Pre Market OCT 2, 2024

pre market

October 02, 2024

It’s still early but stocks look to be slipping here in the Pre Market this morning. Between profit taking off of the recent highs combined with geo political issues in the Mid East we can see how the markets could be affected

Defensive names may be back in play along with oil. USO is one to look at on the oil front
Should markets begin to unravel, it’s a good idea to raise cash and protect capital. Not just now but always. Set those STOPS and honor them.

S+P Support is now at 5,650 and 5,600 for more conservative investors.
One thing that we do like is that the S+P is up off of the overnight lows.
Time to grind

The Options Coach

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