M&Ms are chasing volume today. I've seen lots of up side signaling today, and several 25 to 40 mil bid stack bottom holds. But as long as the herd wants in lower, I expect M&Ms will continue to fill them for volume fees. Rush hour is over and even though most accumulation is below yesterdays close. I have not actually seen any of that accumulation trying to be sold higher yet.
Rush hour evaluation, .004 isn't looking strong. Lets see how the pre lunch hour looks. May see some accumulation for sale higher. Want to see ask build larger. And bid smaller in the stacks.
10 block orders over 5 mil closed, .003 and above, they should work to get things higher. We'll see.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.