Interesting buying this morning as others mentioned, especially...

Interesting buying this morning as others mentioned, especially with the subsequent change in market depth (pictured below). When comparing the COS to the last three trading days, today can definitely be seen as unusual. Not just due to the size of the top orders, but also given the fact these orders are largely all bid orders (indicating a buy order triggered them).

What this afternoon brings will be interesting, especially as it could confirm a breakout from this recent narrow range (see chart). Definitely a high potential trade given the speed at which it is expanding and hence the high likelihood of additional bullish announcements to act as a catalyst for a further leg up.

For me, it is the market depth which offers the most confidence. 10-11c are extremely heavy with orders (most of which are fresh orders indicating a return of buyers). Moreover, the US10yr has declined during today's session by about 1% to 1.666 providing reason for a further increase in the US market. With the Nasdaq performing so strongly last night, it is likely an increased focus will be on tech stocks such as DW8. Overall, I am keen to see (like most) what this week brings us.


15 Min Chart. Source: IRESS Viewpoint


Market Depth Including Histogram With Age Set at 1 Day. Source: Spark


Course of Sales Data. Source: IRESS Viewpoint