Thursday, April 30, 2009

Gaps Up From 10-day Highs

The SPY is set to gap higher this morning after closing at a 10-day high yesterday. Below are the stats when buying $100k of SPY at 9:31 the morning when SPY closes at a 10-day high and then gaps up at least 0.75%. The trade is then exited at the 4pm close (2001-present):


Below are all the instances found:
(produced with Tradestation)


Looks to be a decent chance of a move down from the open today.
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3 comments:

  1. Eric WagApril 30, 2009 at 9:16 AM

    Dang it Rob one of my strategies that I trade is really similar to your post. It is good to know that we have come to the same conclusion independently.

    ReplyDelete
  2. DanielApril 30, 2009 at 10:45 AM

    What is your strategy, EW?

    ReplyDelete
  3. DouglasApril 30, 2009 at 8:02 PM

    well done. Looks like you were right again.

    But did the market gap up by 0.75% in the end?

    ReplyDelete