Tuesday, May 7, 2024

Momentum Burst Notes

Average advance 22,28 percent in 4,02 days.
Upper 1⁄2 movers advanced 33,42%.
Lower 1⁄2 movers advanced 11,57%.

79% of momentum bursts start at the market open, while rest around 9:50-11:00.

The move ends around 11:44 on average.
24% had some form of gap up at 40% or more of the daily move.
In conclusion the initial move occurs from 9:30 and ends at 11:44, which makes
the duration about 2 hours and 14 min with a successive decline in momentum.
Most of the momentum develops around 20-60 min from the market open.







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