$SPY trying it’s best to stay above 137, but many good runners lost their shoes and gave back some significant value. If we can’t close above 137.09, we might have some trouble going into tomorrow’s number. Doesn’t matter how good or bad they are.
Today was an average day. I had one nice win, one .10 cents loss, and one flat trade. I have been noticing that the best runs are coming from watching the $SPY very closely, and make sure you time your favourite names with it.
Today I watched closely, $CAT, $FIO, $WLT, and $KMX. Some I will play tomorrow, some are now too late to play. But the main idea is to have patience and play names on your pace, not any one else’s. Follow people blindly is serving as a human ATM to this market.
May you all have a good end of your day.
