Pre Market NOV 19, 2024

Stocks are red so far in the Pre Market today

Are you a night owl? Get up a lot during the night? Or do we share the habit of being an early bird?

My alarm is set for 6:04 a.m. Why not just 6:05? Who knows? lol
Rarely, do I need the alarm to go off to wake me. Most days I’m already up and rolling by then. As humans our Circadian Rhythm is set to make us early risers. And that’s a good thing.. There are countless studies that show early risers not only live longer but are far less prone to many ailments and chronic diseases. Their bodies heal better from injuries, and early risers also report being far less tired throughout the day vs night owls. Those are just the health studies. The ones on wealth management show that early risers earn more money too. We here at theoptionscoach.net like those stats, they fall to our favor

The markets were living the late night life and are now paying the price. The “Moon Shot” that occurred post election hasn’t held. The markets Rhythm is off and stocks have been falling.

Defense is the name of the game here. We could still turn, many stocks are finding support at their 20 EMA’s, some at their 50 SMA’s, but if they break those, further down we go

COST is the only stock on our current list that is showing any green yet here in the Pre
Should COST or AMZN bounce ( and hold with Volume ) both will become buys
SMCI is up “Biglee” by 26% this morning on news of a new auditor.
Investors are still waiting for NVDA’s earnings tomorrow

S+P Support has fallen to 5,846
Time to grind

The Options Coach