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Good morning

This is the 2nd time posting this blog, some of the previous data from Thursday's close hadn't updated. It wasn't a deal breaker and didn't change the overall outlook, but I'm a stickler for details (if they can be corrected).

Since last Friday 1-Aug, the S&P 500 has given us two significant opening gaps down. -1.29% on Friday & -3.65% on Monday. While the index has filled the most recent gap, Friday's gap is still open.

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The futures were in the red on Thursday morning until those weekly jobless claims numbers came out, and then it was off to the races. There's a lot of volatility out there so you never know if yesterday's gains will hold, but that was quite a reaction to slightly better than expected weekly jobs data after the big miss on the monthly report last week. However, stocks did get oversold and snap back rallies can be explosive.

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