I often mention open gaps in my commentary and once in a while I get a question about them.
While screening some stocks this morning I found a couple of good examples of gaps on the chart of Sears Holdings (SHLD).
Like a magnet, open gaps are serious potential targets to be filled. And once they do get filled, that can be an area of strong resistance like we saw here in late October (or support depending on the direction of the open gap.)
Per the TSP.gov website: Some financial markets will be closed on Monday, January 16th in observance of the Martin Luther King, Jr. holiday. The Thrift Savings Plan will also be closed. Transactions that would have been processed Monday night (January 16th) will be processed Tuesday night (January 17th), at Tuesday's closing share prices.
First of all, if you are on the 2011 AutoTracker and have signed in since 10/01/11, then your account WILL rollover to 2102 automatically. Go on you way. No need to read further.
For anyone who does not currently have an account on the AutoTracker, and wants to be on it for all of 2012, you will have until Tuesday Jan 3 at 5 PM ET to get on it.
Of course you can get on it after that date, but you will have a partial year
Diversification Benefits Come with Index Funds But Are They the Same?
This article is a guest contribution by our friends at ForexTraders, an online resource featuring forex trading commentary, articles on forex trading, forex charts, tools, and in-depth reviews of regulated online forex brokers. For the beginning investor or the employee that must make investment choices for his “401K” contributions, the
Today's holiday rally is pushing the S&P 500 up to the bottom of the bear flag again. We are also testing the 50-day EMA so this is the area where we thought any rally would run out of steam. So far it has not been able to push above the resistance but it is holding and it may need another day if it is going to break through.
Not surprisingly, this rally is coming on light "holiday" trading volume.