Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
Post-market Wrap (recording & summary) – If, Then… Market Timing

Post-market Wrap (recording & summary)

By Rod David | April 21, 2016 - 4:43 pm

The 3:10-3:20 window certainly didn’t trend down to fresh lows. The 2082.25 low was attacked, but not probed. The session’s last 60-90 minutes only ranged choppily sideways ahead of post-close earnings from GOOG and MSFT.

The cash session’s last minute spiked up to 2088.75 and then back down to the afternoon’s 2082.25 low. Breaking lower after the futures close plunged to 2078.75.

Regardless of the post-close plunge, sellers gained no traction Thursday, and no unfinished business below as left outstanding. Unlike the prior two sessions, Friday’s open need not gap up to launch a rally. So, gapping down anyway would be doubly-bearish.

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