FAANG stocks getting de-fanged. Big players slamming dip buyers – By Todd Horwitz, Bubba Trading.

 


Before the close: 2:30ET. All the activity and all volatility only indicates the top of the markets are in. What we’re seeing here is a big whip around. What we’re looking for now is the opportunity to sell rallies. We are calling the top of the market. Bonds selling off, dollar remains strong. Grain markets very weak today – waiting for new money to come in through sell-off in equities. FAANG stocks getting de-fanged. Equities: Big players are letting the dip buyers buy a little bit then they’re slamming them over the head.

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About the author

Todd Horwitz - Author of “Average Joe Options“. Todd began his trading career in 1980 at the CBOE. He was one of the original traders in the OEX & helped start the SPX. He is a member the CME where he trades S&P futures as well as foreign currencies & is a regular contributor to CNBC, Bloomberg, BNN, Fox & many other major news networks.