Trading Analysis - 11th Jan 2019
11 January 2019
End of Day
Yesterday I wrote: "Same again as yesterday - a clear excess of Buys and yet the price still gets walked down...
Total volume only 1.3M of which 844K are Buys and 464K are Sells - an excess of 380K more Buys than Sells. One day closer to January newsflow."
Today I can write: same again as yesterday - total volume 1.3M of which 791K are Buys and 539 are Sells - an excess of 252K. However today the SP increases - it would have been by more than 3% had the end day auction not yielded an unrepresentative 40.5p end of day closing price (tuesday also had a highly unrepresentative end day auction figure - that time >0.5p higher than the real trading position.)
It seems that the market makers don't know which way to push this to increase volumes - the last two days have been almost identical in terms of overall trade balance but opposite in price movement. What do we call such a market ? Confused, irrational, misled, perhaps even un petit frit.
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