In the Tradechat Rooms

Commentary, MiM, mim, tradechat

The MiM

The MiM started early neutral and as I checked in during the closing hours you could see a steady build to the sell-side.  That build caught the attention of the market around 3:30 pm and there was a steady 20 minutes of selling set up. At the 3:50 pm reveal, when it all becomes real, a 1.3B sell imbalance had already been sold off. 

HFT Alert

The HFTAlerts monitor picked up a sizeable count of program trades, 47.  They were mostly to the sell-side with only 13 buy programs and 34 sells. 

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Marlin Cobb (1068 Posts)

Marlin Cobb, aka RedLionTrader has been trading for over ten years. Previously, Marlin worked in high-technology with a specialty in very high resolution display controllers. Marlin’s recent work has been in market timing signals. As a developer of the MrTopStep imbalance Meter (MiM), he is also a leader in the MrTopStep IM-Pro Trading Room, where he shares trading ideas and breaking market news live from the floor with our other professional traders and new traders eager to experience the power of collective intelligence. Join us today and get the edge only social trading can give you.

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