The all powerful BABA has printed! Let’s move on…
Markets are weak on this special occasion, but there is a significant difference in today’s tone versus Monday’s tone. As I have sat here watching all market action unfold in front of my eyes today, there is one and only one thing that matters heading into the close today.
In After Hours with Option Addict on Monday, we looked at the individual performance of stocks. Specifically, we looked at the names of stocks trading higher on Monday, and then looked at the names of stocks trading down more than 3%. Nearly every growth stock was down more than 3% on the day in that sell-off.
Use the same template for today. We’ll digest this all after the close as we build our watchlists for Monday.
I am long of Russell futures here, GME Oct calls, and ready to grab some Oct P calls possibly.