Today’s breakaway gap to the downside will more than likely be the talk of the town as the week progresses.  If you remember, the first trading day of 2013 the SP500 gapped up 1.89% and never looked back, that gap is still unfilled.  Many might assume that today’s breakaway gap down might have the same effect as the 2013 gap up, but obviously in the opposite direction. Regardless if that is the case or not, I believe that today’s gap will be very significant going forward and will more than likely act as stiff resistance in the days and weeks to come.

2013

Today’s Gap

This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.