Pre Market Gaps AUG 6, 2024

Pre Market

Author

Brother Bill
August 06, 2024

GE is holding the level we are wanting to see, we’ll be looking for new swing trade entries into it here. It’s hovering at $159.50 here in the Pre. If you do any adds as we look to stabilize always remember to use STOPS.

Options traders can hedge for any sudden pullbacks via Vertical Spreads while still capitalizing. For more advanced Options traders the Premiums have been reset and income generation strategies such as Calendar Spreads and Iron Condors could look attractive here. The Gamma Wall on the SPX is now back to 5200. Safety and caution should still be warranted. Seeing a theme here? Nothing blind yet.

Invest wisely, live charitably and be well

Brother Bill

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