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— From yesterday”s post-close summary: – If, Then… Market Timing

— From yesterday”s post-close summary:

By Rod David | March 20, 2015 - 9:22 am

— From yesterday”s post-close summary: “Rallying overnight to greet Friday”s open by gapping up would be a credible start” to resuming Wednesday”s rally.
— This morning”s update: “Rallying too high overnight could send Friday”s open tumbling.”

Flip-flopping? No, it”s just that the overnight rally is now greeting Friday”s open at this morning”s bias-up target. Actually, 2-1/2 points higher. And actually it”s not just that. This is expiration, and expiration gaps are vulnerable to reversing direction immediately, substantially, and durably. Regardless of expiration, any opening gap is vulnerable if its overnight buyers/sellers don”t attract intraday sponsorship during the first 15 minutes.

We discussed what to watch for during the opening 15 minutes to know what today”s expiration intends to do — in the pre-market Tour, recorded here:
https://roddavid10.mitel-nhwc.com/join/zvswbyk

Posted in S&P