Info!! To A Greater Extent Than On Short-Term Stock Marketplace Set Momentum

I lately posted an initial await at momentum inward the stock market, drawing upon weekly data. This farther await makes operate of daily data.

Going dorsum to 2000 inward the S&P 500 Index (SPY), when the number of advancing stocks on the NYSE minus the number of declining stocks amounts to 20% or to a greater extent than of the issues traded, thus nosotros lead keep taken out the electrical flow day's high cost on the side yesteryear side trading solar daytime 69% of the time. Conversely, when we've seen such advance/decline forcefulness on the day, we've taken out the electrical flow day's depression on the side yesteryear side solar daytime alone 26% of the time.

When the number of number of declining stocks minus the number of advancers amounts to 20% or to a greater extent than of the issues traded, thus nosotros lead keep taken out the electrical flow day's high cost on the side yesteryear side trading solar daytime alone 29% of the time. But when we've seen such advance/decline weakness on the day, we've taken out the electrical flow day's depression on the side yesteryear side solar daytime 66% of the time.

Also going dorsum to 2000, if the electrical flow solar daytime closes higher upwards its pin cost level, the side yesteryear side solar daytime inward SPY has taken out its prior day's high 68% of the time. It has taken out its prior day's depression alone 32% of the time.

If the electrical flow solar daytime closes below its pin price, the side yesteryear side solar daytime inward SPY has taken out its prior day's high alone 31% of the time, only has taken out the previous day's depression 67% of the time.

What nosotros encounter is that forcefulness together with weakness tends to acquit over to the side yesteryear side day's trade, though non necessarily to the side yesteryear side day's close. (See here for to a greater extent than on that dynamic).
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