Is an overnight rally continuing or reversing? One effective means I've flora for monitoring that is but tracking where my handbasket of stocks is trading relative to their opening prices.
If a rally is continuing, nosotros should run across dominant green: stocks moving upward from their opened upward together with finding institutional buying involvement (as large traders are specially active inwards early on hours).
If the rally is non continuing, nosotros should run across dominant red: those large traders taking profits together with selling into the overnight rally.
If you lot click on the tabular array above, you'll run across my handbasket of stocks together with how they were latterly trading this morn inside the kickoff one-half hr of trade. It's a squeamish means to run across the lawsuit of intermarket pullbacks inwards commodities together with bounce inwards the dollar. I role this data to handle me frame "reversion" trades dorsum to the middle/low destination of the overnight hit together with dorsum to the prior day's pin cost level.
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