Posted by chartboy on 24th of Sep 2020 at 07:42 am
Before making any decisions on volume, make sure you know what
you are looking at. In this case 75% of yesterday’s volume appears
to be a coordinated trade/trades. They were done as blocks of 4
mil, .5 mil and then 4.5 mil.
Trades of that nature are in no way comparable to the spikes
in volume you see everday when thousands of new investors are
entering a thinner, speculative security. In fact, I would dismiss
the value in that type of volume almost completely. First, because
it was likely only one or two buyers and/or one or two sellers.
Second, because the type of institution that would do that trade
likely is not making any kind of speculative bet solely on the
value of the dollar. Instead, it is probably representative of
hedging activity in a portfolio worth billions of
dollars.
Before making any decisions on
Look at this volume in UUP. Wow!
Posted by chartboy on 24th of Sep 2020 at 07:42 am
Before making any decisions on volume, make sure you know what you are looking at. In this case 75% of yesterday’s volume appears to be a coordinated trade/trades. They were done as blocks of 4 mil, .5 mil and then 4.5 mil.
Trades of that nature are in no way comparable to the spikes in volume you see everday when thousands of new investors are entering a thinner, speculative security. In fact, I would dismiss the value in that type of volume almost completely. First, because it was likely only one or two buyers and/or one or two sellers. Second, because the type of institution that would do that trade likely is not making any kind of speculative bet solely on the value of the dollar. Instead, it is probably representative of hedging activity in a portfolio worth billions of dollars.
thanks for your thoughts on
Posted by matt on 24th of Sep 2020 at 09:14 am
thanks for your thoughts on that