The tech. areas had a decent close; but coughed up 2% of the daily gain after 2pm.
A quick look indicates similar actions in other equity areas, although tech. had the largest percent down.
The dollar value of trades to cause these large changes has to be VERY LARGE.
Any thoughts on this, other than trading the gains with the late day clock.............not a new event.
Am I going to have to become a late day, day trader with the etf's????
Thanks.
Catch
Comments
Let's see if the coming earnings reporting season can counter. I'm thinking the sectors to watch are technology, financials and energy.
https://www.investing.com/indices/indices-futures
Bob P. at CNBC has commented that this incredible volatility, including Monday's, was a result of LOW VOLUME buyers - that most institutional type buyers are not willing to buy at this point, and sell during the alternate gain periods.
With the political situation the way it is, it's really hard to not just pull all my investments out of the market and put in cd's.