After a strong week, the Dow and Nasdaq opened down slightly, and the S&P opened, essentially, even.
I’m flying back to Florida today after a wonderful weekend with my father and children, so I am writing this in the morning. We will see what the market does over the next few hours.
As of now I just see this as a natural pullback after a strong week, and I wouldn’t be surprised to see some pullback in the early part of the week.
Don’t read any predictions into that last sentence. We will need to see what happens from there.
The geopolitical mess going on right now, uncertainty about the economy, and the price action in the market over the last few weeks…
Makes it too soon to proffer any predictions.
I, of course, have my opinions – but nothing is clear enough to share them right now.
It is the time for us, as traders, to be optimistically cautious…
And be careful in the trades we put on.
That’s the approach we are taking in my concierge trading service, Options360.
There’s still opportunity – but with the market whipsawing all over the place, you can get rolled over quickly.
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To Your Success,
Steve