SpyGate detected 234 programs on the tape Tuesday which was 52 more than Monday. Bots are returning! Total trade was above average at $40B. There were slightly more buys (120) than sells (114) and the imbalance on the whole day was $7B to the buy-side. Excluding the open and the close (All), the inside day was also bullish around $400M. The open was a sell of $363M and the close was a decent buy of nearly $7B. The AM session saw average activity with 7 buys and 5 sells and left a $140M sell-imbalance on the session. Mid-day was light with 2 buys to one sell and ended with a small sell imbalance. The Final-2 was active and bullish with 21 buys and 6 sells and an imbalance of $500M to the buy-side. The decent buy on the close of $6.7B was a good indication of higher prices and longer-term buyers.
Despite the early barrage of buy programs, the tape fell to a morning double low between 11:00 and 11:30. A lower low hit at 14:00 when the final 2 hours of trading that was quite bullish with buy programs and supported by a bullish MOC indication on the MiM.
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)