Another day…Another all-time high.
We had a few hours of selling yesterday, but it’s back to Groundhog Day.
Full rage mode.
A lot of stuff not making sense out there.
Take these high oil prices, at some point they’ll impact everything, right?
Or the fact that the rally has been driven by a select group of stocks.
Look at Shake Shack and Whirlpool earnings yesterday. They are swimming in the toilet.
Or the fact that option traders are bidding more for calls in names like AMD than they are for put protection.
These are just a few of the concerns Don is seeing in the market right now.
However, he is not being a cry baby about it.
He’s trading what he sees in front of him. His concerns are mainly for those who are invested in this market and think this is healthy.
But from a trading standpoint, the action is great.
Don will be going live at 9:20 am ET to talk about what he’s seeing.
You should be there…
Just ten minutes and you’ll be set up for the rest of the trading day.
— TheoTrade