Wednesday, December 28, 2016

NYA (NYSE Composite) Index 5-Minute and Weekly Charts; Flash Spike and Flash Crash Behavior 12/27/16

Something fishy went on with the NYSE Composite on Tuesday, 12/27/16, but no one is talking. The light volume trading may be allowing the gremlins to wreak havoc. You can see the +5% flash spike in the NYA after the opening bell. That should have set off alarms; a major stock index moving 5% in a matter of minutes. There was probably a malfunction in the computers or someone slipped a digit. The assumption is that all trades will hold that took place at the elevated numbers in derivatives that key off the NYSE Comp.

The NYA retreats off the highs then flash crashes from 11550 to 11150, 400 points, -3.5%, in a couple minutes time returning to normalcy. Perhaps a major flash crash is on the come? That candlestick on the daily chart is humorously giving all market participants the finger. Watch your wallet. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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