The markets turned lower today after a bump higher on Monday, continuing its choppy sideways action from last week. Earnings have been doing their part to keep these markets churning, but with mixed results so far. The Nasdaq continued to show the most resilience, both with earnings results and overall trend, but not enough to confirm bullish sentiment.
Nothing has really changed from last week. Sideways opportunities are still out there, along with some directional opportunities. Make sure to allow for larger swings as the market choppiness continues. Look to either use smaller position sizes or adjust levels to absorb the day-to-day volatility. Continue to keep an eye out for earnings dates.
See you on Wednesday's Mid-Week Trading Room Update class!
Have a great night,
Your Maverick Trading Team
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