Every trading day at exactly 3:50 PM, something happens that most retail traders have never heard of. And it moves $18 billion. The New York Stock Exchange publishes something called Market-on-Close imbalance data. Fancy name, simple concept. It shows exactly how much institutional buying or selling is locked in for the final ten minutes of the session. Pension funds, index funds, and ETFs are all legally required to rebalance at the closing price to track their benchmarks. Once those orders are submitted, they can't be cancelled. The money HAS to move… every single day, without exception. The NYSE closing auction alone handles over $18 billion in daily notional value. And that data updates every second from 3:50 PM to the bell. If you’ve every seen the market surge or collapse at the end of the day, and you think what was that, it came it out of nowhere…well that’s the

Yesterday the S&P dropped 50 points on a fake tweet. A post on social media claimed Iran's lead negotiator had resigned and a missile had been fired. The market panicked. In minutes 50 points were gone. Then the news was debunked and the market recovered completely. Start to finish, maybe fifteen minutes. Some traders were holding positions they never planned for. Others were chasing headlines. A few had spent all week analyzing Iran developments and felt confident in their thesis. None of it mattered. The market does not care about your read. This is the market we are in right now. Whipsaws are not going anywhere. And next week there will be another one. Could be a rumor, could be a headline, could be another fake post that drops the market before you can verify it. You cannot research your way out of that. Speed and intelligence will not save

The market opened hot this morning. At 10 am ET I'm joining Tim Colby on State of the Market to break it down. I'll be walking through what I'm seeing in price action right now. Tim brings the macro view. Together we'll show you how both lenses work together… to read what the market is actually doing in real time. Not what it MIGHT do. What it's doing RIGHT NOW. Join us at 10 am ET. ⇒ JOIN THE SESSION Rock On, Voz