SpyGate Detection Table: March 24th, 2021
Busy at the end of the day as we neared the 200 bot-level which is to the high side of normal. We are still seeing a negative deficit on the $Diff line, more stocks selling than buying during an STTProgram.
Price Action During Program Trades
On Tuesday, the first STTProgram trades detected were around 10 am and set up a downside move that was met with a buy program at 11 am. That was reversed around 11:30 am and from noon until 13:00 was a tug-of-war. At 14:00, when the early MOC data was disseminated, a solo buy kept the markets falling and around 14:45 the bots were catching onto a building negative MOC and down we rode with buy-side bots protecting the 3890 area.
Our 15:49:59 bot again correctly traded the pending MOC data for a quick negative scalp but all in all the markets held in that 3900 area. Checkout our MiM report for the close
For more details around the Market On Close you can see our MiM daily report.
What is an STTProgram trade?
SpyGate detects several different types of programs trades. The STT Program is a simultaneous triggered trade where a broad number of symbols trade at the same time with considerable dollar volume. As the trades are detected, the price action around the trade 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. This detector follows price action and accumulates adaptive knowledge using Machine Learning (ML) and Deep Learning Artificial Intelligence (AI) to deduce algorithms and program trades as they are executing. The first implementation detects STTProgram ( Simulatanousely Triggered Trades). These trades are in the many thousands and millions of dollars and are executed all at once on many different symbols. This product is under heavy development and is currently available free for our traders in our TradeChat trading room along with the MiM and live breaking news. You can join us by purchasing a subscription to the MiM.
