Market Comments for 2.4.19

WordPress had a foul-up today, so I lost this post from yesterday and am re-posting today; I am so sorry!

SP00s (pre-market) – the SP00s seem to still be stuck in that trading range between the two Fibonacci retrace levels of ~2696 and 2711, basis the SPX…

Trend is still up at the time of this post, and my SAR swing system remains long from 2639… watching.

 

 

 

SP00s (after market close) – As I said this morning, the trend remains upward for the SP00s…

And GOOGL beat expectations on the top and bottom lines, but has been selling after the close -3.3%, after being up 2% on the day – buy the news, sell the fact – or something in the earnings report wasn’t just right?  I don’t really know at this moment…

So the SP00s are presently at a discount to the underlying, though should recover in the globex session…

My SAR swing system remains long from 2639… watching.

 

 

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