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Pre-market Tour (recording & summary) – If, Then… Market Timing

Pre-market Tour (recording & summary)

By Rod David | September 30, 2016 - 9:17 am

Yesterday’s noon hour plunge is losing more credibility as the overnight recovery persists into the open. Not resuming the decline at the open could allow end o’quarter portfolio window dressing to influence price action, possibly more so than it was impacted by yesterday’s price action. In other words, recover all of the plunge, and then some. The weekend’s impending illiquidity already influences Friday morning aggression, which should be extreme if a recovery is underway. Add to it what is constructively a three-day holiday weekend since Monday is Rosh Hashanah, and many market participants are at services.

Details and other markets coverage are discussed in the pre-market Tour recording here.

Posted in members-only, Pre-market Tour, S&P