Market Microstructure / Calendar#453tier 3experimental liveNew

market closure reversal

cadence: Dailydata: lowlong onlyshort onlylong short
paper
2024
Source
Della Corte & Kosowski (2024), Market Closure and Short-Term Reversal.
Read the paper β†’

What it checks

After a long weekend or market holiday, sharp moves often snap back harder than usual. This family tests that closure-conditioned reversal.

Mechanism

Short-term reversal is stronger after longer market closures. The family fades large 1-3 day close-to-close moves only after weekend or holiday-style gaps, then exits over 1-5 trading days.

No production champion data for this family yet. Stats appear once the discovery pipeline promotes at least one strategy with this family tag, or once a multi-family blend that includes it earns a champion slot.
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Signal rule

After a calendar gap of at least 3 days, fade large prior 1d/3d returns: long losers, short winners, T+1 entry, hold 1/3/5d.

Data dependencies

  • daily_prices

    Adjusted-close OHLCV for every US-listed ticker; primary price feed.

Expected edge

Paper window
Modern daily equity data

Short-horizon reversal premium, strongest around long closures.

Example tickers where this is likely to fire

Illustrative only, the signal fires based on the live data, not a fixed list.

Related families

Explore market closure reversal on alphactor.ai

See which tickers this family is currently firing on, with live signals and rankings.

For informational and educational purposes only. Not financial advice. Learn more