What the Nasdaq experienced Monday is known not just as an 'Outside Day,' but an 'Outside Reversal,' and these can be dangerous.
Today we find out that not only have they hit paydirt, but many of their choices are twice blessed. Here's why.
This continues to be a market with a 'risk-on' mindset.
In early October, the S&P 500 had a very similar run of four straight gap-up opens.
Here's my trading strategy for this EV charging stock.
Market strength seems to indicate that concerns about an uncertain election outcome are fading.
When bottom fishing, the first bounce may be the biggest but subsequent ones are often easier to catch.
This is a major earnings week, electoral risk is real, the virus is already slowing velocity, and the cavalry (fiscal policy) is not coming. Sometimes, circling the wagons is not the worst idea.
Don't be too negative.
I expect the indices will jump around again soon on news about fiscal stimulus.