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We knew the markets probably weren’t going to respond well to the tariffs, but the breadth and depth of them provoked a virtual instant selloff in aftermarket trading yesterday. To give you an idea of the ferocity there, NQ futures were halted at one point Wednesday evening.
That spilled over into today’s regular trading; stocks just closed out their worst day since the early 2020 COVID Crash on volumes running at about 150% of normal.
But whenever there’s “blood in the streets” like this, profit opportunities are there for the taking for folks who keep on an even keel.
That’s what we’re going to look at tonight. I’m seeing bullish setups in sector ETFs like XLV, XLU, XLE, and XLRE. Bullish – you read that right.
On the other hand, there are short-side plays in AAPL, LEN, GM, and F.
There’s much more to talk about, so let’s get started…
