Info!! Fascinating Finding: Shifting Chance Inwards The Stock Market

How much crusade tin nosotros expression inward the the U.S.A. stock marketplace position (S&P 500 Index; SPY) during the solar daytime session, as well as how much crusade tin nosotros expression overnight?

It turns out that the ratio of solar daytime crusade to overnight crusade has been shifting over time. I haven't seen this reported elsewhere, simply it's been hitting to those of us who follow markets both during the U.S.A. solar daytime sessions as well as overnight.

During 2007, the median absolute alter from opened upward to closed was .61%; the median absolute alter from the prior day's some the electrical current day's opened upward was .37%. Day crusade exceeded overnight crusade past times virtually 63%.

2008 was a to a greater extent than volatile year, as well as hence nosotros saw to a greater extent than absolute crusade during both fourth dimension segments. The median absolute alter from opened upward to closed was 1.06%; the median absolute alter from the prior day's some the electrical current day's opened upward was .58%. Day crusade exceeded overnight crusade past times virtually 83%.

2009, however, has given us a dissimilar look. The median absolute alter from opened upward to closed has been .93%; the median absolute alter from the previous day's some the electrical current day's opened upward has been .86%. Day crusade has entirely exceeded overnight crusade past times virtually 9%.

Stated otherwise, we've seen less crusade during the solar daytime session from 2008 to 2009, simply to a greater extent than crusade overnight.

What that may tell us is that many the U.S.A. marketplace position moves are occurring either inward reply to marketplace position movements overseas and/or inward reply to pre-opening economical releases. In damage of chance equally a component of pure marketplace position movement, we've seen equally much occurring betwixt sessions equally during them.

Note: See my follow upward to this post.
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