James "Rev Shark" DePorre
Recent Articles By The Author
Luckily for the market today there is hope that there may be some positive developments on Mexico trade later in the day.
Nothing changed Tuesday as far as trade with China and Mexico and there was no major improvement in economic news.
The trickiest part of navigating downtrends is dealing with the counter-trend bounces like we are seeing today.
We will be dancing around to headlines today -- and with the indices and stocks oversold, the buyers will be trying to catch some short-term upside.
FAANG names have been favorites for so long the exits were very crowded as many big funds tried to flee.
It's a good market for scalping but not a good time to be building big position trades.