Friday, August 6, 2010

Gaps Down on Jobs Day

The SPY is about 0.9% below yesterday's close with 10 minutes to go until the open. Below is a quick test that looks at other instances of large gaps lower on the 1st Friday of the month (typically the day of the jobs report).

P.S. Tuesday is the next Fed Day...are you ready? Download the Quantifiable Edges Guide to Fed Days and understand where the edges lie.