Market Drop and QQQ Bounce
Happy belated 4th of July to all of my American friends and traders at BBT, I hope you all had a great long weekend. The market was closed on Monday and it was the first Monday in a while that the market did not go down!
Today, the market gapped down due to recession fears and rising natural gas prices, as well as the mess in the EU. It traded very interestingly during the open, when the QQQ started bouncing back slowly, more than the SPY and Dow Jones Industrial index. Semiconductors stayed stronger than the rest of the market, and Brian and I traded them for a long time at the open. Be sure to watch my recap with Brian here.
For Tuesday Strategy, Carlos is conducting a presentation on how to use pre-market analysis for your trading performance. Be sure to join the webinar at 8pm ET. I hope to see all of you there and if you have not upgraded to our Elite – Annual membership, then I encourage you to take advantage of our 50% off discount. Please join us here.
To your success,
PS1: If you have not already, I urge you to try out our free web-based trading simulator at stocktradingsimulator.com. It’s conveniently available 24/7, whenever you have time to practice honing your trading skills.