Market Update June 15th

Good Morning,

The market is gapping down sharply this morning and it looks likes the island reversal we saw last week may be confirming here. For today I will just be using the weekly watch list found here and managing existing positions. Let's be patient and watch some potential support areas for the SPY to see if this is just a quick pullback or if it will turn into something more before making any rash decisions or new trades. One note on existing positions, I am adjusting AZN stops to $50 and I am still looking to add to this position. I want to give this some room as good news keeps coming out regarding their Covid 19 vaccine, and I believe that there is more coming soon.

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