One feature of a potent market--and a keen persuasion indication--is the might of stocks to absorb bad tidings in addition to sustain buying interest. We saw strength inward the preopening marketplace going into the gross domestic product annunciation at 7:30 AM CT, exactly when the tidings came out worse than expected, nosotros sold off rapidly on high volume. That led to a quick bounce in addition to a retest of the lows on much reduced volume. When nosotros could non sustain those lows, buyers entered inward forcefulness alongside potent NYSE TICK in addition to nosotros broke higher upwards the overnight highs to examination recent multi-day highs. Knowing expectations for economical releases in addition to seeing how markets merchandise unopen to surprises in addition to disappointments tin forcefulness out survive quite useful inward setting upwards morn trades.
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