By: Tom Gentile
on June 27th, 2022
I will have to check later as today is my birthday and what I typically do is tale the day off or most of it anyway and then celebrate the rest of the week as well.
But, if you know me, you know I love the markets and I will keep an eye on things even while I enjoy my birthday week.
What is going on in the markets this morning is ‘not much.’ It is a situation where there really is no news, (neither good nor bad). And that is ok.
No News is Typically Good News
The way I see things is no news is good news.
There isn’t any headline breaking news that is deemed good for the markets nor bad. It is as if the markets have priced in where they need to be, and we are all waiting for a catalyst that compels us as trader and investors to either get long or short from here.
This could cause a stall on the day pr what some would call, especially if you are a candlestick trader, a day of no decision. This means there will be no clear winner between the bulls or bears (prices didn’t go too much higher or lower)
Of course, this is early in the day of trade as I am heading out to celebrate so things could easily change by the end of the day.
Morning Reports Lists to Gauge Options Activity
Whether you are a Bull, a Bear or a Bullear (pronounced bull-air) where you are both bullish and bearish days of indecision can be frustrating. There is nothing that really happened today that compels you to trade one direction or another and having to wait until the market tips their hat as to which direction it will resume means sitting on one’s hands during that time.
Days like today may mean we aren’t trading, but that doesn’t mean we can’t prepare for upcoming trades and that is where the Morning Report Lists come in.
If you are anticipating bullishness to come look at the calls list. If you are expecting bearishness look at the put list. Or look at all lists that have both calls and puts in their output and then chart from there for what you and your financial pro may deem the ideal entry price.
Morning Reports Lists
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