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

Pre-market Tour (recording & summary)

By Rod David | January 13, 2017 - 9:21 am

The narrow 2264.25-2266.25 overnight range had tried to breakout. It came late and was shallow, barely piercing yesterday’s 2267.25 last-minute high. And it was soon reversed back into the overnight range. Now the 8:30 econ reports have reversed the reaction even deeper, albeit momentarily, down to 2262.75.

Could that be enough of a rubber band stretch, so the post-open action won’t need a similar dip to resume the rally? Possibly. Already, the open is being greeted back at yesterday’s 2267.25 last-minute high. Not exploiting the opportunity would likely mean a deeper post-open dip.

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

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