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Why is the Stock Market Down Today

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The stock market was down today after an incredible 300 point rally in the SPX in a very short period of time. Think of the rally like you’re running up a hill. At first your sprinting up the hill, but then you start to get tired. As you near the top of the mountain you’re running on fumes. After hours GOOGL missed earnings and the stock was down more than 5%. GOOGL might be an anchor to the market tomorrow holding it back from continuing its march higher.

Don Kaufman

Don Kaufman is options trader and educator. Former CBOE market maker, former Chief Derivatives Instructor at thinkorswim, and former Director of the Trader Group at TD Ameritrade. In 2015 he co-founded TheoTrade to teach traders how volatility, probability, and risk really work.

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09.00	Don Kaufman \| Pre-Market Prep \| FREE SESSION 09.20 09.30 Don Kaufman \| Early volatility 09.20 10.30
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10.30	Jeff Bierman \| Market structure 10.30 11.30
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11.30	Brandon Chapman \| Ghost Hour 11.30 12.30
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