Friday Analysis
Healthwise, it was a really tough night for me last night. Lack of sleep, will do my best today. OVERNIGHT: Hang Seng ⬆️, as well as other Asian & Europe Markets. Oil went higher yesterday but on pace for sharpest weekly DECLINE since March. US Dollar & Gold have paused waiting on JOBS NUMBERS this morning 8:30. (Remember loss of jobs or slowing of jobs is a positive for the market, a strong job market would be seen as bad, more potential rate hikes) SPY LEVELS FOR TODAY - 420.56, 422.60, 424.50, 426.40 - watch volume. 10 million by 10am, 20 million by 11am. Strong 💪 volume days, I look to follow & trade with momentum. Weaker or light volume days. I watch for rejection or support and look for QUICK SWINGS, reversals, etc. I am disappointed ☹️ called out DIS yesterday took 20% from 29 to 35, the option went from 29 to 114, like 250% vs 20% I took. It’s FRIDAY, be safe, trade smart. GOOD LUCK 🍀!
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Revelation 6 : Hope for poor jobs numbers and pray for a weaker economy. Amen.