/biz/ - Business & Finance

>>18982733
>>18982781
>ETFs cause sectors to move together.
Agreed, I never said they didn't, particularly when the indices are so heavily weighted towards the big names. That wasn't what I was referring to, which explicitly would be the significant amount of movement made outside of extended and normal market hours and the lesser degree of movement made during market hours that has often times diverged, despite otherwise positive price movement, resulting in a lot of sideways movement this past month. >>18982433.

>You're not doing any real homework on this.
I'm going off of the numbers that we have for the past month.

Average of the Pre-market Movement (Magnitude): 1.23%
Average of the Market Hours Movement (Magnitude): 0.70%
Average of the Percent of Pre-market Movement Comprising Daily Net Gain/Loss: ~71%

Days in Which Market Hours Followed Futures: 14/22
Bullish Market Hour Divergences (Irrespective of Daily Net Gain/Loss): 2/22
Days in which a Bullish Market Hours Divergence Resulted in Daily Net Gain: 1/2
Bearish Market Hour Divergences (Irrespective of Daily Net Gain/Loss): 6/22
Days in which a Bearish Market Hours Divergence Resulted in Daily Net Loss: 3/6

Average Daily SPY Volume (Daily Net Gain): 109.97 million, 13 days total
Average Daily SPY Volume (Daily Net Loss): 111.66 million, 9 days total
Average Daily SPY Volume Rate of Change (Daily Net Gain): -4.4, monotonic, R^2 = 0.73
Average Daily SPY Volume Rate of Change (Daily Net Loss): Flat

>>18959918
The markets are apparently ignoring the Congressional Budget Office's projection that 10% unemployment will be here to stay throughout this year and all of 2021. Either that, or it's not getting reported widely enough.
>http://archive.is/jKYEK

>>18960054
Buy a wallet. Keep your cash in it. Come back to the markets in a month or two, once there's a clearer picture of how the reopening and recovery is going.

>>18958654
Last update of the week.

>Days w/ Drop on Open: 14/22
>Days w/ Drop on Close: 13/22
>Average of the Pre-market Movement (Magnitude): 1.23%
>Average of the Market Hours Movement (Magnitude): 0.70%
>Average of the Percent of Pre-market Movement Comprising Daily Net Gain/Loss: ~71%
>Gain/Loss From 4/8 Open to 5/8 Close: +9.24%
>Attributable to Pre-Market Movement (Assuming Validity of Point #5): +6.56%

>Days in Which Market Hours Followed Futures: 14/22
>Bullish Market Hour Divergences (Irrespective of Daily Net Gain/Loss): 2/22
>Days in which a Bullish Market Hours Divergence Resulted in Daily Net Gain: 1/2
>Bearish Market Hour Divergences (Irrespective of Daily Net Gain/Loss): 6/22
>Days in which a Bearish Market Hours Divergence Resulted in Daily Net Loss: 3/6

>Average Daily SPY Volume (Daily Net Gain): 109.97 million, 13 days total
>Average Daily SPY Volume (Daily Net Loss): 111.66 million, 9 days total
>Average Daily SPY Volume Rate of Change (Daily Net Gain): -4.4, monotonic, R^2 = 0.73
>Average Daily SPY Volume Rate of Change (Daily Net Loss): Flat