Q: Just a simple question.
Do you know why the TSX and DOW both have a huge pop at 3:35pm yesterday - less than half an hour before closing? TSX jumped about 200 point, any news there? Thanks.
Do you know why the TSX and DOW both have a huge pop at 3:35pm yesterday - less than half an hour before closing? TSX jumped about 200 point, any news there? Thanks.
5i Research Answer:
It was the last day of the month, and it looked like computer algorythm trades kicked in across multiple markets. The day prior saw lots of computer-triggered trading as multiple stocks went below their 200-day moving average. But month-end usually sees high volume and often unusual activity.