The market took a healthy pause today, and the $SPX held onto 3,800 support. The next level of support is 3,772.
So far this week, the market has shrugged off bad tech earnings. Let’s see what $AAPL and $AMZN bring us tonight.
We’ll also see if the $SPY holds onto 380 and then 378. If not we have room down to 376.55.
Here are today’s trades:
- I shorted $VLO at 130.10 and covered at 129.10.
- I bought $GOOGL at 93.18 and sold at 94.18.
I also called out $META at 100.50 to the STPers in the live trading room. It bounced to 102.50.
I have two open positions, an $FCX short and a $GOOGL long.
Overall, I was not pushing it today. The market needed a rest.
We’ll see you live at tomorrow’s open to start the trading day.
All Star Charts Team