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Post-market Wrap… Still some patience to go. – If, Then… Market Timing

Post-market Wrap… Still some patience to go.

By Rod David | September 14, 2015 - 4:30 pm | 2

Monday’s session similar to the prior several sessions, just in reverse, and in slow-motion.

Rather than test prior lows and then rally, Sunday night’s rally resolved into Monday’s testing of prior lows. And while testing prior lows eventually produced bounces, they were too gradual to accumulate momentum, which prevented an afternoon rally.

Rallying was also inhibited by thin participation during Rosh Hashanah worship services. That’s still a factor Tuesday morning, but much less so by the afternoon. Patience will be wearing thin with quarterly expiration just three days away, and the FOMC policy statement one day before that.

Details and other markets coverage were discussed during the post-market Wrap recorded here:
https://roddavid10.mitel-nhwc.com/join/pcrzmzx

After 6:30pm ET, use these links to monitor overnight Globex trading:
 XP-Friendly   ||   non-xp ilinc

Posted in Market Wrap, S&P

2 Comments

  1. Steve Marriott on September 14, 2015 - 4:54 pm at 4:54 pm

    Recording is the Pre_market Tour, not the Wrap. :(



  2. Mark Glezer on September 14, 2015 - 7:26 pm at 7:26 pm

    Rod, you accidentally posted a link to the Pre-Market Tour here. I missed the post-market wrap but could not listen to it because of the wrong link. Could you please re-post? Thx!