Today shows a fairly textbook example in the electronic S&P 500 market of how and when Program Trades drive the market.
One thing to remember with TLA (Transaction Level Analysis), is that it works best when the markets are active. In a hum-drum market The Tape is also hum-drum.
Luckily, as traders, we frequently make most of our profits when the markets are active.
The graphic below shows just how prescient these 'machines' (which is what we refer to as the substantial Program Trades) are.
Hope that you think this is as neat as we do.
Have a great w/e.
One thing to remember with TLA (Transaction Level Analysis), is that it works best when the markets are active. In a hum-drum market The Tape is also hum-drum.
Luckily, as traders, we frequently make most of our profits when the markets are active.
The graphic below shows just how prescient these 'machines' (which is what we refer to as the substantial Program Trades) are.
Hope that you think this is as neat as we do.
Have a great w/e.
