Home Stocks Trading Advantage Stocks – Historical Day, Largest Drop in the DJI

0 105

The markets had a historical day yesterday and it wasn’t one we usually speak. It was the largest drop in the DJI. We almost had to halt trading due to the swift and extended drop. While we have seen volatility perk up in recent sessions, yesterday set off fire alarms and panic. Sure some are blaming it all on algorithm trading. That played a major role in the drop. However, there definitely was panic at one point in the markets. The squeeze on buyers who were either immediately blown out of their positions or those that took a huge loss and exited on their own. Then we saw the bounce and it was strong and violent. The markets almost rallied back as fast as it dropped. There is no rhyme or reason to the sell off. It was just time for a pullback. The overnight session had a huge swing lower but has recovered nicely so far. It’s hard to expect what will take place in the markets when things happen that are historical. I do expect a recovery and by gosh it could happen just as swift as we dropped. I suspect it will be sooner than later. Fidelity reported their brokerage service saw more aggressive buying than panic closings. People are not afraid even when we face historical losses. The Perma Bull remains strong and willing. Open Position: Long Signal: HLF LULU DECK RHT Short Signal: ROKU EDU Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV



Leave a Reply