,000 people to work through the following brands: Labor Ready, Spartan Staffing, CLP Resources, PlaneTechs, and TLC. Headquartered in Tacoma, Wash., TrueBlue serves approximately 250,000 small to mid-sized businesses in wholesale, services, transportation, manufacturing, retail, and construction industries."

Can you think of a firm least likely to perform today?

Well, the stock was ramped up by 40% on all-time record volume:

http://bigcharts.marketwatc...

Other financial stocks, riddled with toxic assets, unmarketable derivatives, and other assorted garbage were also ramped.

Like Hartford, up 17% on no news I could find.

http://bigcharts.marketwatc...

And then there are the consumer discretionary stocks, like companies which install or maintain swimming pools. Wonder how many unemployeds are out there installing new pools in their backyards? Results were absolutely horrific:

Pool Corp. said Thursday its fourth-quarter loss widened to $11.6 million, or 24 cents a share. In the same period a year ago, Pool Corp. lost $5 million, or 10 cents a share. Sales fell 6% to $300.8 million. The swimming-pool company blamed falling home prices and slowing constuction for the loss.

That didn't matter today. The stock ramped 27% today. Again, just like SBUX a couple of days ago, on all-time, world record volume:

http://bigcharts.marketwatc...

Meanwhile, tomorrow we have to look and see where the Keno Tables will be tilting, as its pretty much a guarantee that there will be some rotation.

Perhaps some money will flee back into the U.S. Dollar and the AAA-rated "gilt-edged" U.S. Treasury securities.

Or maybe everyone will unload tech stocks and flee into some other sector, like consumer staples, biotech, health care, or whatever.

Money never leaves the casino. It simply rotates around to greener pastures.

Anyone see that red dress Becky Quick wore today? Man, she looked like a harlot out of Copenhagen. Warren Buffett must have been sitting at his desk with his jaw agape when he saw her on the monitor this morning.

And how about Michelle Caruso-Cabrera and Charlie Gasparino attacking the "no-name" bloggers today? Wonder what Dennis Kneale will be saying tonight. No doubt, he will have to add his two cents in.

Re: Lime Brokerage: "The Next 'Long Term Capital' Meltdown Will Happen In A Five-Minute Time Period."

RobotTrader — Thu, 23 Jul 2009 12:03:09 -0000

Clean breakout over the 200-day on all indexes........

Robots will be forced to buy en masse.....

http://clearstation.etrade....

Re: Frontrunning: July 23

RobotTrader — Thu, 23 Jul 2009 09:28:49 -0000

As usual, hedge funds are getting hacked to death by having overweighted positions in specific stocks. Its gotten down to guys gaming just a few stocks with their entire portfolio, just so they only have to "babysit" a few instead of many.

CELG and ISRG gapping up huge, as too many guys were short those stocks especially after the GENZ blowup yesterday.

Other Heatmappers like QCOM, SNDK are getting killed off the open, too many Riverboaters were caught long chasing momentum.

FITB gapping up huge after a microthin trading consolidation, no doubt, too many HTF''s were playing "Channelingstocks.com" with that stock as it vacillated withing a 4 cent trading range for 3 months.

Plain and simple, gargantuan bets are going bad all over the place.

Re: Morgan Stanley's Stephen Roach: "A Rude Awakening"

RobotTrader — Wed, 22 Jul 2009 21:06:25 -0000

Sorry...

Never underestimate the appetite of the Chinese for gambling.

If billions of new Riverboaters enter the market there, Chinese stocks could enter a super bubble.

Re: Sprott: "It's The Real Economy, Stupid"

RobotTrader — Wed, 22 Jul 2009 18:31:48 -0000

Another wild day for the high-frequency Program Robots.

They had a field day with assorted stocks today, looks as if they are now gaming the stocks which have the absolute worst prospects during a high unemployment depression.

Zale's launched 15% on no news I could find.

http://bigcharts.marketwatc...

I mean really, how many guys who have lost their jobs are going to shell out their meager savings for a diamond ring?

The the real winner today was SBUX, up 18% on world record volume of 75 million shares traded.

The Robots must have been power jamming that stock all day long. Note how there was not even a slight correction all day long. Every single "profit taker" was met with more rabid buying from the robots.

http://bigcharts.marketwatc...

Tomorrow, we can look forward to Ebay skying on their report, Cramer's favorite ISRG which is already up 17% in the after-life.

I mean, that stock has already rallied from $140 to $170 in less than two weeks, and they are piling on another $26 after hours?

Don't forget some of the forgotten low-grade hookers in tech land like VMW up 7%.

Probably 12 days in a row for the Nasdaq.

Meanwhile, I took a long position in some of these HMO stocks, while Obama bullhorns his health care program, which undoubtedly is going to fail.

And my guess is that these regional banks, the last short-selling haven out there, is going to get jammed any day now, so I bought some KRE today.

Re: The Day That Was - HFT's Superdominance

RobotTrader — Tue, 21 Jul 2009 22:27:36 -0000

Hilarious!!!

I guarantee that a few other junkers are being gamed by the supercomputers. Check out RF, HBAN, and DRYS, as they are always one of the "most active" on the CNBC pre-market ticker.

http://clearstation.etrade....

Pretty much a plethora of lotto tickets for these computers to trade and get their rebates. Pretty soon, hundreds of stocks will be getting microtraded on the NYSE, and soon we will be trading 5 billion daily.

Wonder what kind of chart software is used. Probably a 1-second chart and the tightest of Bollinger Bands.

Think of it as "Channeling Stocks.com" for Supercomputers...

LOL...

Re: Is The SLP The NYSE's Answer To Direct Edge's "Advance Look" Enhanced Liquidity Provider Program?

RobotTrader — Tue, 21 Jul 2009 19:18:28 -0000

My theory is that tomorrow, every hedge fund manager, every mutual fund manager, every daytrader is going to sell whatever has not gone up the last 3 days and buy SBUX, AAPL, ISRG, etc. tomorrow.

Re: Is The SLP The NYSE's Answer To Direct Edge's "Advance Look" Enhanced Liquidity Provider Program?

RobotTrader — Tue, 21 Jul 2009 18:00:37 -0000

ISRG, another Cramer favorite, is rocketing up $8 after hours....

Re: Is The SLP The NYSE's Answer To Direct Edge's "Advance Look" Enhanced Liquidity Provider Program?

RobotTrader — Tue, 21 Jul 2009 17:06:18 -0000

I suppose the Dark Pools and the Sigma X trading desk is buying AAPL after hours?

Re: Accumulation Volume Picking Up To Downside

RobotTrader — Tue, 21 Jul 2009 16:14:03 -0000

Another wild day for the Robots.

Early morning, it appeared that risk was out, so the dollar was bought, bonds were bought, and everything commodity or cyclical related was subject to maniacal chain selling.

However, when we dipped and touched the 200-day, an army of new Robots came in an bought anything and everything.

Now we have CAT surging on world record volume, SBUX bottlerocketing after the bell, and other assorted outsized moves caused by funds being way overweight specific stocks.

Just look at what happened to Lockheed today. Obviously, many were "hiding" in that issue as a low volatility place where they couldn't get burned.

Then you had all the solar stocks rocketing up for no apparent reason. Must have been a Chop Shop upgrade somewhere by some no-name firm.

Who knows?

Re: No Inflation Here

RobotTrader — Tue, 21 Jul 2009 00:25:37 -0000

Virtually every stock in every sector is getting floated higher by more confetti printed by the Fed.

9 days in a row on the NDX is unprecedented.

Just check out junker retail stocks like JWN, WFMI, etc.

The moves are simply stunning.

Re: Paulson Pwned

RobotTrader — Mon, 20 Jul 2009 20:57:12 -0000

Dennis Kneale going to town against the bloggers tonight....

Re: Gasparino Clarifies Liquidity To Attacking Bloggers Who Call GE

RobotTrader — Mon, 20 Jul 2009 17:43:17 -0000

Another 100 point showgoose.

Funny watching the crude oil futures, it seems like they were leading stocks, or maybe stocks were leading oil?

Chicken or egg?

Hard to say, but it doesn't really matter, since all stocks today are joined at the hip along with commodities.

No market has a mind of its own, its as if every inflationary item is bought or sold based on what everything else is doing.

They might as well get rid of most NYSE exchange stocks, since they are all following the USD/EUR anyway.

Investing in stocks has now been simplified to "inflation" or "deflation" only, red or black.

Just an endless series of bubbles.

First, the tech bubble.

Then the housing bubble.

Then the oil bubble.

Now the coffee bubble.

GMCR up $6 to a new, all-time, world record high.

http://bigcharts.marketwatc...

Re: Andrew Horowitz Interview With Matt Taibbi

RobotTrader — Mon, 20 Jul 2009 11:45:26 -0000

They are still trying to get the USD/EUR to turn the corner.

Amazing how the fate of the civilized world rests solely in the hands of the price action of USD/EUR, nothing else matters.

Every commodity stock, cyclical stock, emerging market stock, or infrastructure stock trades tick for tick with USD/EUR on the 5-min. chart.

Must be those 18-year olds manning the trading desks at Fidelity, Harvard, CalPERs, etc. They are all watching the exact same items, gunning the same stocks, all using the same TA signals in real time.