[Trades & Tutorials] Important Market Insight From Friday You Can't See In The Daily Charts

Friday's Market Actions Reinforced An Important Inter-market Relationship That Could Be Influencing Your Trades.

I often hear traders naively say they don't think they need the Opening Range because they're not day traders. That's like saying… "I don't look at a weather forecast because I can't change the weather!" Here's what they're missing. The Opening Range is not limited to day trading.

More importantly… The Opening Range can give you unique insight into the condition of the long-term trends driving the markets that are affecting the value of your stock or ETF trades! And you'll never see this important insight on daily or weekly charts! For example… Look at Friday's closing data. You'll see…. SPY up 0.73% QQQ up 0.90% DIA up 0.69% IWM up 1.26% IVE up 0.80% TLT down 0.75% A natural conclusion would be that stocks liked the employment report and bonds didn't. It also appears as if stocks didn't care about the bonds being down. But that could turn out to be a very expensive mistake! Click here to continue reading the latest Trades & Tutorials post and learn why the market's had a very clear message for traders and investors that most will miss because... You can't see it in the daily charts. Best wishes for your trading, Geoff Bysshe President MarketGauge

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