S&P Rallies 2%, VIX Falls 19.5% | Trading SMH, TSLA, NVDA

Back-to-back days of big gains has bulls in control. Can they maintain it?

Our View

There is no crystal ball when it comes to trading. Nothing comes easy and sometimes things take a little longer to move in our favored direction than we would like. 

Yes, a lot of yesterday’s buying was short covering and buy stops, but this goes back to the PitBull’s old saying, “take out the sell stops, take out the buy stops.” My gut says the …