So I've only been in the market for a year. During that time one pattern seems extremely consistent to me and here's my thoughts on capitalizing on it.
The trend is the market finishing where it starts. Today is perfect example. All 3 major indexes start out green, they spike slightly at open, those gains fade towards lunch, market rallies back in afternoon.
The opposite is also reliable. Futures down 2% premarket.....pares losses by lunch 12-2....market dives in afternoon.
It has to be an 80-90% reliable trend. Now when the market opens mixed or flat, I wouldn't even fk with it. Also if the market has been going one direction for a while, and its due to turn, its even more accurate.
So today for example....i checked at noon and the Nasdaq had gone from like +.8% at open to -.3%....something like that. I know its going to end green...my guess was up 1%. Why not buy 100k worth of tqqq around lunch, and sell at 3:59? It would have netted me 4-5k.
I'm not saying it will work every time. But if it even works 60% of the time then its profitable. Thoughts?
Edit....seems to be most reliable when futures are down or up a fair amount....+.5-1.5%. Then the gains are pared on no meaningful negative news. Especially reliable when the market is due for movement in current direction.