Big 2pm reversal in the markets. We have stalled out right at the QQQ all time high. Big reversal in the SPY and IWM also. The selling was across the board. With earnings season out the way we are a bit light on gap type of plays at the moment and the econ data is a bit light at the moment. Tomorrow we have GDP not much of anything that is considered a big market mover.
For the next couple days I want to focus in on the biggest and most liquid names.
Congrats to the stockhunter who runs our Options Trading Room he has been all over this dump for the last 2 days with some big trades today in TSLA puts.
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along with his FREE training on his Fib strategy. I been using this myself its a monster
Thursday Economic Calendar
GDP 8:30am ET
Jobless Claims 8:30am ET
Philly Fed Mfg Index 8:30am ET
Corporate Profits 8:30am ET
Leading Indicators 10:00am ET
EIA Natural Gas Report 10:30am ET
KC Fed Mfg Index 11:00am ET
GUYS BE CAUTIOUS! We got faded right at the sweet spot it doesnt mean its the end of the run but we do need to tighten up. We been just throwing darts lately as every strategy has been working now is the time to tighten up. Wire out your profits pay some taxes and lets see what the rest of the year brings.