A bird in the hand...

A bird..

Markets closed red today
The vast majority of stocks did too
No major selloff but a “loss of confidence” was evident

AMZN’s miss on earnings didn’t help things, none
Combine that with GOOG’s continued down turn and well, you know the rest

Lately I’ve been talking about stocks climbing but they have been staying at the top of the long term trends
To break out of those then start a new trend on top of that is a true sign of strength
Stocks need Volume to do that
They don’t have that conviction at the moment, not today at least

With that being said I took some profits today as the old saying goes::
“A bird in the hand beats two in the bush”

We all know that this coming Sunday is “The Big Game”
This weeks “Weekly Recap” from theoptionscoach.net will go out a little earlier than usual on Sunday
I’ll talk about how we did this week Sunday
In the meantime go out and get ready for “The Big Game”
Be sure to buy plenty of blue cheese dressing to go with those wings
And as always go get outside in nature!!
You won’t regret it

The Options Coach

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