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Tuesday, May 29, 2018

Tuesday Selloff... Again!!!


  • Everything opened down and went further. Oil dropped sharply due to more barrels being released across the world. Interest rates dropped sharply due to overseas risk specifically in Italy and therefore bank stocks dropped sharply. 
  • Netflix hit an all time high today despite still dropping some during the day. 
  • Home Depot dropped below 185 and I would see this as being a great buy for Call Options on Wednesday morning. Walmart also appears to be bouncing off 81.
  • Other than that, it was a little boring day. The trend appears to be sell off from Monday highs and continue through Tuesday. Since Monday was Memorial Day, we had more selling to do to catch up with the world on Tuesday. Wednesday should be a great turn around day as we are the United State of America, not Italy!

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