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IWO Into the Close, Panic Attack Edition

Sell the News

Just when you thought the market was going to bounce on the debt ceiling news, it didn't. I have my thoughts already put out there, but let's just say it wasn't in the tea leaves today.

Oversold begets oversold-er. I don't think we head much lower than these levels but have been wrong in the past. I just know it makes sense to put on our mean-reversion goggles and look for some ideas.

In this episode of IWO Into the Close, we discuss:

  • why the debt ceiling news wasn't the biggest issue for the $DIA and $SPY
  • why the $VIX was lower even though the markets sold off
  • the relative strength in $DBA
  • your individual requests like $SINA, $TLT, $QCOM, $GOOG and many more
You can watch the video below:

by Steven Place

Steven Place is the founder and head trader at