Gotta love ZERO RISK in the SP500 = $$$

Oh look the stock index futures are rising overnight....SHOCKER....Same thing over and over and over.


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^^ just bizarre tonight though.. market looked weak in the afternoon down 1% from intraday high and then after close magically up half a percent on no news.. I get the levitation and follow through following a solid up day but today is weird. Also following Wednesday action that together signalled upside resistance

I took some risk off in my portfolio today but gonna look stupid if it gaps up in the AM
 
OTCkrak said:
looked weak in the afternoon down 1% from intraday high and then after close magically up half a percent on no news..
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A backtest I saw recently said that if you had bought the S&P500 everyday on the open and sold it at the RTH close every day for the last 15 years, you would have basically made zero dollars on balance....nearly the entire returns over the last 15 years are attributable to overnight gaps up. Crazy right.
 
SteveM said:
A backtest I saw recently said that if you had bought the S&P500 everyday on the open and sold it at the RTH close every day for the last 15 years, you would have basically made zero dollars on balance....nearly the entire returns over the last 15 years are attributable to overnight gaps up. Crazy right.
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Ive been trying to tell folks this for years. They brainwash traders to believe being flat at days end.


http://www.businessinsider.com/stocks-fall-during-regular-trading-hours-rise-overnight-2016-3
 
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