Sunday, March 7, 2010

Best Time to Be Long/Short Based on Time of Day

Bob English, The Precision Report
Below updates a previous chart we posted that breaks up the day into time segments (all times EDT) and plots net points for each period. Since the January 2010 highs, the first hour is where most of the losses have occurred, even during the most recent upswing. Since the February low, each other period in the rest of the trading day has been net profitable, though the closing hour the least so. The 1:30 to 3:00 pm time of day has been the most profitable intraday period for longs since the 2009 rally began.
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