We have been super busy this morning as we have added some new trades for both the Daily and Weekly Wrap this morning. We also closed another trade for a 67% return, our second winning trade of the young year.
The bears have controlled much of today’s action but the uprising has been controlled by the bulls to some degree as they are holding support before another possible charge higher..
The Dow is down 82 points to 13,352 and is right at support at 13,350 while the S&P 500 is lower by 9 points to 1,457 and is trying to hold 1,450. The Nasdaq is off 12 points to 3,089 and has support down to 3,075. We would like to see the bulls bounce back in the second half of trading and at least cut the losses in half before the closing bell.
We will be back in the morning with a full report but for now let’s go see where we are at with our current trades. Subscribers, check the Members Area for the updates.