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Thursday, August 22, 2013

COMPQ Nasdaq Intraday Chart Trading Halted 12:20 PM EST

The Nasdaq ($COMPQ) halts trading at 12:20 PM EST at 3631.17. At about 1 PM, the Nasdaq releases a statement that "trading should resume shortly." At 1:33 PM, the Nasdaq says "trading will reopen at a time to be determined." At 1:45 PM, traders hear the Nasdaq may open within one hour or so but no one can confirm any of the statements and the Nasdaq leadership is quiet.  The Nasdaq is likely having trouble identifying the problem and are concerned that it will happen again if the exchange reopens.

 Note Added 2:22 PM:  Nasdaq is to resume trading at 2:30 PM with a 15-minute quote period. Full trading should be in place by 2:45 PM.

 Note Added 2:34 PM:  Nasdaq intends to reopen 'limited' trading at 2:45 PM. Obviously, they need to test the computer system at 2:45 PM with a few stocks first, before they open the whole way.

 Note Added 2:49 PM:  Nasdaq intends to reopen the system for quotes at 3:10 PM and then full trading should resume at 3:25 PM. Mass confusion. The clock is ticking.........

Note Added 2:56 PM:  AAME is going to be the first stock trading when the Nasdaq reopens in a few minutes, Atlantic American, so keep an eye on that one. 

 Note Added 3:07 PM:  AAME is showing a bid at 3.83 and ask at 3.88, and the numbers are fluctuating, now 3.85 and 3.88, but charts are not updating........

 Note Added 3:19 PM:  The mess continues. Some charts are starting to update, such as AAME, but they are on a delay. There is only forty minutes of trading remaining in the session. The situation is dicey and getting worse since Nasdaq does not want to provide any updates. Trading is supposed to be on line in a few minutes......... good luck .....

 Note Added 3:32 PM:  Nasdaq trading resumes at 3:25 PM. AAPL has a bid at 501 and ask at 499. Strange. QQQ is a bid at 76.06 and ask at 76.07. AME is a bid at 3.79 and ask at 3.85. There is AAPL in line now with a bid at 500.67 and ask at 501.06. Today's debacle is now dubbed the "Flash Freeze."
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30 comments:

  1. WeaverAugust 22, 2013 at 2:05 PM

    Volume way down on the SPX too. Bots have been gradually taking it up while we wait. And across some of the other websites/media, no one seems to be too concerned by this. KS, could we have a little meltdown here?

    ReplyDelete
    Replies
    1. Keystone SpeculatorAugust 22, 2013 at 2:26 PM

      Probably not, but confidence sure is shaken; thisi is the third computer glitch over the last week. Global exchanges appear on shakier and shakier ground; that could lead to a Flash Crash event like May 2010. It's a circus.

      Delete
  2. UnknownAugust 22, 2013 at 2:59 PM

    i wonder what this and carl icahns tweet while it was down is going to do to my aapl 485 puts.

    ReplyDelete
    Replies
    1. Keystone SpeculatorAugust 22, 2013 at 3:10 PM

      It is interesting that Apple lost 500 and then the 'glitch' occurred.

      Delete
    2. AnonymousAugust 22, 2013 at 3:13 PM

      I wonder why Carl's tweets are legal.

      Delete
    3. AnonymousAugust 22, 2013 at 3:59 PM

      How is this not illegal? Icahn is clearly an insider and announcing inside information via social media. It's a clear attempt to manipulate the stock price. Criminal, if you ask me.
      Mark

      Delete
  3. WeaverAugust 22, 2013 at 3:12 PM

    AAME's average volume is around 4700, is it not? If the NASDAQ can't handle that, we're in some trouble. The real test will be for the wider opening. (See you on Friday?)

    ReplyDelete
    Replies
    1. Keystone SpeculatorAugust 22, 2013 at 3:17 PM

      They are likely trying to determine if the order routing will work in the system, the glitch is probably due to pricing mix-ups and trouble with price quoting. Next few minutes are key.

      Delete
  4. UnknownAugust 22, 2013 at 3:16 PM

    Nasdaq will reopen greener than 'green, green grass form home'.
    A huge selling opportunity IMO to go to cash before Int.C of major 4 catches you in 1-2 weeks.

    GS guy

    ReplyDelete
  5. scottAugust 22, 2013 at 3:21 PM

    http://stockcharts.com/h-sc/ui?s=JNK&p=D&yr=0&mn=11&dy=0&id=p76679378268&a=310937947&listNum=6

    ReplyDelete
    Replies
    1. scottAugust 22, 2013 at 3:31 PM

      well with transports sportin horns, the gap breaking and the 50ma being nibbled at the bears better growl or go home

      Delete
  6. scottAugust 22, 2013 at 3:39 PM

    I'll make this call now - IF we break above 1680 then spx will close near the upper target (1784) and the major fall wont happen until AFTER OCT

    http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=5&mn=0&dy=0&id=p88780284991&a=308399180&listNum=6

    ReplyDelete
    Replies
    1. scottAugust 22, 2013 at 3:46 PM

      another chart that supports a year end high

      http://stockcharts.com/h-sc/ui?s=$SPX&p=M&yr=20&mn=5&dy=0&id=p20781046781&a=308262414&listNum=6

      Delete
  7. scottAugust 22, 2013 at 3:54 PM

    wow that 60 min gap is glue

    http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=2&dy=0&id=p75357405322&a=312297654

    ReplyDelete
  8. scottAugust 22, 2013 at 4:02 PM

    another 50ma failure - a pause to the cause! lol

    ReplyDelete
  9. AnonymousAugust 22, 2013 at 4:23 PM

    Hey bulls!

    Eat that and die!

    http://www.streetinsider.com/Credit+Ratings/Moodys+Reviewing+Large+Banks+Following+Reduction+of+Govt+Support+(GS)+(JPM)+(WFC)+(C)+(BAC)/8628077.html

    Moody’s: Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo on review for downgrade.

    Buy with your both hoofs, bulls !!!!!!
    Buy at the peaks!

    V.

    ReplyDelete
    Replies
    1. UnknownAugust 22, 2013 at 4:25 PM

      Now this is important, it's not a kiddie play!
      Thank you, V!

      GS guy

      Delete
    2. scottAugust 22, 2013 at 5:52 PM

      only fear would create such enthusiasm V...

      are you an alien by the way? lol

      just kidding!

      Delete
  10. AnonymousAugust 22, 2013 at 5:11 PM

    KS,

    You once have said that war is bullish for US stocks.
    Is it still valid?
    And also: on short, medium or long term?

    look at that:
    http://www.zerohedge.com/news/2013-08-22/american-israeli-and-jordanian-troops-and-cia-agents-have-entered-syria-le-figaro-re

    seems like your president thought how nice it would be to invade a country.
    Is there a single US citizen that could ask him why is he deciding such things without US Congress approval?

    In such muddy times does the world needs a war ?
    To become what ?
    WW III?

    Explain please to that 100% crazy president of yours to calm down and don't play with fire in a kitchen full of gas!

    V.

    ReplyDelete
    Replies
    1. AnonymousAugust 22, 2013 at 5:20 PM

      ''seems like your president thought how nice it would be to invade a country.
      Is there a single US citizen that could ask him why is he deciding such things without US Congress approval?''

      I would ask him personally but I'm not US citizen so I can't.
      In that big country of yours is there a single US citizen that could ask him why is he involving your country in one more international war?

      A Nobel Price winner for...peace ?????? I could spit on that!

      V.

      Delete
    2. Keystone SpeculatorAugust 23, 2013 at 6:59 AM

      Typically, as the war drums beat, markets become negative as fear and worry begins. There is usually a few period of weeks or months where the drumbeat continues and governments take verbal shots at each other, each one leading to an escalation. Just like the CPC and CPCE put/calls indicate fear and panic, leading into the start of a war this occurs, but once the bombs drop and the poor souls on both sides start to die, the markets recover and rally strongly as defense companies will crank out weaponry and machinery, and this ripples through all areas of the economy. March 2003, at the start of the Iraq War, was one of the best buying opportunities.

      Delete
    3. AnonymousAugust 23, 2013 at 7:09 AM

      Thank you KS.
      Please excuse my agressive tone, I'm just all fed up about wars in the world.

      V.

      Delete
  11. AnonymousAugust 23, 2013 at 12:53 AM

    ...keeping an eye on the inverted H&S under construction now on SPX 500.
    right shoulder needed at 1648.20 or 1643.60.
    Would target 1683-1685.

    Neckline (at it's highest peak before right soulder) still at or below 50 DMA.

    V.

    ReplyDelete
    Replies
    1. AnonymousAugust 23, 2013 at 1:52 AM

      I'm thinking at this IHS because I don't expect a lower low - it's Friday (and usually at the end of the week I observed that shorters tend to close their positions), it's a big POMO day, and although 50 DMA rejected price I think the chances to see a touch of 100 DMA now are close to 0%.
      I don't believe the bears can make such a great comeback on a Friday.

      V.

      Delete
    2. AnonymousAugust 23, 2013 at 1:56 AM

      ...anyway, a bottom at 1639 without a confirmation from cpc (over 1.10-1.20) or cpce (0.70-0.80) is very dubious.
      Very much complacency in this market ... getting long is easier than crossing the street!

      or not? :)?

      V.

      Delete
  12. AnonymousAugust 23, 2013 at 2:00 AM

    GS guy, are you ok? :)?

    http://www.marketwatch.com/story/goldman-sachs-banker-arrested-charged-with-rape-2013-08-23?link=MW_home_latest_news

    V.

    ReplyDelete
    Replies
    1. UnknownAugust 23, 2013 at 7:39 AM

      Oh, I'm ok V.! Wasn't me! :D!

      I'm green, long and strong, but not as in that article :)!

      GS guy

      Delete
    2. UnknownAugust 23, 2013 at 7:45 AM

      stop loss: 1635 in cash.
      It's a point where I am safe.

      GS guy

      Delete
  13. Keystone SpeculatorAugust 23, 2013 at 7:02 AM

    Watch XLF 20.12, that is an important bull-bear level.

    ReplyDelete

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