Depending on the size of the Market on close imbalance relative
to the day's volume, some traders will fade MOC when it is
countertrend, or play the trend if it is heavy - official data hits
at 3:50pm, so, for today, you could have put a limit buy order at
the VWAP on SPY and been rewarded for it. By no means is this a
consistent trade to take. Trader's choice. I post the
early data to the community when it's available.
MOC $714m sell side
Posted by te22 on 24th of Apr 2023 at 03:42 pm
MOC $714m sell side
What is MOC?
Posted by mastermind on 24th of Apr 2023 at 03:46 pm
What is MOC?
Mkt on close orders
Posted by Glad on 24th of Apr 2023 at 03:47 pm
Mkt on close orders
Depending on the size of
Posted by te22 on 24th of Apr 2023 at 03:59 pm
Depending on the size of the Market on close imbalance relative to the day's volume, some traders will fade MOC when it is countertrend, or play the trend if it is heavy - official data hits at 3:50pm, so, for today, you could have put a limit buy order at the VWAP on SPY and been rewarded for it. By no means is this a consistent trade to take. Trader's choice. I post the early data to the community when it's available.
OK, thanks for the info.
Posted by mastermind on 24th of Apr 2023 at 04:22 pm
OK, thanks for the info.