Morning folks. Futures gapping up a tad. General indexes up .5% or so. Always good to see a bounce back after a red day. Markets in Europe holding up around .5%. Oil is down a tad, NAT gas up .68%. Keep an eye on these commdities plays and the currencies. They have been our market “tell” $uso $ung $gld $fxy (yen) $fxe (euro) these are what is pushing and pulling the markets right now on a daily and intraday basis. learn how they all affect each other.
$ctx $ipg $luv all gapping up premarket
$zagg $yrcw $fbc $pcbc on the smallcap side
$genz up another 3 dollars. This could ignite the bio’s. Watch them and keep our goto list ready.
expect some consolidation in the coming days or a light pullback. So we need to stay light. Im mostly all cash after taking profits in a host of things yesterday.
Remember not everyday is a trading day. To start adding huge long positions when the market gets overbought and shaky is a low probability high risk trade. Train your minds to look for the right opportunities and let them come to you. We are still in bear market trading environment right now which means smaller positions an be quicker to take profits. As always even I am not adding long swing positions very heavily I will be looking for daytrades.