Interesting article on the overnight effect with nice graphics. I presume heavy options volume has made day trading more relevant than in the past. A win for the market makers.Citadel is printing money.
Overnight Effect
- Thread starter goodgoing
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2023 has been disappointing for overnight effects on SPY. Let's see 2024, if that is a trend or back to normal.
I have always preferred holding overnight because it's when you get the big gaps and either make bank or wash out...but it's all pretty stupid having to write a paper on something that shouldn't even exist anymore ..markets should be 24/7 like crypto where your stop losses can actually work (as long as the exchange doesn't crash)
They should put a cap on how much any one entity can own of any stock...and insiders should have to give 6 months notice before selling a certain percentage of there shares.
Anyway the anomaly they can't explain or are trying to explain here is wave count in a bull market versus a bear market. It's all part of the manipulation game where they gap up the stock ah preceding price moving lower to wipe out the shorts at open, and gap down the stock ah preceding a rally to wipe out all the longs at open. Simple cause and affect? Effect? Not so simple... is the market moving because of the manipulation, or is the manipulation happening because of the moving market? In the end it doesn't really matter.
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