In the spirit of hurricanes...
Cat 3 days: Buy the premarket, sell the close--or vis versa. During these days--after some major fundamental change--the market is adjusting to new realities and is expected to move strongly in one direction. These are the easiest and most profitable trading days. Standard position size can be increased because there is little risk of loss, although stops should still be used and moved throughout the day. They are often delineated by large pre-market futures price moves and accompanying explaining news. Positions should be entered 1-0.5hr before market open using a futures product...or whatever leveraged perennial product is available. If none, enter equities in the pre-market, or say on awesome earning the day before, after market.
Cat 2 days: There is a trend, although oftentimes there is a backlash reversal around 9:30 pacific time, 12:30 ET.
Cat 1 days: buy and sell "at value"--meaning previous support/resistance levels only, not much movement to be expected on this day, little going on, often market is in a holding pattern regarding some grand approaching event. Perfect time to sell neutral options strategies.
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