Probability Scanner Results for Friday 10/02/2020 6:30 AM pacific
NO TRADES TODAY
As a rule, we do not take any long call trades if DOW is in the red more than 150 points.
The last jobs report before the election was supposed to be the big market-moving news on Friday. But President Trump's stunning announcement that he and First Lady Melania have tested positive for Covid-19 changed all of that.
Stocks around the globe tumbled after Trump tweeted the news, which injected yet another whopping dose of uncertainty into the market. The Dow finished the day down nearly 135 points, a loss of 0.5%.
The S&P 500 fell 1% and tech stocks were hit particularly hard. The Nasdaq was down 2.2%.
But the stock market drop was not as bad as some had feared. Futures were pointing to a bigger decline before the market opened Friday.