Daily Trading Analysis- August 20, 2018
The market futures appear to be green today . I have a short term SNAP position I am hoping to cash out today . There are some good signs I may be able to close this position with a profit today .
Good signs :
1. SNAP is up slightly in pre market trading
2. Market futures are trending green .
Bad signs :
1 . Chinese social media company is in a downward spiral as much it may have a negative impact on SNAP .
For the rest of my stock holdings I don’t see any other catalysts – so will be a hold and watch for those stocks .