Morning Market Update

by Gary Good morning Team! Tech futures are up and bringing a lot of stock with them. Seeing a nice lift in $TSLA, congrats swingers!

I don’t have much for you today, but I did mention last night that I felt some stocks were getting extended and could use a rest. It’s important to remember the people that are behind you in a trade. If a stock went up nice for you yesterday, there’s likely someone who has been in it a little longer that may look at this as a selling opportunity. Count the amount of Green Days a stock has has as an indication of it’s extension. It doesn’t mean it can’t go higher, but the faster it reaches those highs the quicker others may be to take profits, so you need to then put yourself in that protective mindset and look for re-entries. That’s why I like to sell in scales, so I don’t need to be perfect with my timing. I’m not trying to sell at the top, I’m trying to get the meat of the move.

A lot of Chatter about the $COIN IPO Today. We could see a Sell The News event in #Crypto, but we don’t know. I’ll have my popcorn ready and will be watching the show!

Don’t forget Dan released a tutorial yesterday answering some questions from our Live Session last week. He’s got another Tutorial coming out tomorrow.

Have a great day!

Scott

Market Update