Live Update

Wednesday, March 17, 2010

03/17/2010 After Bell Quick Summary

OK, 14 straight up days for SPY, a new record. So how about tomorrow, another record day? Unfortunately I see no tricks today, so no idea about tomorrow.

Just some minor info maybe you want to know (Well, I know who cares) since I have no tricks to say.

Now SPY has 16 unfilled gaps (Low to last close) and COMPQ has 10 unfilled gaps (Low to last high), these are record numbers at least since the March 2009. Why mentioning these gaps? Because statistically 80% of those gaps (must >%1, low to last close) should be closed within 3 months and some of them are almost one year old.


The other one, I’m going to give more details tonight but I thought you might want to spend sometime to investigate by yourself first – The NYSE New 52-Week Highs reached a new high today which is the 5th record high in, well, all the “ history”.


blog comments powered by Disqus


The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.

This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.