Pre Market Gaps AUG 22, 2024

Pre Market Gaps

Author

Brother Bill
August 22, 2024

Traders are busy this morning here in the Pre Market… Stocks are on the move and the color of the morning is green. The Jackson Hole Summit is taking place and J-Pow is in the house ( J-Pow is what traders call Fed Chairman Jerome Powell) they are looking forward to remarks he may make about the anticipated Sept rate cuts, 25 or 50 bsp?

NVDA is moving this morning, AMZN and GE which we spoke about last night are both unusually active for the Pre Market. AMZN more so of the 2. Neither one has a history of Pre Market movement they typically sleep in…

$SPX.X ( The S+P 500) is up, for conservative traders / investors, Support is now at 5,615 for those whose appetite can navigate a bit more risk 5,617.50 is currently in play. This is the kind of Pre Market that makes traders 😄 Time to grind….

Invest wisely, live charitably and be well

Brother Bill

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