The 15:50 Trade Works Again
With 10 minutes till the bell, companies can’t buy back their stock. Many times at that 15:50 time, stock sell off. It worked today well.
With 10 minutes till the bell, companies can’t buy back their stock. Many times at that 15:50 time, stock sell off. It worked today well.
Disney is reporting earnings on 11/8. While I’m bearish on the company long-term, the stock may still pop over earnings based on recent history. Given these facts, how am I trading it? Let me show you.
Today the SPX opened and closed about the same on what was a tight range. I’m looking for more of the same until we hear from Powell Wednesday and Thursday.
Biggest week of the year kicked off by Powell and followed by furious short covering. Has anything really changed? Let’s cover at least five major turns.