Tradechat Rooms: Yesterday’s Action

Charts, Commentary, MiM, mim

In the Tradechat Rooms

The MiM

Up-up-up, the China syndrome is in full gear and up we go into the close.  MiM did not have a big buy, so there isn’t new money coming in right now driving us to these levels.  Looking at the Buy and Sell likes, you can see the 3:50 pm reveal had almost 2B on both the buy and sell-side.  There is a whole lot of rotation going on. Looking at our A/D lines, the SP500 was 3.3:1 at the close while those lazy small caps were up just 2:1.  At some point, we should see the easy S&P 500 trader lag. Not today. 

Trade the close: Join in

HFT Alert

 A fairly busy day on the HFT Alerts.  I accidentally shut it off during the day so we missed some programs. Overall there were 24 detected programs, 18 buys and 6 sells.  A busy buy day. It was a classic trend up day, buy on the open/sell on the close. 

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