Monday, March 8, 2010

Futures overnight moves accounting for 63% of the recent move up

The G-Team is perhaps trying to be a little more discreet in this ramp job. On the run from March, I read that 80% of the increases were ramped on the weekends. This last little bear crushing run up was created 63% by futures and gaps up. Gaps are way more prevalent than they used to be. Blame it on the G-Team or on Globalization?

See table below and convince yourself

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Insightful and Useful Comment!