Apple comes out with crappy news about their Macs not selling seems like they are having issues. With apple being the biggest holding in SPY it’s worth keeping in eye on. Semiconductor rally kept us from having a red day. Max pain at 409 as the put call ratio is 1.35, of course way more put interest. As of 4/6 the S&P is trading 38% above its modern-era historical trend value about a 1.1 standard deviation so we are still very well overvalued by 38%. Tomorrow we have FOMC members speaking starting at 1:30 Wall Street time. Remember Wednesdays FOMC is only minutes no J Powell speech. Many people trade against themselves, they place doubt uncertainty and nervousness, they look everywhere for validation searching all of TV and twitter for reasons to buy or sell, the most powerful tool you have is yourself belief trust your gut get in the zone.
As always trade what’s in front of you good luck
As always trade what’s in front of you good luck
