I sure hope someone else is profiting off this besides me. I've been watching this for over 13 years. It is the easiest way to profit if your an in and out trader.
Im on chapter 6 of a new book. The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution Book by Gregory Zuckerman In chapter 6 they talk about the overnight effect. Buying late in the day, and selling the next days open. Gee....where have I seen that before.
Folks.. get long for the Sunday night open......Easy money...the FOMC is rigging the markets. Very little chance for a correction.
Ok folks like shooting fish in a barrel. The overnight rally is one of the easiest trades there is. The index futures float high overnight 79% of the time. Not every night but enough that its a profitable strategy. Consider it a gift. Saddle up now.