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Where do you see that?Trades with cats wrote:MOC inbalance keeps moving around, last tweet is was 550 million to sell. So wondering if we get another 10 points in ten minutes like yesterday's close. when the MOC was a huge buy.
Thank youTrades with cats wrote:Warren Meyers
@MeyersWarren
On twitter. No idea how he gets it but he does.
There is so much that goes on in the market that the pro's have access to and we do not that goes a long way towards explaining some of these moves.
MOC imbalance orders (401K’s, etc.) start floating around the floor in the early afternoon. They need to try and get large buyers and sellers matched up. The official numbers are released to the public around 3:45 p.m., but as stated, the floor traders (like Warren Meyers) have access to the mutable number all day. It frequently flips between buy imbalance and sell imbalance, but I do not start to really pay attention until it exceeds $1 billion either direction. For those that are unfamiliar, if the imbalance is $1.5 billion to sell, the market will “usually” drop in the last hour because the market makers have to buy the sell orders and if they can get the market down, they save money. However, if like yesterday, the imbalance was $1.2 billion to buy, they took the market up and obliged those buyers by selling them stock higher than the market makers bought it earlier yesterday afternoon.q2model wrote:Where do you see that?Trades with cats wrote:MOC inbalance keeps moving around, last tweet is was 550 million to sell. So wondering if we get another 10 points in ten minutes like yesterday's close. when the MOC was a huge buy.
Thanks,
Q