SPX has shaved 50 points off the market today, and could see more, but this kind of extreme sell-off hasn’t been seen in quite sometime, and follows four days of selling before.
Plenty of stocks are seeing prices that are 15-20% lower than they were earlier this month. However, I like to look for the large cap stocks that will have to bounce if this market bounces as well. Some that come to mind are:
Netflix (NFLX) – currently lost the 339-338 area, but trying to recover. Keep watching.
Welcome to Swing Trading the Stock Market Podcast!
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Commit these three rules to memory and to your trading:
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In today's episode, I tackle a listener email covering a variety of swing trading topics, including the benefits of cash accounts, T+1 settlements, options trading using straddles, and even straddling the indices with leveraged ETFs. I'll also discuss whether new traders should be trading options and the ramifications that come with skipping over trading equities and jumping into options trading instead. Lots of insights packed into this one!
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