Today was opposite day in that everything that was largely bearish yesterday was bullish today, and vice versa. Crude oil and energy stocks were the only green/bullish spots in yesterday's sell-off, and in today's bounce-back rally, those are roughly the only two areas of weakness today. Nevertheless Tesla (TSLA) was weak during the session as well. Tonight's video highlights the previous "rubber band snap-back events" and details what happened directly after them, which is a potential play for today's market.
Length: 00:10:59
Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, ...
Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA|SIPC|NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.