Where the volume went
Sector trading volume measured against its own trailing average is the first read. Not what was said about a sector, what the tape did in it.
Ground control for your portfolio
We read which sectors are drawing unusual volume, check whether price followed, and write up what it means. No hype, no jargon, no fifty page PDF.
Published before the open.
The method
01
Sector trading volume measured against its own trailing average is the first read. Not what was said about a sector, what the tape did in it.
02
Flow without confirmation is noise. We check the tape against the flow before it means anything.
03
Positions are published with the entry price and date locked at the moment of publication. Nothing gets quietly rewritten later.
How the read is derived: each sector ETF's daily dollar volume, measured against its own trailing average and signed by the day's direction. That is derived from price and volume, not from fund creation and redemption data.
Ground control
Every figure a brief quotes comes from a measurement anyone can run again. Those measurements live in the console, alongside a good deal more that never fits in a brief: sector activity, buying and selling pressure, risk and drawdown on a holding, and a portfolio you upload from a file that never leaves your browser.
Sector activity against each fund's own trailing average, and the Flow Board behind the read the brief quotes.
Drawdown, volatility, value at risk and correlation, each stating the window it was measured over and the assumption it rests on.
Rankings shrunk by their own error bars, so a leaderboard built on three months of returns says how much of itself is noise.
Nothing in the console is a recommendation, and none of it places a trade. Every reading describes a window of history or states the assumption it rests on, and says which.
The brief
The flow read, what price did against it, and what we are watching. Three minutes, and only when there is something worth sending.
Major Tom publishes market research and commentary. Nothing here is investment advice, and nothing here is a recommendation to buy or sell any security. Do your own research.