Great bounce in the markets today from oversold conditions. We have not had an oversold reading in quite some time the buying was vigorous and across the board. NVDA had an upgrade and that kick started the move in the semiconductors. After the QQQ started to push the IWM dip got bought up and trended the whole day. IWM held a key spot at the 9ema on the daily chart. This is where we want to focus for the rest of the week!
Not much on the economic front tomorrow. After Wednesday it will pick up there
Tuesday:
o US Existing Home Sales, Richmond Fed Mfg
Index
o 2-Yr Note Auction
o EZ Consumer Confidence
Guys we have a virtual trading summit coming up! This will be jam packed with information with no fluff. We are going to be going over not just Day Trading Strategies but also options, futures, and swing trading. We have performance coaches coming on board to go over the mental side of trading it will be jam packed!
https://bullsonwallstreet.news/virtual-summit
