Market Lab Report - Premarket Pulse 8/26/15
| Published: | 26 Aug 2015 12:28 ET |
Major averages gapped higher yesterday morning by nearly 4% but suffered a sharp reversal later in the day to end in the red on lower volume. Futures are up almost 2% at the time of this writing as the People’s Bank of China said it will inject $21.80 billion into the financial system in a new easing effort, following yesterday's interest-rate cut by its central bank. As we have warned, expect unusually high levels of volatility as witnessed by the routine gap ups and gap downs in this news driven environment. As legendary trader Jesse Livermore once said, huge money is lost trying to trade the market when it should not be traded.
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