The big shrimps

Hello traders how are you today?
If your new here welcome
The markets are red today
$DJI ( ▲ 0.64% )  
$SPY ( ▲ 0.51% )  
$QQQ ( ▲ 0.44% )  
$IWM ( ▼ 0.31% )  

You guys know that I weld metal sculpture art
Well as a “challenge” to myself I’m taking on a project
There’s a music company in Kansas City that has its own 501C3 charity
What they do is host black tie auctions twice a year to raise funds to send kids to band camps and pay for musical instruments… Superrr Cool Worthy Cause…..

Well yesterday I was given several unplayable trumpets, some saxophones, a few tubas, flutes, a few violins and a bag full of miscellaneous stuff to make sculptures out of. The sculptures I make will then go back for a charity auction
The lady told me that as an artist I get to go to the charity auction in a few weeks for free, I asked if I get to sit at the table served the big shrimps 🙃 

That’s not the kind of art I typically make. Those are all made of brass, I weld old rusty industrial steel. It’s familiar to me and I like it

Giant selloffs like today aren’t always familiar to many investors
And very few actually like them
For a while now I’ve been saying that prices are way up over the 50 Day Averages
The SPY is what we use as our barometer
What we’re seeing right now is a reset. Back to baseline if you will
That’s not a guarantee that prices will stop there, its a area of support that we can’t ignore
The bottom of it’s current box is now below the 50

I didn’t add any new plays today, rare for me, but I’m not convinced that the dust has settled just yet, and it served me well. Many got caught today when it looked like the market was bouncing but then pulled back instead

Our new friend $CASY ( ▼ 1.0% ) held it’s own and closed close to even
Here’s some of our other friends today
$AMZN ( ▼ 0.31% )  
$CAT ( ▲ 1.48% )  
$GE ( ▲ 0.41% )  
$GOOG ( ▲ 1.57% )  
$NVDA ( ▼ 0.64% )  
$JPM ( ▲ 1.12% )  
$WMT ( ▼ 0.08% )  

Right now parts of America are in a “Artic Freeze” If you fall into that please be careful, check in on your people, make sure you have everything you need before any big storms
And never back away from new challenges, those are what helps us grow, and who knows, maybe you’ll get to eat the “big shrimps” 😁 😁 

The Options Coach