8:28 AM CT - Note how, afterwards the numbers, nosotros induce got been accepting value below the day's VWAP. I volition live on watching how nosotros merchandise relative to VWAP early on inwards merchandise to run into if we're going to deed lower vs. purpose early on weakness every bit a buying opportunity--a designing we've seen inwards recent days.
When nosotros induce got economical numbers coming out earlier the marketplace open, every bit is the illustration today (a listing of numbers scheduled is posted earlier the marketplace opened upwards via Twitter; follow the stream here), I similar to bring a hold back at how the hateful solar daytime construction looks earlier as well as afterwards the reports. That tells us whether the numbers are genuinely making a divergence inwards damage of how the marketplace is setting value for the day.
What nosotros run into earlier the numbers this morning time is that the marketplace is trading inwards a tight range, oscillating roughly the day's volume-weighted average cost (red line). If the numbers are going to brand a difference, nosotros should refuse this make as well as get establishing value higher or lower.
I volition update this nautical chart earlier the opened upwards as well as afterwards the numbers to rails the market's evolving hateful solar daytime structure--which, inwards turn, should attention us generate merchandise ideas on the day.
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