SpyGate detected 216 programs on the tape Wednesday which was 133 less than Tuesday. Total trade was above average at $45B, nearly the same as Tuesday. There were about the same number of buy and sell programs, 107 vs 109, but the imbalance for the whole day was $4B to the sell side. Excluding the open and the close (All), the inside day was less bearish with a sell-imbalance of just $125M. The open was a sell of $1.1B and the close was a sell of $3.4B. The AM had some action with 11 sells and 8 buys and left a $210M sell-imbalance on the session. The mid-day was light with only two sells and two buys. That session left just $10M to the sell-side. The Final-2 was about selling again as there were twice as many sells (20) to buys (11) and an imbalance of $211M to the sell-side. The sell on the close was a decent $3.4B and left a short-term bearish note on the day.
The day had its ups and downs but the bears and bulls wrestled for control and neither really advanced the ball. Consolidating gains after two large upside moves. The programs quieted down in quantity but managed to trade the same size as the day before.
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)