So today the Dow’s range has been a piffling 395 SO FAR!
I’ve been telling you these markets are crazy for some time now. Trading the indices you’d have been whipsawed to death, which is why I’ve been advocating a safety first stance. That said, it’s been a good day for two of our favourite stocks, AAPL and AMZN, the former of which is getting close to a minor resistance point – we’ll have to see how its OVI looks tomorrow.
SPY
The SPY hasn’t breached yesterday’s high yet and we’ve got about 30 minutes left until the session closes. Right now it’s a “watch it” stance.
QQQ
The QQQs are currently exhibiting this massive range between 50-54, so we really need it to calm down and form a tighter trading range.