The Stock Market Selling Continues for a Third Day in a Row 

The prospects of a bounce of any kind following last Friday’s sell off is nowhere to be found as the financial markets sold off for a third day in a row (Friday is included in those three days).

The S&P 500 fell 1%. The Nasdaq Composite lost 1.2%. Lastly, the Dow Jones Industrial Average traded down 0.8%.

Will there or won’t there be a bounce? It’s possible and likely going to happen, but likely not anytime soon. And if and when we do it may all end up being a part of a pattern on the charts showing lower lows and lower highs in price. THAT is a downtrend, and it is bearish.

To see what options activity is going on for both the Calls and Put side of things let’s look at the most recent Morning Reports lists:

Whichever way you anticipate the markets; for us we see the path of least resistance being to the downside, one can start with their selection process and discussion with their financial pro’s/brokers of what to trade with these lists:

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.

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