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Thursday, December 26, 2024

The PreMarket Rally

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

Some fascinating stats the past 2 days – looking at a 2 minute chart during the normal market hours (between 9:32 AM and 4 PM) the S&P has rallied a whopping 3 points during normal market hours versus Monday’s close.  Including this push in premarket it is up 37+ points in the premarket since Monday’s close.   For those counting at home that is 92.5% of the rally since Monday in the after hours and 7.5% during the actual trading day.  Par for the course since 2009.

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/index.php/the-fund/holdings

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