ES... some prices on the DOM with NO bids... in a world-wide market!

When was the last time you saw that?

("Buy the dippers" should exercise caution, IMV.)

 

Umm, circuit breaker. Just saw it a few days ago.

 

Yep, 2nd time same week, even 2008 did not have it twice same week if I recall correctly.

 

Globalization
Algorithms

 

this is good time to be trading.....sim!

 

Geez, you have been around during the GFC. What´s so surprising?

 

Can recall seeing the ES DOM with 2,000-4,000 bids and asks at each price. Today we've got single digits around the current bid/ask.

Larger money players have backed away from this market and perhaps the market in general. Small players should take heed. Not a good time to try to score an heroic stab at a low price.

 

This really drives home how crazy it has gotten. 6000 within a handle of best bid/ask 4 years ago. ~132 last week. 98% reduction!

https://www.wsj.com/articles/thin-l...es-risk-of-more-wild-market-moves-11583365788

 

Yes... I saw a thingy which tracks, "number of contracts within 1 point of current bid/ask".. as a yardstick of participation and liquidity. Currently, very low historically. Meaning, "big money has backed off".

 

It depends on the daily ranges.
When the daily ranges widen traders space out bids and offers. I know I do.

Typically if the average daily ranges doubles then depth should halve.
If the average daily range goes up 10 fold. Depth should decrease to about 1/10th