NYA NYSE Composite 5-Minute Chart; NYA Flash Spikes +56% Above 19.7K then Flash Crashes to 12.7K

The NYA flash spikes +56% above 19.7K at the opening bell then about one hour later flash crashes retracing the move. This is how the saga played out today.

At 9:30 AM EST, a major flash spike occurs in the NYSE Composite. The NYA catapults higher from 12643.06 to 19763.65 a huge 7120.59 points, a +56.3% gain for a major index. Something is drastically wrong with the pricing and data feeds. Amazingly, Bloomberg, CNBC and Fox do not mention the blaring event. It is ridiculous that a major index would make such a move. The NYA price remains elevated above 19.7K. Internet business sites do not mention the wild move. What is going on? Perhaps the markets are subject to another flash crash event a la 5/6/2010.

At approximately 10:40 AM EST, the NYA flash crashes from the flash spike high at 19.65K down to 12.65K, a -36% crash. This is ridiculous behavior for a major stock index. The exchanges, business networks and internet are quiet about the event sweeping it under the rug before anyone notices. No doubt a fat finger or computer glitch will be blamed. This is extremely scary behavior and a serious omen that a major flash crash event may be on the come for the US stock market. NYA is at 12653 up 10 points on the day a marginal gain.

At 4 PM, the NYA finishes up 25 points, +0.2%, to 12668.21 a new all-time closing high. The NYSE Composite prints a wild spike high at 19763.65 a new all-time intraday high. The NYA flash spiked at the opening bell to 19764 a +56% gain and then flash crashed back down the same price amount about one hour after the opening bell. There is no information available behind the reason for the wild and scary behavior. 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.

NOTE: The Flash Crashes, Fat Fingers and Computer Glitches, Oh My! eBook by K E Stone is available from Amazon by clicking the link at the right. The eBook will be updated for the 2017 flash spikes and flash crashes and is slated for publication by Amazon in January.