Huge gap downs in SP500 stocks are currently being bought. Take a look at the chart below (click to enlarge), and you’ll know exactly what I’m talking about. What is happening very simply is that there’s very little to no follow through to the downside after the huge gap downs and the stocks almost immediately go into recovery mode.
$UAA $RL $MAT are three SP500 stocks worth keeping an eye on to see if they can recover like the above SP500 stocks after their gap down.
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at email@example.com or 646-480-7463.
We live in a world in which we are bombarded with information, tweets, blogs, etc., content is the new salesman, content is the new marketing, content is the new networking. With information being so readily available, bloggers try to differentiate themselves with their writing skills, volume, and consistency, putting out blog posts to meet quotas. We are seeking to stand out from the crowd by showing performance, by taking all the information and seeking alpha, that’s the sole purpose of the blog. It won’t always be pretty; it’s never easy, and performance is spotty, but we seek superior risk-adjusted returns, not notoriety for our writing skills. If this is something you can relate to, then this blog is for you.