Public Chart List TSX and venture studies.... it leaves little to doubt about the heavy distribution on Wednesdays... quite a nice surge this morning.... A sigh of relief. The TSX and Venture continue to push through heavy distribution. I'm wrestling in my mind as to how the tax selling season is going to play out, what with the Santa Rally and January effect closing in us... HMMMM... somewhere in this is the triple witching.... Third Friday of every third month
What Does Triple Witching Mean?
An event that occurs when the contracts for stock index futures, stock index options and stock options all expire on the same day. Triple witching days happen four times a year on the third Friday of March, June, September and December.
This phenomenon is sometimes referred to as "freaky Friday".
Investopedia explains Triple Witching:
The final trading hour for that Friday is the hour known as triple witching. The markets are quite volatile in this final hour, as traders quickly offset their option/futures orders before the closing bell. If you are a long-term investor, triple witching will have a minimal impact on you.
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