The pragmatic capitalist had a great post on the mystery buyer in the futures markets as of late (via zerohedge). I too noticed the the odd occurrence which seems to show itself on very low volume quite days. You know at im talking about, the futures touch, say the 200 MA, then out of the blue the "mystery buyer" rips the futures 10 handles on zero catalyst. What is the rush? A great example is today, veterans day. We all know participation is light on a holiday, but the mystery buyer still wants his futures. The moving averages are clearly the triggers on these buy programs, we tried getting through 200 day MA on the 15 min e mini TWICE, both times we bounce almost 10 handles on 40k contracts.SPY gunning is now ES gunning. It takes a great deal of money to move futures, even more than SPY. Let the market trade. Eventually traders will leave this manipulated house of cards, then where will we be? An illiquid market that means nothing, and it will cost 5,000 for a loaf of bread, but that doesn't matter because the dow will be at 50k.
Great links on this topic:
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