JTH

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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Here's the status of the holdings within the Index, and if they've filled the gaps.

Left Chart: The larger most recent gap, -3.65% from Monday is 76.7% filled, (75 holdings never gaped), and on Thursday 40.6% of the index has closed higher than this gap.

Right Chart: Friday's -1.29% gap is 61% filled, (138 holdings never gaped), and on Thursday 24.5% of the index has closed higher than this gap.



So while it looks like we've done a good job on the recovery, we may also want to consider Monday' s -3.65% gap was tied for the 4th largest gap-down from 1961-Present. Additionally, the gaps within the charts are sorted by index weight (top-Bottom, Left to right), so the gap-status on the left column of each chart is more significant.

Have a great weekend...Jason