SpyGate detected 204 programs on the tape Wednesday which was 50 more than Tuesday. Total trade was well above average at $54B. There were fewer buys (95) than sells (109) and the imbalance on the whole day was $7B to the sell-side. Excluding the open and the close, the inside day was slightly negative at $91M. The open was a sell of around $514M and the close was a much stronger sell of around $6.2B. The AM and Mid-day sessions were active and slightly negative. The final-2 hours were a bit more positive outside of the close.
A very active am session had the sell around 10:00 am to the low. Those lows were defended all morning with buy programs up into the post-12:00 high when the markets went into sideways action. The closing 10 minutes were very active and slightly positive. The close itself wiped that bullish notion away as SpyGate detected a lot of selling to the green closing candle.
SpyGate is free to members of our trading community. Join Us: MiM
SpyGate detects several different types of programs trades. An STT program is a simultaneous triggered trade. The detector looks for a basket of symbols trading at the same time. The price action around these detected trades helps us deduce if the program was a buy or a sell. Our detector reports the number of symbols in the trade, the number of individual trades executed, and the dollar amount of those trades.
What is SpyGate?
SpyGate is a proprietary tape reader that analyzes price action on all the exchanges and sniffs out unusual trades. The detector follows price action and accumulates adaptive knowledge using Machine Learning (ML) and Artificial Intelligence (AI) to recognize algorithms and program trades as they execute. The first implementation detects STT Programs ( Simultaneously Triggered Trades). These basket trades execute thousands of transactions in milliseconds. The transactions are in millions of dollars. This product is under heavy development and is currently available free for our traders in our Trade Chat trading room along with the MiM and live breaking news. You can join us by purchasing a subscription to the MiM.
What are the Intraday Trading Sessions?
To fully understand how the bots are trading, we have broken down each trading day into sessions. These sessions overlap sometimes, but they feed into our ever-increasing datasets for our AI and ML training. These sessions are defined as:
Time Of Day
09:30 => 16:00
09:31 => 15:59
ALL (Excludes the open and the close)
Open (only the opening minute)
09:31 => 12:00
AM Trading session
12:00 => 14:00
14:00 => 15:49
Final 2 hours (excludes the last ten minutes)
MOC Reveal (trading around the MOC release)
Dquotes (trading around Dquotes release)
15:50 => 15:59
Final 10 minutes (actually 9, does not include the close)