Stocks Sold Off Today: Will They Rebound?
Posted on Tuesday, April 26, 2022 at 4:19 PM
Dan Passarelli, CEO - Market Taker Mentoring
Stocks sold off today: Will they rebound? Option trader Dan Passarelli says yes, but probably not for a while.
So what does this mean to the stock market, stock investors and options traders? What kind of trading strategies should people be focusing on? Dan says, for one The Great Rotation from tech stocks to cyclical stocks. Those are your everyday blue chips, or specifically brick and mortar retailers and such. The sorts of companies that don't need as much of a low interest rate environment to thrive because they sell stuff people need regardless.
Dan also says to focus on niche option trading strategies like earnings plays, specific momentum plays and especially short squeezes.
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