Home Stocks Trading Advantage Stocks – Massive Swing Lower for the Major Markets

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It was one heck of a finish to the trading week. A massive swing lower for the major markets. The DJI has the worst of it being down over 660 points for the session. Yes that is right in case you didn’t see the markets action. The DJI finished -665 points for the day. From a historical standpoint it’s only happened a handful of times. The last time the DJI lost as much in a day was the session following the Brexit. While there was a catalyst for majority of not all of the other session, we didn’t have much to trigger this major selloff. The bright side of things is that the drop only represented a little over 2.5% versus the huge percentage drop it historically represented the other times we had this pullback. The key factor was the catalyst. Outside of rising yields taking place, nothing should have really triggered this kind of reaction. While I’m not one to call a top in the markets, this could lead to some sustained selling. We’re just due for a nice pullback and it looks like this maybe it. While I didn’t exit it to be all in one session, that is the consequence when at all time historical highs. I suspect we continue to move lower and I am not so sure we’re going to get our rebound immediately like we normally would. I suspect it’s time to hedge or even bet on the downside momentum for now. Who knows, we could bounce back at any moment including today. We could also rank for weeks starting now. Buyer beware… Open Position: Long Signal: VFC AN HLF STX LULU 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

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