You can relax for now. Enjoy the brief respite because tomorrow’s FOMC minutes pretty much guarantee volatility tomorrow.
We are in one of those weeks that feels like it has two Tuesdays and an extra Wednesday thrown in.
If you are still recovering from the holiday weekend you may not know where the next move is most likely to occur. You really shouldn’t be shooting from the hip in this environment. Mean revision is alive and well making the chase a death wish.
You can go after falling knifes, but you better have a preconceived plan and stick to it (see DOC).
Whatever the case, if you’re considering a position or 2, shoot the ticker over to [email protected] to see if it is oversold. We’re also passing out a PDF with The Fly’s last month of buys & sells.
Check in tomorrow morning for a contextual build out of the Nasdaq heading into FOMC minutes. Be prepared for anything they say.
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High Sierra was awesome this year. That being said the futures look like death and despite the long weekend. Pretty sure that means blood.
Hong Kong down 6%. Not good.