stock market is a rigged game

stock market is a rigged game

stock market is a rigged game 

stock market is a rigged game  ?

Surely not right? Well this guy thinks the stock market is a rigged game, cause he knows all the ins and outs. His name is Michael Lewis, author of a new book about high-frequency trading called "Flash Boys," this form of "front running" is completely legal.

He says The U.S. stock market is rigged, with elite traders buying access to a high-speed network that allows them to figure out what you've just ordered, order it first, then raise the price before your order is complete.

"The insiders are able to move faster than you," Lewis said on "60 Minutes" on Sunday night. "They're able to see your order and play it against other orders in ways that you don't understand. They're able to front run your order."

See the video interview below. 


The advantage adds up to less than a second -- in some cases a fraction of a millisecond -- but thanks to the powerful computers masterminding the trades, it's enough time to make serious money.

"One hedge fund manager said, 'I was running a hedge fund that was $9 billion and that we figured that the, just our inability to, to make the trades the market said we should be able to make was costing us $300 million a year.' That was $300 million a year in someone else's pocket," Lewis said.

I mean fucking hell, we get it, every trader knows the risks and manipulation that goes on everyday when they trade the global market. This guys comments is no surprise to me. But I put it up for your keen interest anyway. It is quite interesting.

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spx update - pennant patterns

spx update - pennant patterns

spx update - pennant pattern

The S&P seems to be holding and the bulls winning the race yet again as we keep hinting ;-) no reason to fall in the love with the downside so far. But I guess anything is possible.

Right now the pennant pattern on the S&P was broken out, which takes a bullish stance, and hitting new highs. Normally everytime the market hit new highs we did turn down a bit. But pennant patterns are seen as stronger bullish type patterns with higher targets.

I keep seeing many traders writing off the bulls, however we keep going higher on the market. Anyone else seeing a pattern there?

spx update - pennant patterns

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nasdaq chart 2014 - nasdaq chart 2014 update

nasdaq chart 2014 - nasdaq chart 2014 update

nasdaq chart 2014 - nasdaq chart 2014 update

nasdaq chart 2014 - nasdaq chart 2014 update

The nasdaq chart below, really shows why we have been bullish on the market. Our vip members know why too. This is not only a bull market, you can see just how accelerated things have become. While others are calling a top out there, I think that is a dangerous sport as acceleration geometric's on this chart means, there is much more room for the nasdaq to go higher this year in 2014. Just how high? Well that is anyone's guess.....however for the love of the good man upstairs, its pretty obvious when zooming back on the monthly chart like below, this chart does not look bearish to me!!!

nasdaq chart 2014 update

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