If this craziness in price is because POTUS followed my advice this morning, I do apologize. Seriously, even Larry Kudlow should have see that. Trading partner has biggest devaluation in a decade while your central bank jawbones rates up, macro Econ 102.
2000 tick chart so each bar is 2,000 transactions (not contracts). I added the time to the second for the start of the key bars. CNBC released their interview at 11:00 Mountain Standard. You can see the big boys pull their standing orders as the news reading algos trigger. In three minutes it topped and that big orange drop took less than 30 seconds. On the five minute chart relative volume hit 300%.
from HFT Alerts twitter feed
"those two large expansion bars on the 1m timeframe on $SPY at 1:02 and :03 caused by 2 massive buy programs: the first targeting 425 issues, the 2nd 500 individual issues."
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FB, GOOGL, AMZN, MSFT and AAPL.
These 5 stocks are now worth nearly $4.1 trillion. That makes these 5 companies the 4th largest economy of the world if you use GDP as a reference. Not bad for less than a million people employed at these 5 companies.
Their combined market cap increased $260B in just the past ELEVEN trading DAYS. Seriously.
ALERT: the warning signs for mean-reversion are very pronounced.
[Northman Trader,via you-know-who]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.