Good morning traders!
Todays watchlist is simple…nothing! As the chart of $SPY below shows the markets on Friday had a massive gap down on the heaviest volume in weeks. This morning in pre market another gap down. Today the key is to be patient and see how the market reacts to this move. Which sectors and stocks show some relative strength and which do not. Don’t go chasing dips or trying to short everything. We wait for the new setups to form and we wait for our edge. Enjoy a day of golf and away from the markets!
