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Friday”s rally has extended higher – If, Then… Market Timing

Friday”s rally has extended higher

By Rod David | August 11, 2014 - 9:13 am

Friday”s rally has extended higher overnight, to indicate this morning”s open will gap up. That”s half the battle, with the other half being to extend higher after the open. It can be more bullish not to extend higher overnight, especially when the only news is the lack thereof. So, regardless of the opening print, watch the first half-hour for actual direction.

I”ll add post-open observations to this thread in the Activity Feed. Look for a reminder to join me in Livedesk at 10:45 ET.

Posted in Bigger Picture