Today the market bounced just as we suspect it might. Lot of the recently battered high beta momentum stocks led the bounce. Is today's bounce a dead cat bounce or another buy-the-dip opportunity? Instead of expressing our opinion, lets wait and see what tomorrow will bring. If there is no upside follow through with conviction within the next couple days, then we should be prepared for further downward move.
In this video, a look of today's price actions for the market and for these following stocks: AAPL, FB, TWTR, TSLA, GOOGL & NFLX.
Click here to view the video if you do not see a video player on your screen.
Disclosure: Long AAPL Call Spread.
