TPEx Index (Taiwan OTC market)

Traditional Chinese: 櫃買1 real trading day

The TPEx Index tracks stocks listed on Taipei Exchange, Taiwan's over-the-counter (OTC) market, which is home to many smaller and mid-sized companies. Day traders in Taiwan often watch it alongside individual stocks, because when the index turns, many OTC stocks tend to move with it. On the hand-drawn charts it is labeled OTC.

TPEx Index (Taiwan OTC market) in my real trades

Oct 29, 2026 (Thu) | OTC index sells off with almost no bounce

Oct 29, 2026 (Thu) hand-drawn illustration: In the first hour the OTC index sold off almost without a bounce; two days earlier the same kind of drop still had bounces. — **In the first hour the OTC index sold off almost without a bounce; two days earlier the same kind of drop still had bounces.**
Comparing the two first hours side by side, this day had almost no meaningful bounce. A straight-down market actually makes shorting stressful, because you never know when it will suddenly snap back.
Oct 29, 2026 (Thu) trading log →

Oct 29, 2026 (Thu) | OTC index moves sideways for 30 minutes

Oct 29, 2026 (Thu) hand-drawn illustration: After hitting its low, the OTC index moved sideways for thirty minutes. — **After hitting its low, the OTC index moved sideways for thirty minutes.**
Sideways action after a selloff is the hardest moment to read in day trading. It can break lower or rally. On this day every extra sideways bar raised the odds of a rally, so every short was kept short-term.
Oct 29, 2026 (Thu) trading log →

Oct 29, 2026 (Thu) | OTC index rallies, the stock can't follow

Oct 29, 2026 (Thu) hand-drawn illustration: After thirty minutes of sideways action the OTC index rallied, but the stock couldn't follow. — **After thirty minutes of sideways action the OTC index rallied, but the stock couldn't follow.**
The day's biggest fear came true: the OTC index finished consolidating and rallied. But the stock had fallen too far and still couldn't move up with it. When a stock lags the index like this, the short still has room.
Oct 29, 2026 (Thu) trading log →

Oct 29, 2026 (Thu) | OTC index spikes and fades

Oct 29, 2026 (Thu) hand-drawn illustration: The OTC index rallied, then fell back and closed that stretch at its low — it was weakening. — **The OTC index rallied, then fell back and closed that stretch at its low — it was weakening.**
The index couldn't hold its rally; the spike faded and closed at the low, showing the upward push didn't last. With the market weakening, it was time to look for a third short.
Oct 29, 2026 (Thu) trading log →

The hand-drawn charts here are based on my real intraday screenshots from that day; the original entry screenshots are kept.

Related terms

Sideways Consolidation · Spike and Fade

This website is a personal trading log and experience sharing. Nothing here is investment advice.