In Friday morning’s post I worried that the bears were terribly at risk, I guess it makes sense that the bulls got piano wires wrapped around their throats. We went into an immediate dive following the opening bell, with the blowout earnings from banks having a positive effective on financial stocks as long-lived as a lucky high school junior during a successful prom night after-party.
Financial Select Sector SPDR
And, thus, the gaps were either filled perfectly or not achieved at all: