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Pre-Market Update for Feb 14, 2018 (video)

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Pre-Market Update for Feb 14, 2018 (video)

A quick (10-minute) update on the volatility in the pre-market trading session this morning in the wake of the hotter than expected CPI data released at 8:30am ET & how that might affect the near-term outlook for the stock market (or not) & one's trading plan.

Note: When I started coverage of the SPY 60-minute chart, I correctly stated that the SPY has so far hit a low of about 262.60 on the plunge following the CPI data release although I erroneously drew an arrow around the 260.60ish level. SPY dropped (so far) to within 1 point or less that 4/10ths of 1% of that 261.60 support line on my 60-minute chart... a very objective buying or add-on opportunity to an existing long position IMO.

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2018-02-14T09:28:15+00:00Feb 14, 2018 9:16am|Categories: Equity Market Analysis|Tags: , |1 Comment

One Comment

  1. rsotc February 14, 2018 5:38 pm at 5:38 pm

    QQQ rallied 4.5% off the over-reaction to the slightly hotter-than-expected CPI report in the pre-market session today. Congrats to those that took advantage & bought the dip today.

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