Pre Market OCT 30, 2024

pre market

October 30, 2024

Today is going to be odd for some investors, the markets are mixed here in the Pre Market. Lots of big name winners and losers both here this morning
Yes GOOG beat, and that is good for tech
But stocks like our beloved CAT ( we had no current position ) lost on earnings
CMG and LLY both lost also. LLY’s down by more than 10%
Ohhhhh lets not forget AMD’s smackdown


This graph came from Bloomberg, it illustrates the drastic difference between AMD and NVDA
NVDA is stalled here in the Pre

 
Our winner this morning is GRMN which is now up over 14% here in the Pre
We will look for it to stabilize first, then if it holds play it with stocks and Options both
META is moving, it’s up over 2% this morning. I’ve shared investors frustration with it but have also stated to not count it out. The base it just built is beautiful. META reports after the bell today. We will be watching closely as we will most likely be adding it if it beats

Jobs numbers are up, more Americans are finding work. That doesn’t suck
S+P Support is now at 5,800
Time to grind

The Options Coach

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