This is going to be an unusual scan for me as ALL BETS ARE OFF. I have no specific charts to post because let’s be real tomorrow may be one for the record books in my opinion. I have seen A LOT in the last 10 years and this will rank right up there as an unforgettable one.
BE SMART TOMORROW!
Your best trade may be doing nothing at all and just watching the action, this is the likely outcome that I will be doing and I am 100% fine with that.
I honestly think we finally hit some panic to start and most funds are not ready for a -25%+ oil day along with the Virus fears.
Trade names that you KNOW and watch all of your sizes if you do decide to step into the ring. Markets will be wide and fast tomorrow in my opinion so just play it smart if you do.
I may look to just get short VXX and TLT tomorrow at some points but that is about it.
BE SAFE. BE NIMBLE.
I am not posting a single chart because any chart from Friday is going to be broken anyways. I won’t be trading out the gate at all and maybe mid day and the close as they will be the telling areas on how the market is reacting.
I do expect people tomorrow to finally pull the sell trigger in their retirement accounts as well (at least some) so watch for a large MOC sell order for that to be the confirmation of that idea.
Good luck tomorrow and remember. STAY SAFE.
Good advice. Thanks, OddStock.
Respect. Well said.