Stock, Option and Futures Trading
DOW 10 ticks away
The DOW came within 10 ticks of the 11895 level then came back up 55 points to the close. We are still corrective down the question is how far are we going to correct. Everything still looks bullish even though we have a down day (there are down days in uptrends). Maybe this is a bigger turning point but it is too soon to say that so we have to call the levels support.
If we turn up here that means the market is still stronger than normal.
TZOO came down to the $26.80 which is the exact buy level we would normal use to buy the calls. I did not think TZOO would come down to this level so we entered a little soon but I still like how TZOO looks.
Tomorrow we could get a bounce in the markets the low today was calculated on the ES,TF,NQ and the DOW. We noted the DOW in the last post.
Lets see how tomorrow looks,