Everybody is aware that most investors do their research on the weekends and place orders for Monday. This has been creating a gap up Monday phenomenon.
January 15-19 we had no gap up Monday we gapped down by 2 cents on the spy
January 22-25 we had a gap up of 50 cents on the spy
January 29- Feb 1 we had a gap up of $2.00 Dollars
February 5th- 8th we had a gap down of 80 cents
February 12th-16th we had a gap up of $1.74
February 19th- 22nd we had a gap up of 2 cents
February 26th- march 1st we had a gap up of 40 cents
That brings me today. Could the retail investors have gone home this past weekend and spoke with their family about selling. This would be a shift in sentiment that could not be measured. I believe a gap down today could be telling us something. Especially with the strength in Asia last night.
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