on my webiress platform I have volume alerts set for specific stocks that I sometimes follow and a few of them are for the banks, namely CBA and MQG etc
the volumes alerts are just a prompt and are based roughly on a big days volume, so if anything comes along out of the ordinary I will be alerted
Friday morning these volume alerts for these 2 fired almost within minutes of the open
also this big volume that caused the webiress alert to trigger was I believe the XT trade or something like that, they were big, it shows on an EOD charting package but not sometimes on intraday, strange :(
I didn't look at these banks until close and to my surprise I would've thought that with that big volume so early in the morning they were possibly breaking out or something, like doing it together, like in the same sector
but no, it imo, appears because of what's happening over in the Middle East some group has possibly just been planting shorts in the banking sector and it appears their on a winner already
that is cause the DOW is down and were in for a bad Monday open or did these guys know that ?
I've included 3charts MQG, CBA and also WBC, things to note is the huge huge increase in volume especially MQG and CBA and a couple have not moved or budged a cent really
MQG
CBA
WBC
P.S. possibly I'm wrong about the above, but if not I'd be wary about for the ST the banks
