Watch List August 27th

Good Morning,

Yesterday we saw some selling pressure on the major indices as we head into the Jackson Hole meeting and a speech by Fed Chair Powell at 10 AM Eastern this morning. We also saw a bit of a spike in the VIX; however, this morning we are seeing a bounce back for the SPY and some easing in the VIX. It will be important to see if this holds up through the Powell speech 30 minutes after the open. Overall, its a summer Friday with a Fed event, and I will likely be looking for early day trades and probably taking my foot of the gas the rest of the day. With that there will be no swing trade watch list today, and I will focus on the Gn'R day trade list as well as the swing trade watch lists from the last few days.

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