I have tracked TWM since roughly April 2008. I don't have every day's data, but I have data on 172 times in which TWM has made a daily high that is after Noon EST. Of those 172 times, 137 times (79.65%) has TWM finished up for the day. (I.e., closing price up from the previous day's closing price.)
The above stat bodes well for TWM today, since its high has occurred afternoon. So does a similar metric: Of the times in which TWM finishes down for the day, how often does its daily high occur after Noon? Of the 197 times I have record, only 35 times (17.77%) did TWM have a high after Noon.
Also, three of today's economic data releases are summarized as follows by Yahoo Finance: ADP Employment Change report showed a smaller-than-expected increase in private payrolls. Keeping with the jobs picture, weekly initial jobless claims were in-line with expectations, but continuing jobless claims climbed more than expected. The ISM Services Index for May was in step with the prior month's reading and in-line with the consensus, but factory orders for April saw a softer-than-expected increase.
If you profit off TWM today, consider sharing some with a worthy charity. Best,
datta The big question is where we go from here ? I have a gold bug cuz that sees this continuing for quite a while . I also am in LHB and VXX. Had a great day today but wonder about Monday and beyond . Have any datta datta ?
Data, Thank you for sharing that info. I'm overweight the QID going into todays trading. Probably will sell the shares picked up near the lows yesterday in premarket just to be safe. Your info is valuable for traders looking to succeed in these volatile market times. Thanks again and I will share should it provide an actionable profitable trade. GL