I’ve written previously about the bullish implications of an up September, but with one session left in the month, the S&P is still down a little over 1%. Barring a big rally on Tuesday, we’re looking at our first down September in a few years.
This is probably a good time to note that at Tuesday’s close
Last Friday and again on Monday, the Nasdaq100
A number of studies triggered on Thursday and Friday of last week pointing to
S&P futures are currently up about 5 in overnight trade. If the gain sticks into tomorrow morning and we see an open above
Below are the last 30 times
31 S&P500 components closed in the bottom 10% of their intraday range Wednesday vs. only 6 components that finished in the top 10%.
Friday is triple witching expiration
268 stocks within the S&P500 closed in the top 10% of their daily range Friday, compared with only 3 components that closed in the bottom 10%. That spread of 265 is the second-highest reading this year (the highest topping 300 on August 8th).