The business channels may have had a first yesterday as we counted 10 talking heads in a box during the Nasdaq’s shutdown. We reported the news as it was unfolding and it affected our trading plans as we wanted to add a new trade or two. We also realize that these types of environments are tricky to trade and make investors nervous but we are here to walk you through the chaos.
The bulls were making a nice push higher towards resistance on Thursday before the Nasdaq went dark and when trading resumed, shortly after 3pm (EST), there was another push higher into the close. The 3-hour delay was certainly a black eye for the Nasdaq but it didn’t slow the bulls momentum. (continued…
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