SpyGate detected 222 STTprogram trades, 60 more than the day before. This is a normal day of trading. Buys were larger than sells resulting in a decent deficit of $5.4B to the buy-side.
Sell programs dominated the morning trades although the activity was quite light. After hitting the AM low around 10:20, like the day before, the markets climbed to the morning’s high just before noon. A double sell program fired at 11:51 and sealed the top into the afternoon. Only sell programs were detected from the 11:51 program until five news driver program trades fired at 14:12 on Biden news over China business. That trade bounced back and woke the markets for the rest of the day. Buy programs slowly began to dominate the markets. The markets caught wind of a strong close just 30 minutes before then end and buys had their way into the close and beyond.
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.