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The initial move is instantaneous and is caused by algos preprogrammed to make automated trades based on the numbers in the news release. However, once the market has had a couple minutes to absorb and think about the news, the market may go in the opposite direction.

i looked at their affiliated website nightetfs.com and they have 3 ETFs - NSPY, NIWM and NSPl. Then I looked at each of the ETF's underlying component. For all 3 ETFs all they have are a single futures contract, and handful of cash equivalents.

During Regular Trading Hours, the bid/ask of most ETFs is rarely far from the underlying value of the ETF components. More than 80% of all ETFs publish the IIV of the ETF every 15 seconds so traders know that the underlying value is. During Extended Trading Hours, it is quite a different story...

The simplest way is to use two moving averages, a fast and a slow, and compare them. For example, if a fast average EMA(4) is greater than a slow average EMA(10), then the fast EMA is rising; otherwise, it is falling.

The price increases of oil/gas is not due to Biden policies. First oil production under Biden either equals or exceeds 3 of the 4 years under Trump - https://www.politifact.com/factchecks/2022/mar/09/facebook-posts/oil-production-bidens-first-year-par-trump/ Second, even if US oil companies...

My experience is similar to @rb7. I use IB Gateway, shut it down every Friday night, and restart it every Sunday night. I need to use 2FA at the restart on Sunday night. For the rest of the week IB Gateway restarts automatically at 9:45PM (configured) but does not need 2FA. Only once since...

The stock market is not a zero sum game. It is quite possible for all investors to make money or lose money on any given day. That cannot happen in a zero sum game.

A creative solution, but not a good substitute for real-time quotes. First the bars only include OHLC info, not the bid or ask, so if the bid/ask changes but no trades in the bar, your algo has stale data. Second I believe the lowest resolution that IB API allows is 5 second bars. That is way...

When I first started trading, 14 year ago, I contacted eSignal and they told their system was only designed for real-time charts and could only handle a couple hundred simultaneous symbols. It's probably much more now, but they lost me forever.

The IB API is not really design to deliver real-time quotes for thousands of symbols. First problem is that their API uses callbacks to the user function for quotes, it calls once for each quote field; i.e. once for the Bid Price, another call for the Ask Price, the Bid Size, etc. A lot of...

That's not what I see when I compare on Yahoo Finance: https://t.ly/_Cn4 Perhaps you can restrict your Stockcharts comparison to just the past 5 years since S&P reconstituted all the XL? indexes.

Do the same comparison for QQQ vs XLK and you will see the XLK outperforms QQQ.

I do wish traders would stop recommending QQQ as a technology index. Contrary to popular belief, QQQ is not a tech index. To quote the ETF's sponsor: Nasdaq-100 Index includes the 100 largest non-financial companies listed on the Nasdaq based on market cap. It just so happens that most of the...

Britain has many economic problems, but then which country doesn't. But don't think for a second that Brexit was not a big part of their problems: https://www.bloomberg.com/news/articles/2021-12-22/how-a-year-of-brexit-thumped-britain-s-economy-and-businesses Key Points: Exports from Britain...

With the disaster that Britain's economy has become since BrExit, the other European countries will think twice before abandoning either the Euro union or currency. https://www.newstatesman.com/economy/2022/06/britain-sick-man-of-europe-uk-zero-growth-oecd-economic-forecast-2023 Britain is once...

You should learn the rule of the 72's, which states that a quick way to estimate how long it will take your initial money to double is to take 72 and divide by the percentage growth rate. In your case 72 / 1 = 72. So it would take approximately 72 days at 1% to double. A 3% growth rate would...

Why do they need the source code to test it? I would think that the executable code would be sufficient to perform a test.

If you are using WiFi try plugging your computer directly into the router.

Because FedEx pre-released earnings after market close, and it was about as bad a forecast as I have ever seen. FedEx forecasted Q2 EPS of $2.65 vs the consensus $5.48 (which FedEx had confirmed in June). Furthermore FedEx is blaming macroeconomic (as opposed to company-specific) forces.