I believe it is but the best thing to do is watch the pre-market on this (and the market indexes/futures), the early market/economic news, the Obama speech tonight, etc. Then, you can get a better feel for how the market will play out for the day. Usually, I tend to stay away from buying in the first 30 minutes after the open. Sometimes, you will see a gap up at the open and the gap is often (but not always) filled with a downward trend. REITs tend to move with the banks. If the financials are green, there is a good chance this will be green, too.