Pre Market Gaps SEP 18, 2024

Stocks are slightly green here in the Pre Market today. On the Gap Up list I highlighted a stock named ERAS. I had to look it up, thought it might maybe of actually been a ticker symbol for the Taylor Swift tour… lol… NO joke, it’s not.

Several years ago, I entered into SNAP. Did everything right. Great looking chart, market was doing well at the time. All was well, until it wasn’t

What happened next was the Kylie Jenner “tweet” that she didn’t like SNAP’s new feature. The stock went into instant free fall. It’s not the news or the event that drives a stocks price, it’s the markets reaction to that news.

J-Pow speaks today, we all know that. How they market reacts will matter more than what he says. The world is watching.

S+P 500 Support now at 5,650….. Conservative investors 5,620. Today is not a day to disregard those numbers. Time to grind

The Options Coach

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