Conversation

Market reversal in Nasdaq that started yesterday. It was under performing yesterday as traders started cashing in because the economy is opening back up and less people inside using Technology.

2:46 PM · May 27, 2020Twitter Web App

Replying to

and

hey Charles, one technical question. Do you think a previous gap up needs to be filled before a stock can move up?. Thanks,

Replying to

and

China war

Replying to

and

Yesterday was the catchup trade. Today is intraweek profit taking. Look for FANG stocks to recover by Friday if the S&P doesnt tank too far below the 200 day. Calls will be setup for options expiration.

Replying to

and

I got to thinking today though, theres still a lot of time in 2020. And it really doesnt matter the price of the market as long as it evens out with the reports at the end of the year.

Replying to

and

So we could go up more if theres no war but then when the economy starts to get going it could go down to even it out. You just never know

Replying to

and

Start off strong then bam! That's how you usually know. Too much tension with china right now. Any time trade and china gets even mentioned the market drops for a day or too. And this seems more serious

Replying to

and

Two