Pre Market JAN 3, 2025

Stocks are slightly greenish here in the Pre Market today

Do you live in the Midwest of America by chance? If so you already know that “Snowmegeddon 2025” is on the way
Last night I went to the grocery store to get a few last minute supplies
If you live in an area that weather isn’t a factor you may not know this
People ransack the store shelves stocking up before big storms
Last night it was pretty evident that had happened again

That’s how the markets have felt the past few weeks. Like a storm hit and everyone ransacked the place

TSLA’s big drop has added some much unwelcomed disruption to the markets, there’s no denying that. TSLA is up slightly here in the Pre, but it was yesterday too before it’s 6% selloff

What do we do in storms? We prepare the best we can before they hit, then we let them do their thing as we ride them out
Remember REO Speedwagon and it’s smash Live hit song “Ridin the storm out”??
That was taped here in Kansas City back in 1985
That’s 40 years ago, 40 years ago
And we still do the same thing today, for survival
I have a saying ( yes I have many )
I like to say “Live to trade another day”
That means don’t go all cowboy in uncertain times, and ALWAYS set those STOPS

CRS which we entered yesterday could offer addons today. Should it do so we will add more in the way of a small position as the general market attempts to stabilize
AMZN is also up in the Pre, should it hold here it should offer a fresh entry point

S+P 500 Support is at 5,850
Time to grind

The Options Coach