From the fabricated $SPY gap up in the PM session, to the bell selloff into the 200’s; the ETF is taking market participants for a ride. $SPY printed the reversal just below PM lows, back into the 300’s and above PM highs.
The boys are definitely taking market participants for a ride.
If you aren’t crystal clear in your trading edge and have a fine tuned process, these conditions will most likely chop you into pieces.
There’s a lot of bad news coming at us in the headlines, take a step back and realize what’s happening.
Take the data and use it to your advantage; that’s what’s it’s about.
Sectors are trading bull strong across the board. Industrials is leading the pack, trading up +2.39% and IT is at the bottom of the sector list, trading up +0.58%.
Our top 10 Smart Money Movers are:
$SHLL trading up over 28%
$SPR trading up over 8%
$EAT trading up over 9%
$CAKE trading up over 9%
$BA trading up over 6%
$LUV trading up over 7%
$ROKU trading down over 4%
$DOCU trading down over 4%
$TWLO trading down over 5%
$ICPT trading down over 39%