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Market Wrap (recording & summary) – If, Then… Market Timing

Market Wrap (recording & summary)

By Rod David | March 28, 2019 - 4:32 pm

Wednesday night’s initial 15-point drop and 20-point recovery had offered a glimpse of the intraday session. Thursday’s 5 and 10-point opening surges collapsed more than 20 points, and largely recovered. As inside days go, it was volatile.

Wide swings represent a broad-based willingness to express widely divergent opinion. Being range bound reflects an anxious reluctance to reinforce those opinions. But it tends to be only a temporary condition, with its eventual resolution being an order of magnitude compared to the range.

Throw a hard deadline into all of that volatility — such as two days of impending illiquidity — and strong-handed sponsorship becomes obvious. Whether that is a rush to the exits, or to cover and buy, trending at all on Friday should trend a lot. And trending early should extend.

Details and other markets coverage are discussed in the post-market Wrap recording here.
Monitor overnight Globex trading in the chaRTroom here.

Posted in Market Wrap, members-only, S&P