Sunday, July 27, 2008

Evening Trading Phenomenon

Until tonight, I had never previously noticed this phenomenon. I only noticed it because of the existence of tick charts. Time interval charts would never have revealed this occurence. Of all the various futures, including treasuries, stock indexes, crude oil, gold, and grains, the most actively-traded futures during the evening hours are the grain futures. Yes!

Look at the tick chart shown on my last post. While the charts printed fully across the entire screen on the grain charts, the tick charts for treasuries and stocks, crude oil and gold, only printed about 3-5 candles. While the grains printed enough trading activity to print 40-50 candles, even the highly-liquid S&P 500 and treasury futures printed only 4 candles during the same period. Wow! Interesting!