SPX and the markets in general had a huge sell-off today. But with that said, we’ve seen a lot recent ‘sudden’ sell-offs that caught investors off guard, get quickly bought up the following day. Does that happen tomorrow? I have no idea, but don’t be surprised if it does.
Case in point, look at the sell-offs on 11/7 and 1/13 and the subsequent price action the following day.
SPX also held 1828 which was the trend-line off of the October lows which also helps the bulls case for a bounce tomorrow.
Speculation at this point but a very real possibility nonetheless.
And be sure to join us in the SharePlanner Splash Zone for my swing-trading and Oscar’s day-trading which gives you the best community of traders in our chat room as well as real-time trade alerts via text and email. Use our Free 7-Day trial to see for yourself.
Here’s tonight’s watch-list:
Long Fortinet (FTNT)
Long KLA-Tencor (KLAC)
Long Timken (TKR)
Short Banco Bradesco (BBD)
Short National Oilwell Varco (NOV)
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