Listen closely--you can almost hear the tape burp!
Heads up Minyans:
I've seen some gorillas active in the early afternoon midst. A large QQQ buyer is now up to 5 beans (that would be million) and I've seen seven figure size SPY being bought.
There are two ways to look at this: Either it's indicative of a larger buy side interest or, as we saw last Thursday, the inability (of that kind of flow) to move the tape is telling us that there's supply in the Street.
Just passing along my eyes on a slow and drifty Tuesday.
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