Hi there!

I am still in a learning process with Tim Sykes' trading strategy. Unfortunately, it is so hard to find the specific answer to very specialized questions using his DVDs and video lessons. That's why I wanted to take my chance to ask the community.

So, here we go: I was wondering what setups/catalysts are ideal in order to profit from an overnight (long) position? As we know, there are specific indicators (e.g. green on the day, high daily volume, closing near it's day high, ...) that influence the probability of success. I know so far that it is about having the odds one's side and that judging whether an overnight position is good or bad is dependent on probabilities and the constellation of the indicators.

 

Since I mainly focus on going long what do you guys consider a good overnight long setup? What catalysts do you play off of? Which catalysts should align in order for you to enter an overnight position? 

 

What I gathered so far:

- Stock must be green on the day
- Ideally there are contract or earnings news or other important news
- When the stock morning spiked it should held it's gains + or - 10 cents/share
- Ideally the stock held an important support line during the day

I appreciate every answer. Thank you!