Watch List October 28th

Good Morning,

We saw another gap down and go down day yesterday, and this morning we are pointing to another significant gap down as the market is getting concerned about Covid-19 numbers domestically and globally as well as lockdowns that are happening in Europe. We are also seeing the VIX up quite a bit in the premarket with the reading as I type here at 8 AM Eastern at 36.84 It will be very important to see if the early September highs around $38 will act as resistance or not. Overall we are in a very difficult trading environment and keeping position size and overall risk small is critical to surviving this choppy pullback in the market. I will primarily be focused on day trading our Gn'R list today unless the market character really changes. If it does I will focus on names from the weekly watch list.

10 views0 comments