SPY Tariffs have been increased on Chinese goods. Our market has been continuously pricing in a trade deal since January so I personally anticipate more downside to come. However today president Trump is meeting with Chinese leadership and I think the market will hold off on major selling in hopes that a trade deal “gets done”. Stay nimble.
BABA - After many day's selling off I expect to see some upside today prior to Trumps call with Xi. I’ll watch for call opportunities on dips to $179s. After the call is anybody’s guess so stay nimble.
JD Nice, earnings beat this morning after a very bullish recovery day yesterday. I’ll be watching for continuation. I’d like to see $28.93 hold as support in order to remain bullish. Again, the tariff discussion can send us in either direction.
Z Zillow beat ER last night. We’re selling off this morning. I’m bullish above $38, and will evaluate puts if sell off continues.