bottom chart: The following intraday charts from Bespoke Investment Group show that stocks have been fading into the close more times than not, according to Market Watch. Source: Bespoke Investment Group Caption outside of wrapper for normal article images Stocks have been selling into the close lately. What used to be a trend of late-session buying—a trend that had emerged in the wake of the U.K. decision to exit from the European Union on June 23—has morphed into a pattern of selling. During the period dating from Aug. 16 to Oct. 17, in blue , the S&P 500 index SPX, +0.22% has given up its gains, rather than rallying toward the end of the session, demarcated in green. One is around 10:30-11 a.m. Read: Chart watcher: Stop comparing 2016 stock market to 1987 The bottom chart in the graphic drills down into those recent selloffs, pinpointing them to three periods in the day.
(news.financializer.com). As
reported in the news.
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