Minutes Digest for Feb 08 2021
SPY gap
- Published:
2021-02-08 08:11:57 - Author: Jason Goepfert
Stocks are popping yet again, after a perfect week last week. It's an impressive run. Below, we can see how SPY performed (from the open) after a modest gap up following a big weekly run to a new high. It wasn't terrible, especially over the next 3-5 days. But many of them failed to take off on sustained gains.
Only 3 of them triggered at the start of a new week.
All of them that triggered since 2010 saw gains given back.