And...... another 2.4% rally in the last hour
I am contemplating starting a hedge fund named "3 PM Long Short"
Long 3PM to 4PM
Short all other hours of the day
Using these new Triple Leveraged ETFs - should be able to make a few billions in just weeks.
As I said yesterday, these 3 PM moves have jumped the shark. But they have become self reinforcing. It will continue to work. Until it does not. Any day we are not down 5%+ at 3 PM just go long and sell at 3:59:55 PM. Rinse. Wash. Repeat.
For now it has gone beyond cheesy, but it continues.
Tomorrow we have weekly unemployment claims, the UK and European central banks will be cutting rates, and then Friday the monthly jobs reports. But really... just show up at 3 PM and place your chips. The 5 hour work week is dynamic.
