Markets are down big this morning and it’s way beyond random. I don’t know about everyone else, but I’m looking forward to seeing some selling pressure so we can trade it to the downside.
We have some important earnings coming up, including Target (TGT), which reported strong numbers so the stock popped 10% this morning.
That didn’t give the market much of a tailwind but it’s at least good for the stock and retail sector.
I wouldn’t be surprised if tech has a big down day, especially in light of what we’re already seeing this morning.
Bonds, meanwhile, are moving higher, so I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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