Skip to comments.The Market Closes Strong Late In The Session - Is It Telling Us something?
Posted on 11/06/2018 1:02:22 PM PST by LRoggy
Will be interesting to see if the late spike was a buy program due to what is being seen at the polling stations . . .
If anyone really thought Maxine Waters was about to become Finance Chair it would have tanked.
Good to hear. The markets are seldom late on the news.
I’m starting to get that same sense that something good is coming.
R win. You doubted it?
Ask me tomorrow.
That makes sense, but if the worst happens tonight there are going to be a LOT of sell programs executed at 9:30:0001 tomorrow. The smart money may have been the ones selling today to all those buyers who pushed the market up over the last hour or 2.
Every body say a prayer for our nation. It can only help.
It’s certainly not bad news, but not much of a ‘tell’ either IMO.
I need some fake exit polls...
Broad move up today:
Don’t get snarky, I didn’t say anything except that the last 15 minutes saw a spike up.
If the Dems were winning big today, I would expect the same result (markets to go down) because of change and uncertainty. Therefore the fact that they closed strong is a good indicator in my opinion. For it means we will likely have status quo (Republicans in power).
D House/R Senate: Good
D House/D Senate: Very Bad
Now, debate accordingly.
Dont get snarky, I didnt say anything except that the last 15 minutes saw a spike up.
Snarky? I don’t get your comment at all. I was just showing the consistency in the indexes. They all moved up later in the day. That’s all.
Hoping for the best but the traders are not prescient.
Stocks have been recently oversold. Today, a rally: more buyers than sellers; that’s all. Tomorrow will be a down day. Not that Trump is bad for stocks, but you know the saying: buy on the rumor; sell on the news.
“FWIW, the market futures started going crazy around 9:30pm on Election Night 2016. That was one of the first indications that Trump was going to win. Now the futures were going down only because the markets hate change and uncertainty (and Trump winning was certainly an unexpected event).”
Once Trump’s path to victory on Election Night 2016 became apparent, the Dow futures went from down almost 700 points early in the evening to up about 600 points, a 1300-point turnaround. The day after the election, the Dow was up about 257. It was a beautiful thing to watch.
I saw that, too.
It’s a signal (not a certainty) that the Republicans will hold the House.
It would not have spiked like that if it thought the Democrats would win.
The markets have already digested the potential change by the election
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