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Tuesday, December 25, 2018

Christmas Eve Market Movement

Everything moved together on Monday, Christmas Eve. If you follow my blog, you know I like trading Alphabet (GOOGL). On Monday, Alphabet opened near the Friday low and moved up. It got up to 992 then came back to 982 which was the buying point of Call Options. It appeared to pause at 1000 before shooting up to 1010 (sell calls and/or buy Puts) and then came down from there. From there it retested the upside at 1004 and fell for the rest of the day. The last few minutes of the shortened trading day it fell hard near the opening price. Many other stocks fell lower like Home Depot.

Check out my commentary video below



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