Don’t worry about a nasty, high volume reversal. We’ll just gap it up the next day.
Strong open awaits. I will stay silent about it except to say:
I have been taught and have studied that changes in trend often occur with violent action after a large drop in price or after a large rally in price. So far, yesterday’s action and now another big gap to the upside. I am open to anything as it is earnings season. Already being asked whether they will sell off today’s gap…how the heck do I know? Let’s just say it would not be thrilling if it does get sold off again.
ASML big gap to upside today in the semiconductor space. GS down a couple.
The rest of the week has
Thursday- BK, FAST, JBHT, MS, AMTD, KEY, AXP, IBM, SWKS, CHKP, CP
Friday- STI, SLB, KSU
A ton of earnings next week.
As far as “bitcoin”, the “questionable” stocks are being mauled as they are indeed heading back to where they came from. The price of bitcoin and other “coins” have also been hit hard. As we have stated: we do not know exactly how it plays out. Just do not be the last one in.