No reprieve from the selling today, an ugly one overall.
$SPY is nearing its 200-day moving average.
It might be a wild day tomorrow, too.
Here are today’s trades:
- I bought $WBA at 22.50 and sold at 22.51. It wasn’t moving.
- I bought $UNP at 202.70 and sold at 203.31.
- I bought $VLO at 131.98 and sold at 132.49. This was a late-day trade.
I also called out a setup in $BA this morning, and it had a nice pop.
I booked one loser:
- I bought $MCD at 256 and sold at 254.50.
I have open long positions in $VXX, $MS, $GS, and $IWM.
I have open short positions in $QQQ and $KLAC.
Have a great evening. Look for the Morning Briefing on Wednesday.
All Star Charts Team