Extremely Oversold Situation
The markets are obviously extremely oversold heading into today.
The early morning futures at 5:30 am ET have reversed the majority of yesterday’s losses as tensions ease in Ukraine. As I pointed out yesterday, this is a geopolitical situation and geopolitical situations always have a higher degree of uncertainty to them and many don’t simply disappear overnight. If you entered positions on the close yesterday look to assure that any gains you have early today are protected.
Today’s Potential Opportunities on Further Pullbacks:
Stocks
ETFs