The market is turning around. There is a rumor that the fed might announce the rate cut. With this in mind, plus the coming holiday, people think that the market should go higher. The market opened high and went up to 145, dropped back to 70s, and right now, the indices are up more than 1%.
There might be a setup for a good reading on GDP which will be released tomorrow. Whether the after news market acts, right now, it should be definitely up.
Tomorrow plan:
1. If the direction is decisively up, looking for exit positions from the holdings.
2. If the market goes down, buy COP sep 80 call, GOOG sep 510 call, AAPL sep 130 call.
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