Opening prices

         Use the opening prices question to determine how the opening price in any period relates to other key market levels.

Example:

         Opening price in <J> period is above today’s midpoint price.

Questions from Traders:

         When the market is trading above the midpoint late in the day, how often does the market maintain these levels? What happens when the market breaks below the midpoint?

Setting Up the Search:

Click on the parts of the box below where appears for explanations of features.

Answers:

         This search is designed to allow you to initiate or hold trades late in the day with a high degree of confidence and/or a clear choice of a stop price. The search shown above yielded 296 days in which the market opened <J> period higher than the current day’s midpoint. Refining the search, we found that over 72% of the time the market closed above the midpoint price under these circumstances. By examining those days in which the market did not close higher than the midpoint, we can see that trading below the midpoint often served as a target price for market liquidation.