The departure today of National Economic Council director Gary Cohn has sent stock futures a lot lower. At 8:00 PM EST on Tue Mar 6 2018 the Dow Jones futures are down 421 points, the S&P are down 38 points and the NASDAQ are down 90 points.
While I don’t expect that these dramatic drops will hold into tomorrow’s opening trades, events like this one can have a profound impact on trading intraday in the SPY ETF.
The rest of these quick comments are for FullyInformed Members.
Quick Comments – Cohn’s Departure and Intraday SPY ETF Trading – Mar 6 2018
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk.
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