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What sparked that rally today around 3:30?


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What sparked that rally today around 3:30?

  #1 (permalink)
sidney7g
Philadelphia
 
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What sparked that rally today around 3:30?

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 GaryD 
Orlando, Florida
 
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Posts: 6,461 since May 2011


Low volume and a lot of scared short positions.

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 pengi 
Tokyo, Japan
trading my rent money
 
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Crazy... gold dropped $30 in about 1 second

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 heywally 
Pismo Beach CA
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at 3:30 PM EST yesterday:

- market generally oversold in the big picture
- at the time, market was in a pullback off of a short term uptrend for the day, a day in which we had an upside reversal from earlier heavy selling
- too many Bears

"The Future Ain't what it used to be"
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  #6 (permalink)
TAJTrades
Here, GA
 
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Can you say HFT?

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 Jeff Castille 
Northern California
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In the words of Mick Jagger........"just like a new born baby.......it just happens everyday"

See attached zerohedge excerpt.........this is a trade I call the "push into the close"

I first learned about this from Damon Pavlatos......Linda Raschke's husband.

TIME OF DAY

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 tigertrader 
Philly, Pa
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sidney7g View Post
What sparked that rally today around 3:30?

There was quite a bit of buy programs going off at that time, which is evident from both the $TICK and $PREM charts, which as Jeff pointed out, is a daily occurrence caused by portfolio re-balancing among the leveraged ETFs.


https://seekingalpha.com/article/131795-leveraged-etfs-new-source-of-systemic-risk


https://traderfeed.blogspot.com/2009/04/leveraged-etfs-making-volatility-more.html

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  #9 (permalink)
 
tigertrader's Avatar
 tigertrader 
Philly, Pa
Legendary Market Wizard
 
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Same as yesterday...

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  #10 (permalink)
sidney7g
Philadelphia
 
Posts: 114 since Jun 2011
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thank you everyone, Cash close is something i am working on getting the hang of. that last half hour catches me off guard sometimes.

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Last Updated on September 10, 2011


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