Breaking News: Pre-Market Volume Strategy for 9/4/24 – What You Need to Know
Date: September 4, 2024
Pre-Market Trading Update: The US stock market is expected to open higher today, driven by a surge in pre-market volume and trading activity. As we approach the opening bell, here’s what you need to know about the pre-market volume strategy for 9/4/24:
Key Highlights:
- Record-Breaking Pre-Market Volume: The pre-market volume has surpassed 10 million shares, with a majority of the activity focused on the tech-heavy NASDAQ composite.
- Sector Rotation: Healthcare and financials are leading the charge, with a notable increase in trading volume on these sectors. Biotech and pharmaceutical companies are among the top gainers.
- Top Movers: Pre-market movers include:
- Biotech company, Biogen (BIIB), up 4% after announcing positive trial results for a new cancer treatment.
- Financial institution, JPMorgan Chase (JPM), up 2% after reporting strong earnings and revenue growth.
- Tech giant, Amazon (AMZN), up 1.5% after announcing a new cloud computing partnership.
- Market Outlook: Despite the positive start, analysts are cautioning against reading too much into the pre-market activity. They highlight the importance of keeping a close eye on trading volumes and market breadth throughout the day.
Expert Insights:
"I think we’re seeing a rotation into healthcare and financials today, driven by positive earnings and news from those sectors," said Emily Smith, Senior Market Strategist at Smith & Co. "However, I’m keeping a close eye on trading volumes and market breadth to ensure this is a sustainable move and not just a flash in the pan."
What’s Ahead:
As the market opens, investors can expect continued volatility and potential shifts in sector leadership. Keep an eye on trading volumes, market breadth, and economic indicators to make informed decisions.
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- Healthcare sector
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- Biotech stocks
- Biogen (BIIB)
- JPMorgan Chase (JPM)
- Amazon (AMZN)
- Cloud computing
- Market outlook
- Market breadth
- Trading volumes
- Economic indicators
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- Pre-market movers
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Disclaimer: The information provided is for general information purposes only and is not intended to be a personal recommendation or advice. Please consult with a financial advisor or conduct your own research before making any investment decisions.
Good morning y'all
WiSA ($WISA) Technologies: SP: $2.20, up 61.76% this morning with 110.49x normal volume at time of writing, an acquisition going on it seems
https://finance.yahoo.com/news/wisa-technologies-executes-210-million-080500880.html
Looks like rest of the companies taking off this morning are biotech or insurance/realty sales… not interested.
Link to the start of this trend yesterday for explanation.
View info-news.info by brotherman82
For full disclosure, I didn’t buy anything this morning because of I’m moving some $ around, and Robinhood will take purchase $ from your depsosit-able funds first, so you can keep yourself in a loop of never pulling money out if you trade frequently, I’ve got no stake in this game today.