The past two days we opened up 50+ points in the morning, to immediately sell off. It's clear that traders are beginning to take advantage of the recent run up and selling in the morning after the rise in futures.
Yesterday, at about 10:30 buyers came in and bought the market back up. To me, this is dumb money, the one's late to the party. Today we have sold off once again this morning. I am interested to see if traders are still willing to buy the market back up today (2 days in a row), or if this rally has overstayed its welcome.
TGT up big this am, but selling off now. RCII doing the same.... I am still in both positions. Depending on where TGT trades throughout the day, I may close position.
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Stock Analysis for Traders and Investors
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