ok will do :)Originally Posted by Pascal
ok will do :)
We are at the steeper trend line.
We had two days of RTH- selling.
What are practical conclusions from this ?
I would say, if one is in a short from some intraday pattern, it would be ok to hold short overnight.
Betting that the weakness in Asia or Europe continues.
For longer-term long positions this is not enough to close them IMO.
even during the BREXIT event,
the pattern of the strongest selling during overnight continuous.
A more or less flat RTH.
a little selling RTH
another RTH buying session.
and the ON selling trend might turn up.
a RTH buying session.
----
something else:
I came across this article by Michael Ashton.
https://mikeashton.wordpress.com/201...r-less-mester/
He contrasts value, momentum and carry as drivers for equities.
As a metric he introduces 10y yield - 3month libor spread to show the carry as a factor.
I reproduced it as a ratio (not the right spreads on stockchart)
according to this, carry is not a strong factor currently.
... or carry has less impact on (long) positions
Last edited by PeterR; 08-05-2016 at 01:59 AM.
RTH buying
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