FAQ

Frequently Asked Questions:

What is the closing imbalance and why do I care?
We have a whole section on the closing imbalance and how the data for our meter is gathered and how to use it for your end of the day trading. You can read that here in the About Closing Imbalances.

Are there other imbalance products?
We do intend to introduce more products based around this data set, they include personalized stocks to follow, sector imbalances, and index imbalances. These will be marketed for the institutional traders and priced at a much higher price point.

If everyone buys the meter, won’t the advantage of Early Look be nullified?
We are going to work hard to make sure that doesn’t happen.  We have set a limited amount of subscriptions we are willing to sell based on how much we think the market can handle.  Once we are full, subscriptions will be sold on a rotating basis at an increasing price point. As long as you keep you subscription current, you will always pay your initial subscription rate.  We do plan to fill up quickly.

Can I get a free trial?
The short answer is no, but we would like to explain. Our goal is to  bring out our meter in a price range that is available to all active traders.  The overhead of granting and managing free trials is larger than we want to burden the overall cost of the meter with.  We feel the cost of a one-month subscription to try the indicator is low enough (about the cost of a night out  for two).   If the meter does not work for your trading style, simply cancel.

What is the best browser to use and will it work on my mobile device?

The meter uses websockets in order to “push” data efficiently and quickly to your browser.  This is a feature of HTML5 which all “newer” browsers are a part of.  We are seeing some issues with the latest release of Internet Explorer 10 that is being looked into. You can test your firewalls and browsers by going here: http://websocketstest.com/.  All of those tests need to pass in order for the meter to work.  We recommend Google Chrome as a browser of choice and that is what we develop on. Firefox is also a nicely compliant browser.

About the Meter & Data:

Why does my meter stop working at 3:45pm ET?
At 3:45pm ET the “market-on-close” (MOC) orders are closed and there is no more imbalance data available.  At that point the market is in a closing mode and the specialist are busy closing the books.  The NYSE also releases the final MOC numbers so all the information is now complete.We shut the MiM off at 3:45 so as to not conflict with the universal publishing of imbalances by the Exchanges at 3:45 pm.

Why is John M's data that gets posted and sometimes tweeted so different than what I am seeing on the MiM? 
John sends out a more general view of stock that have imbalances to buy versus ones that are for sale. irregardless of volume. It is a straight no nonsense view of a mixture of stocks from all sectors and only represents the buy to sell ratio. It does not include dollar figures.

Why is the NYSE MOC number so different sometimes from the MiM numbers?
The MiM represents a select group of stocks that we feel predict the direction of the eventual published imbalance. Where the NYSE shows the whole market? ...The MIM represents a select group of stocks that we feel predict the direction of the eventual published imbalance. Where the NYSE shows the whole market.

What are the symbols you use and why those ones and can I get the list?
We use a select group of stocks that we feel predict the direction of the eventual published imbalance.  The stocks selected are monitored over time and replaced if they prove not to be effective to the overall desired result. The symbols used are at our discretion and are not divulged. We can provide individual stock imbalances to trading firms that are willing to sign a broker commission agreement with a broker on the NYSE

How do you get the data and why is it different that what I can get directly from the NYSE data set?
We use a select group of stocks that we feel predict the direction of the eventual published imbalance.  The stocks selected are monitored over time and replaced if they prove not to be effective to the overall desired result. The symbols used are at our discretion and are not divulged. We can provide individual stock imbalances to trading firms that are willing to sign a broker commission  agreement with a broker on the NYSE