- Auto stocks were up (except Tesla) on news that China was going to lower tariffs on imports. Who knows if they will stick?
- Banks were up when everyone else was down from the vote on the restrictions removed from the financial crisis of 2008.
- Everything else started higher and ended lower. Home Depot (HD) moved down quickly as it was announced that the CEO of JC Penny's is leaving to become the CEO of Lowe's who reports earnings tomorrow morning. I see this will create further opportunity for Home Depot after Lowe's earnings is reported. I would expect Home Depot to go further down and reverse course Wednesday around noon.
- Boeing moved down further due to the trade talks or just cooling down. Either way I thought it moved too fast last week and Monday. I would expect it to go further down on Wednesday and change direction around noon also.
- Micron (MU) moved up yesterday and further after the market close on Monday. It held on to the gains while Nvidia went further down on Tuesday.
Tuesday, May 22, 2018
Tuesday Selloff
Subscribe to:
Post Comments (Atom)
Profits Only, Please!!!
I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo...
-
I have spent the last 2 years trying to figure this day trading with options thing out. I hit an ultimate low this past Tuesday and felt lo... -
I would like to own the job title of day trader. To be a successful day trader, you must focus on keeping your losses small and letting you...
-
I typically narow in on one or two stocks daily to profit from options. I feel it is best to know a stock so good that you recognize patter...
No comments:
Post a Comment