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abigreen
May 8, 2020 1:24 AM

SPY after hours makes no sense 

Description

Boxes are after hour trading
Seams Feds stopped pretending and shamelessly are going full steam ahead.
Market is no longer market, Its privately owned arena for a madman.


Comment

this is taken from SEC website:
Manipulation
Manipulation is intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security. Manipulation can involve a number of techniques to affect the supply of, or demand for, a stock. They include: spreading false or misleading information about a company; improperly limiting the number of publicly-available shares; or rigging quotes, prices or trades to create a false or deceptive picture of the demand for a security. Those who engage in manipulation are subject to various civil and criminal sanctions.
Comments
Petrichor_
Maybe a smart group of lawyers will sue the fed. Won't help our shorts though.
abigreen
@Money2020_ET, agree.
Let's see how spy reacts to job report today.
If it does not dump on those bad numbers, I'll stay out of stock market altogether.
Petrichor_
@abigreen, I didn't think it would respond negatively to the numbers. I think we need a shoe to drop. Either something sudden in the international banking system regarding bankruptcies, overnight lending window shut, or the country closing again. Any of these things can happen in May. I'm stuck in long term puts that I don't think I should get out of, but this daily price action has been torturous.
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