ARMR Action: 3 Day Weekend! Market Closed Monday

Stock Market Investing: $SPY $QQQ $DIA $TLT $IWM $ARKK 

$INDA $ISRA $EWZ $SPXL $GLD $SLV $GDX 

Consolidations usually last more than a day but this power trend is...powerful

Markets gapped higher and then closed the gap testing the lows of big shakeout Wednesday.

At 1:30 I shared this message on the ARMR Trading Desk, "On an $SPXL Day Trade from 1:30sih. Question: Will today be the reciprocal of yesterday's trading? 2:30 marked the beginning on the aggressive selling [yesterday]. Will 2:30 be the beginning of the buy program today?" The answer was, of course, Yes, and we nailed the rally all the way to the close We are looking for strength to continue into the holiday weekend as is usually the case.

However, read & react is our mantra. Usually a big sell off day like Wednesday is followed by more selling/consolidation. Due to the "power trend" strength of this Q4 run I lean toward more sideways action than aggressive downside but head on a swivel as coach used to say.

DISCLAIMER: All of ARMRreport, our trades, strategies, and news coverage are based on our opinions alone and are only for educational purposes. You should not take any of this information as guidance for buying or selling any type of investment or security. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's/investor's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment. Thus, trades/investments should not be based on the opinions of others but by your own research and due diligence.