OVERREACTION

The stock market continued the rally today bringing us one step closer to finally break the 7 week losing streak in markets. Despite the shock and & awe from Powell yesterday, more sets of positive earnings from big retailers helped calm nerves. After TGT & WMT earnings & the SNAP warning this week, a lot of doom and gloom was priced in and investors were worried. But more companies proved through their earnings that there isn't a widespread problem with consumers and that there may have been a bit of an over reaction. We will see how long this lasts, but as we come into more economic data next week, this may be enough to markets higher until the CPI. After this brief market recap, I go over my portfolio and trades for the day and highlight the strategy we have been using lately which allowed a profit today despite being wrong. Using covered shorts with extra insurance proved to be a good idea and now with markets moving up, it looks like we may have an opportunity to try this on the upside. EITHER WAY ITS GOING TO BE EXCITING, SO I HOPE YOU ARE READY! POST YOUR WATCHLIST BELOW AND SEE YOU IN THE MORNING!

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