Morning Scoop
Yesterday was a relatively quiet day, but today is shaping up to potentially be a big mover. I have a lot of stocks on my watchlist that are gapping up this morning, so I’ll be keeping a close eye on how the market behaves. Fingers crossed that the upward momentum continues!
Markets
🧠Brain Game
Imagine you have two jars filled with marbles. The first jar has 30 marbles, 10 of which are red and 20 are blue. The second jar has 40 marbles, 20 of which are red and 20 are blue.
If you randomly pick one marble from each jar, what is the probability that both marbles are red?
📈📉 S&P 500 Futures Update
We’ve breached the lower green area of interest and are now headed towards the next level. It’s crucial that we hold this level and push higher into the next zone to keep this rally alive. If we fail to do so, we could see more downside action.
🔮 Forecast
Ideally, if futures can maintain their current upward momentum and push higher, it may indicate a trend for the rest of the market to follow. This can help identify leaders and laggards in the market and provide valuable insights for traders.
🧠Brain Game Answer
Probability that both marbles are red is: 16.67%
(10/30) x (20/40) = 1/3 x 1/2 = 1/6 = 16.67%
Wrap-up
Only two things on my watchlist today – TSLA and NFLX – as they both fit my trading style. I’ll be keeping a close eye on them to find a good entry point for a quick trade. Have a great weekend everyone!
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