Loading ...How To Outperform The Market With Just 30 Minutes Of Work Per Day
By now, the world and his pet rabbit is aware of the ‘odd’ ramp in US equity markets as the European Close looms each day. Today – once again – was no exception, so we thought it worth quantifying this magical – and now self-fulfilling ‘pattern’. In the last 4 months, if you bought the S&P 500 at 1100ET and sold at 1130ET, you would have won 55 times (garnering 129 points of profits) and lost 31 times (losing 70 points) for a total profit of over 59 points. This compares to the 53 point gain in the S&P 500 if you had just ‘buy-and-hold’-ed over that period… and a quick glance at the chart tells you all you need to know about volatility…
http://www.zerohedge.com/news/2014-11-12/self-fulfilling-reason-europe-closing-ramp
See my last post……