The S&P 500 has rallied more than 10% since its low on February 11th, and it has gotten there with heavy buying during regular trading hours. As shown below, the S&P 500 has averaged a gain of 0.06% since 2/11 when looking at the prior day’s close to the next day’s open. But the index has averaged a gain of 0.30% during regular trading hours from the 9:30 AM ET open to the 4 PM ET close. In today’s post-market Closer report, which goes out to Bespoke Institutional members daily, we take a deeper look into intraday buying and selling activity over a much longer time frame. The results we found are interesting and very surprising.
The Closer also includes its standard charts, large volume and price movers in the US equity market, and Bespoke’s Market Timing Model. The Closer is one of our most popular reports, and you can sign up for a trial below to see it free for the next two weeks!