Intraday patterns and trading strategies in the Spanish stock market

被引：4

作者：

Luis Miralles-Quiros, Jose ^{[1
]}

del Mar Miralles-Quiros, Maria ^{[1
]}

Daza-Izquierdo, Julio ^{[1
]}

机构：

[1] Univ Extremadura, Dept Financial Econ, Badajoz, Spain

来源：

APPLIED ECONOMICS | 2015年 / 47卷 / 01期

关键词：

G10; G11; G14; trading strategies; intraday data; predictability of returns; bull and bear markets; BAD-NEWS; FINANCIAL LIBERALIZATION; BEAR; BULL; OVERREACTION; PRICES;

D O I：

10.1080/00036846.2014.962224

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Different rating and investment companies have recently pointed out Spain's brightening growth outlook, which has energized the Spanish stock market. By anticipating greater interest in the behaviour of the Spanish stock market, we show that the best trading strategy is that in which the investor enters long or short after the opening of the New York Stock Exchange (NYSE) till the end of the trading day at 17:30. This strategy should be complemented with that of entering long or short from the opening of the trading day till the closing price before the opening of the NYSE in no-coincidence phases.

引用

页码：88 / 99

页数：12

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