Let's Trade

8/3/21 - Markets bounce as predicted


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As predicted the markets bounced after a little slide for the first hour or so of the day to close up pretty high in the green. When you see on the charts a pullback to multiple points of pivot support, you can bet that you are going to see a bounce, which is exactly what happened today.

None of our early called stocks really worked out too well except SCCO, however due to constant scanning there was a nice buy setup that presented itself on C that made a nice 2R gain. Always be scanning, there are THOUSANDS of stocks out there that could potentially present you with the patterns you are looking for.

In other news, about 70% of Americans are vaccinated against covid, which should boost investors spirits' a little bit.

Bitcoin still hovering in the bottom range of the consolidation we are seeing after the nice gains made on 7/25. Unfortunately did not see much movement along with the nice green day we had in the markets...

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Let's TradeBy Derek Hutson