What's up with ES at 8:30 EST?

[himself]

Quote from Truckload:

Has anyone else noticed that the volume and volatility spikes at 8:30 EST are getting bigger and bigger?

This weird behavior extends beyond the ES to the YM, NQ, and the premarket trading of Spyders, Diamonds, etc.

I always thought these premarket spikes were some form of program trading related to European markets, but now I am begining to wonder what is up?

The number of contracts pushed through in just 2 or 3 minutes has lately exceeded the normal volume of 2 or 3 minutes during market hours. Weird.

Anyone know anything?

It is because market moving economic releases are often being made at 8:30AM.

Here is a site that will let you know what economic releses are due for the upcoming week:
http://online.barrons.com/public/page/barrons_econoday.html

 

[xednise]

Quote from Truckload:

Whatever it is you are sniffing you might want to close the cap now and go to sleep. Things will seem much clearer in the morning.

I'm not the one who has totally missed the effect the bots have on news releases. You might consider sniffing something to try and get YOUR game up to speed.