Nearly 2/3 of the time the market has managed to follow through with more gains from 10am until the close. Stats are a little skewed by the huge 7.5% gain that occurred on 10/13/08. The average loss was fairly small at around 0.5%. Overall, a very positive start like we’re seeing this morning has often been good news for the rest of the day.
Of course there is a little speech today from Chairmen Ben…
4 comments:
Great article.. very informative and eye opening..
can you also post stats on buying SPY at 10:30am after full hour?
Interesting data. Might letting us know where you get the tick data from?
I know a blogger who said that and said to trade when first hour above 0 is buy the dips-day. He didn't tested it though, but a hunch. But its interesting first half hour is same.
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