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As we wake up today, we now live in a world where (it appears) a group of retail traders from today’s equivalent of a message board, may have bankrupted a major hedge fund. Say what you want about the GME squeeze, but this is something books will be written about. (Already some great articles making an appearance)
Both the SPY and QQQ looked poised for a run higher yesterday morning, instead coming in a bit before finishing flat to slightly green. This morning we look to open lower. Over the past few months, almost each new all-time high has been followed with either a small pullback or a few days of consolidation, and it appears that this time may be no different.
Wednesday: AAPL, BA, TSLA, T
Thursday: V, MCD, AAL, LUV, WD
Be sure to check earnings dates before you move into any new positions.