How to Prepare for the Coming Crash and Preserve Your Wealth
by Susan Walker
BMO Commentary
Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.
0700.ET
World Markets are slightly mixed and US Markets/Futures are Up slightly.
QQQQ/SPY are currently Trading at 43.33 / 108.60
QQQQ Resistance is at 43.30, then 43.70 – 43.80
QQQQ Support is at 42.80 – 42.90, then 42.70, then 42.4x
There is not much in the way of Economic Events out today . . . just some Bill Auctions . . . so be careful for low-Volume drift higher without much help from Technical Analysis. MRVL Upped guidance this morning on a good outlook for chips . . . TLAB announces earnings at BMO this morning.
As is usual with a low-Volume day, I generally recommend just watching . . . no real Day-Trading opportunities . . for Swing- and Longer-Term Traders: today is a good day to adjust your positions, but not really enter new ones.
AMC Commentary
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