The Selling Came Early

August 3, 2023
Author: Peter Stolcers, Founder of OneOption
Author
Pete

Here's what to look for and how to adjust your risk exposure.

PRE-OPEN MARKET COMMENTS THURSDAY – Yesterday the market gapped down and we had a bearish trend day. This is the second red key bar that we’ve had in the last week and it is a warning sign. We typically do not see heavier selling in August until the mega cap tech stocks have reported, but seasonal weakness is taking hold before Apple and Amazon report after the close today.

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