By: Tom Gentile
on November 28th, 2022
After a bullish week overall for the Dow and S&P 500 last week and a pretty flat week for the NASDAQ, the markets had a bearish day today closing just off their lows of the day.
Some could argue the markets are oversold and were due to sell off a bit. We can’t blame the poor retail sales numbers from Black Friday as those were solid and better than some even expected.
So why did the drop happen today?
It is being written and talked about over many of the financial news outlets both in print, internet media and tv media the protests in China over their no COIVD restrictions are to blame.
Supply Chain Concerns
What does what’s going on in China have to do with us?
Take a look at the concerns with Apple, Inc. (NASDAQ: AAPL). There is a report from Bloomberg saying AAPL will not be able to fulfill 6 million iPhone Pro orders this year due to a plant in China being shut down due to COVID fears.
AAPL dropped at one time today at least 2.6% of in share price on this news.
Who knows how many other companies are going to experience similar concerns on other parts of China being shut down and you see why there is bearishness in the markets.
Briefly, one needs to keep an eye on oil as it had been showing signs of defying odds and were trading slightly higher on the year, but now those gains are at risk of being fully erased and maybe things go even lower with these latest China lockdowns and protests.
Morning Reports Lists
The reason we have these Morning Reports lists available in our tools (www.tomsoptiontools.com) and through Toms app (Toms Option Tools) is to see where options traders are deploying their capital… what options are seeing the most activity.
When you look at these lists, consider talking the results out with your broker / financial professionals to assess where you feel there is bullishness or bearishness ahead.
Then, if seeing the option results lists helps you decide on an option trade you and your financial team deem appropriate for your account take ether action you want.
App: Toms Option Tools
Toms Option Tools scan the markets for bullish and bearish trade opportunities using our proprietary scans and strategy algorithms. TTR Darknet finds bullish entries based on triple stack channel collisions. Money Calendar identifies seasonal patterns with at least 90% accuracy looking back 10 years. Weekly Cash Clock finds short term opportunities that last a week on average. Microcurrency Trader applies Darknet technology and moving averages to cryptocurrencies. Velocity Trader utilizes volume spike and Velocity indicators on custom stock lists. Quantum Scripts scans the markets for momentum acceleration signals and employs Quantum noise filters. Optimal Trader finds directional pre-earnings opportunities that are optimized for entry date, stock movement, and volatility surge. My Trades tracks the profit/loss of your trades, displays stock charts and risk graphs, creates new trades, and edits existing trades. Morning Report provides top 10 option rankings in 6 categories each day.
Stock and options trading has large potential rewards, but also large potential risk.
You must be aware of the risks and be willing to accept them in order to invest in the stock and options market. Do not trade with money you cannot afford to lose.
This is neither an offer to buy/sell/ or recommend a particular stock or option.
Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been actually executed, the results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with hindsight.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
Disclaimer of Warranties and Liabilities Tom Gentile and TomsTradingRoom, LLC including employees, consultants, and editors (“Publisher”) cannot and do not warrant the completeness or accuracy of the content found in our areas, or its usefulness for any particular purpose.
Tom Gentile and TomsTradingRoom, LLC also make no promises that our content or the service itself will be delivered to you uninterrupted, timely, secure, or error-free. Under no circumstances will Tom Gentile and TomsTradingRoom, LLC be liable for direct, indirect, incidental, or any other type of damages resulting from your use or downloading of any content on our site.
This includes, but is in no way limited to, loss or injury caused in whole or in part by our negligence or by anything beyond our control in creating or delivering any portion of Tom Gentile and TomsTradingRoom, LLC.
You are agreeing that you bear responsibility for your own investment research and investment decisions. You also agree that Tom Gentile and TomsTradingRoom, LLC will not be liable for any I, investment decision made, or action taken by you, or others based upon reliance on news, information, or any other material published by Tom Gentile and TomsTradingRoom, LLC.
Tom Gentile and TomsTradingRoom, LLC relies on various sources of information that we believe to be accurate and reliable. However, we make no claims or representations as to the accuracy, completeness, or truth of any material contained on our site.
Tom Gentile and TomsTradingRoom, LLC are educational portals, providing content for educational and informational purposes only. Neither Tom Gentile nor TomsTradingRoom, LLC are a broker/dealer. Investors need a broker to trade stocks and options and must meet certain requirements. All securities, futures, and investments data and ideas are offered to self-directed investors. All prices in USD unless noted otherwise.
A full disclaimer can be found here: http://www.tomgentile.com/legal_disclaimers.html.