This market can’t seem to get out of its own way.
The $SPY hit the 370 level, the $QQQ hit 379, and both reversed on a dime.
The S&P 500 hit the June lows, and now the question is whether it will hold.
I’m taking a shot long on $SPY overnight, a small position. I’m basically testing the waters just to see if anything sticks.
Here’s a recap of how I traded today:
- I traded $QQQ quickly for a buck.
- I traded $COIN long at 66.69. I sold half at 67.40 but took a loss on the rest at 65.10.
- I sold $WYNN this morning from yesterday’s trade at 68.80, which was a target.
- I was long $AMD overnight and my target was 69.10; I didn’t hit it, so I sold at 68.70, which was roughly yesterday’s high, a 50-cent gain.
- I went long $XOM and $VLO. I could have taken profits on both; they were up 50 cents each. I was trying to see if I could capture more of a trade but instead sold for a small loss.
I’m keeping my trades tight and small until this market can prove itself.
All Star Charts Team