Why the gap down and falling price today?

1

1a2b3cppp

Job reports or something?

I mean it's an excellent buying opportunity and I picked up some SPY at $129 this morning, I'm just curious why price dropped so much from yesterday.

aaja0.gif
 
Why not a gap down? :)

1250 and below by next week.

I only day trade, so I won`t trade it, but I feel fairly confident that we`ll do, depending on where we close today of course. :)
 
Quote from 1a2b3cppp:

Job reports or something?

I mean it's an excellent buying opportunity and I picked up some SPY at $129 this morning, I'm just curious why price dropped so much from yesterday.

aaja0.gif
More...

Probably because it didn't gap up with a rising price.

Think about it.
 
Here is a short course in how economics and the stock markets are tied together.
Key economic indicators such as
http://www.rightline.net/education/economic.html
has always (for as long as I have been in the markets) affected the stock markets. The big three of these indicators are inflation, GDP and Labor
http://www.discoveroptions.com/mixed/content/education/articles/bigthreeeconomicindicators.html
These leading economic indicators to look at are:
http://www.investopedia.com/articles/economics/08/leading-economic-indicators.asp

:p
 
Quote from logic_man:

Probably because it didn't gap up with a rising price.

Think about it.
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I thought about it. He asked "why?" as in "what is the cause?". The absence of an alternative is not a cause; it's merely a simultaneity.
 
Quote from Hansel H:

I thought about it. He asked "why?" as in "what is the cause?". The absence of an alternative is not a cause; it's merely a simultaneity.
More...
the generalized global slowdown of economic indicator counts as a cause?
 
Quote from Rabbitone:

Here is a short course in how economics and the stock markets are tied together.
Key economic indicators such as
http://www.rightline.net/education/economic.html
has always (for as long as I have been in the markets) affected the stock markets. The big three of these indicators are inflation, GDP and Labor
http://www.discoveroptions.com/mixed/content/education/articles/bigthreeeconomicindicators.html
These leading economic indicators to look at are:
http://www.investopedia.com/articles/economics/08/leading-economic-indicators.asp

:p
More...

I will give those a read. Thanks.
 
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