Market start the day gapping down after a nice week last week, which ended at record highs for the SPY and DOW. So it is only normal we are due for a little bit of a pullback.
On days like today, you want to be looking for stocks that have relative strength to the market. What that means is that a stock is either moving up or consolidating near its daily high, while the market is moving down. These stocks tend to rip once the market turns around, so make sure to be scanning so you can find opportunities! Unless you are a short trader.. Today may be a good day for you.
Bitcoin and crypto markets starting to consolidate a little bit after a strong run up. If we keep consolidating and don't drop below 44-45k (for bitcoin), we could see some continued upward momentum to around 50k.
