Morning Perspective

S&P500 futures are yet again trading lower in the morning.  Go figure.   Yesterdays modest downside move was negated with  20 minutes of ravenous buying after the open.

The market then took its time slowly grinding to session late in the afternoon.


Morning weakness remains a buyable dip and until that changes, there is no reason to fight it.

Momentum remains up for $SPY $QQQ $DIA and for $IWM we are reaching a possible buy trigger.






$AAPL remains the weak even amid the move higher in tech yesterday.  This morning $AAPL finds itself lower again.  I think a move to $170 is in the cards over the short term.

$AMZN is flagging after its recent move to record highs and looks poised for more upside

The opening bell is just minutes away.  The story is playing out just the same as yesterday..... morning weakness, likely followed by swift price recovery, and an afternoon grind higher.  Rinse, repeat, and you get a market that is giving a little of everything while still making record highs.  Perfection. The FED mandate of market stability in its finest hour.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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