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Morning Outlook
The market continued it strong rally from Monday's lows, with the VIX yet again leading the way. Perhaps more importantly the financials are picking up some momentum. Yesterdays stress test and subsequent share buyback announcements should continue to put a bid under financials, which in turn should help keep the overall market moving higher.
Morning Perspective
Hindsight Trader: Going over Quick Trades from Today & Tomorrow’s Targets
Looking back at today’s trading day, the biggest theme for me was keeping all of my trades small. I was not sure if today was going to be a gap and trap or a gap and go. In a way it ended up being kind of like both with the morning and early afternoon acting pretty weak and the afternoon ripping higher. Much of my trades were trying to fade the move with 1 being successful, 1 being a marginal success, and 1 a nice quick gain. I will outline what I think I did right and wrong in each trade. Then I will go over my two trades that I have on for tomorrow and what my targets are for each.