Closing Trades (AAPL, SPY) – April 7th, 2020
DailyPlay Positions Outlook:
Markets rebounded sharply today on what seems like an improvement in new coronavirus cases. We suggest that investors remain cautious as 1 day does not make a trend and we do not see any fundamental shifts in our outlooks since Friday’s close. We are inclined to fade this strength, but pull back on our shorts and maintain a more neutral outlook over the next week.