No punches pulled

Hey traders how are you this afternoon?
The markets, well, we all know how they are today
$DJI ( ▼ 1.68% )  
$SPY ( ▼ 1.66% )  
$QQQ ( ▼ 2.01% )  
$IWM ( ▼ 2.8% )  

Today was big, and not in a good way
It’s estimated that 800 Million was wiped out today
Tech stocks really got slammed

The other day I had some workers here at my house
There was one young man who came along with his dad, I asked him if he played any sports. He said he was in the “Boxing Club”
I asked him who his favorite was and why
He said Floyd “Money” Maywether, and said he liked the way he punched, fast and furious
Yeah “Money” was good, not denying that, but NOTHING like Hagler Vs Hearns on::::
APR 15, 1985, considered the all time greatest slugfest ever for Middleweights'

I’m not going to pull any punches here, today was rough, but here’s the thing
Many charts look like $TSLA ( ▼ 6.64% ) here
IFFFFFFFFFFFFFFFFFF TSLA Gaps down tomorrow that would create a “Island Reversal”
IFFFFFFFFFFFFFFFFFF it bounces here, well, that wouldn’t suck

IFFFFFFFFFFFFFFFFFF it’s any caveat most stocks closed above their lows
A lot of if’s going on right now
We can’t get caught up in emotions or what “think” the markets going to do, but be prepared to react accordingly

Tomorrows going to be a big day in the way of is the selling over?
Is the selling on pause? Or are buyers ready to step back in?
Gold and Silver are both down as well
That means traders have gone to cash
One practice we implement here at theoptionscoach.net is we never want our trades to turn into investments

Here’s how some of our other “friends” fared today
$AMZN ( ▼ 2.4% )  $AAPL ( ▼ 0.21% )  $CAT ( ▼ 3.31% )  $CSCO ( ▲ 4.71% )  $GOOG ( ▼ 3.02% )  $META ( ▼ 0.23% )  $WMT ( ▼ 0.67% )  

Tomorrows another day
The Options Coach