The number of large blocks trading after the markets close is on the rise. Frustrated by the inability to execute large trades intraday, some institutions are turning to brokers to help them exit positions after the close.
A block trade is a permissible, noncompetitive, privately negotiated transaction either at or exceeding an exchange determined minimum threshold quantity of shares, which is executed apart and away from the open outcry or electronic markets.
Monthly and weeklys on indices are down for month and week. SP weekly has 1500,monthly 1450. If we correct ALL stocks will take a hit,thats why I sold everything, and bought TVIX. XLF broke 20 day and watch japan and china follow. Thats why I've been saying a pullback to low 6's. But rode this week for the push by mutual funds.If we correct %10 I see TVIX from 9-$12