Opening-Bell Ploy Is Wearing Thin

Opportunistic as ever, Day Boyz have been using the opening bars of each session to get as much boost as possible from short covering.  It’s hard not to notice that they’ve been meeting with diminishing success with each new day. Unless there is ostensibly bullish news to greet the day, their rinse-and-repeat tactic may not even get off the launcher today. When was the last time the market opened lower and kept going? I don’t recall, but it would certainly be a refreshing change.  ________ UPDATE (10:27 a.m.)  And now we have yet one more session with a (likely) intraday high occurring on the opening bar. Considering the news — a fraudulent 4% GDP growth — the short squeeze was the feeblest we’ve seen so far.