SpyGate Detection Table: April 1st, 2021
We ended the day with 132 program trades detected which is on the light side with just 14 occurring before the final two hours of trading (Final-2). Only $109M more buy programs than sell traded making it a very even day on the tape that continues to rise on low volume.
Price Action During Program Trades
The first detected program trade past the open executed at 9:46:58 ET, buying 345 symbols in 6.0K different trades for a light $76M. A series of sell programs tried to reverse the rising tape with three firing at noon that put the rest of the day into a sideways direction. Trading picked up during the Final-2 as the close set in with six programs firing off at the 15:50 market on close release. You can check that out in our daily MiM report.
SpyGate Detection Table: April 1st, 2021
We ended the day with 157 program trades detected which is on the light side, but they all came in the afternoon. While the number of buy programs and sell programs was pretty much even, the sell programs were much larger in size with $16B more to sell than buy.
Price Action During Program Trades
The first detected program trade past the open executed at 9:40:42 ET, trading 323 symbols in 6.3K different trades for $166M as a sell program. Two more sell programs fired at 9:44 into the morning low around 10 am. Around that time we fired 4 buy programs and one final one for the morning at 11:04:45 Past 11 am was mostly chop until the final two hours (14:00 to 16:00 close). As usual, most of the program trades were into the close.
SpyGate Detection Table: March 31th, 2021
We ended the day with 245 program trades detected, which is a good amount, but they all came in the afternoon. While the number of buy programs and sell programs was pretty much even, the sell programs were much larger in size with $16B more to sell than buy.
Price Action During Program Trades
The first detected program trade past the open executed at 9:50:02 ET, trading 322 symbols in 6.5K different trades for $98M. No sell programs were detected all morning and between 12:00 and 14:00, no programs at all were detected. For the “Final-2” hours starting at 14:00, the bots became active with the 14:00:08 trade foreshadowing a possible selling closing imbalance. Into 15:50 when the MOC is released we had only 23 programs all day, which means we had over 200 programs fire on the close.
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