SpyGate detected 331 STTprogram trades which is 71 more than the day before, an active day of trading. There were slightly sell programs than buy programs. The sells dominated in the afternoon trades and ended with a difference of $13B more in sells than buys than sells on a day trade traded $59 in programs. A busy bot day.
I ran out of time marking all the bot action on my charts. Market reaction to increasing inflation was bearish and the Bots took advantage starting around 10:30 and firing 13 selling trades before 11:00. There were some defensive buys but not enough to turn the tape around. Market rose going into the 11:20 but the trend continued to be downside and the bots returned just after 11:40 and sold down into the 12:00 lows
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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.