It’s Friday Q&A time!

Plus, making sense of yesterday’s INSANE price action... 10/14/2022 It’s Friday Q&A time! Hey, Happy Friday, Evolvers! It’s difficult to overstate how historic yesterday’s head-spinning market reversal was… After opening at $349, the S&P 500 ETF Trust (NYSEARCA: SPY) immediately started surging, reaching a high of $368.50. To put things in perspective, that’s the third-largest intraday SPY reversal in the history of the stock market. And while this was a remarkable move — one certainly worth noting — it doesn’t change much in the big picture. Yesterday, I mentioned that I thought the reversal would lead to further upside but that I didn’t think it would form into a full-blown bear market rally. Let’s say I was half right. There’s been no follow-through as the SPY has done nothing but tank since opening today, down 1.8% at the time of writing. Fun fact: Looking at previous bear markets, the single-largest reversal day has never before marked the bottom. The indexes have always traded lower following the huge reversal day. Keep this in mind when assessing whether you think the market’s headed lower. If you’re confused about yesterday’s price action … join the club. Yesterday’s financial news programming was filled with ‘experts’ trying to make sense of the move. You’re not alone. But it’s Friday, so it’s time for our Q&A. Maybe together, we can make sense of what’s going on in the markets. [>>Click Here To Read The Friday Q&A<<]( Keep evolving, Mark Croock Editor, Evolved Trader Daily P.S. Bigger than GameStop, Bed Bath & Beyond, and AMC? Tim Bohen thinks it has a shot. [Click here to find out why Tim is so bullish.]( sponsored   [Sykes: “Here’s My Bedtime Routine”]( Every trader has a routine… Want to see what Tim Sykes likes to do before going to bed? Here’s a hint… It’s something that’s helped him make money while he was sleeping. [Click here to get the details.]( sponsored   [The Last Time I Made a Prediction This Bold…]( [Traders Had the Chance to Make 8X Their Money]( Now, I’m doing it again… But this small profit window closes in a few days… [Click here to see it now before it disappears!]( [Alternate text] 66 West Flagler Street STE 900 Miami, Florida 33130 United States [Click Here To Unsubscribe]( All content in this newsletter is intended for educational and informational purposes only. The material in this newsletter is not to be construed as (i) a recommendation to buy or sell stocks, (ii) investment advice, or (iii) a representation that the investments being discussed are suitable or appropriate for any person. No representation is being made that following Evolved Trader Daily strategies will guarantee a particular outcome or result in profits. The price and value of stocks may fluctuate depending upon various market factors, and, as such, the strategies used by Evolved Trader Daily to adjust for those fluctuations may change without notice. There are significant risks associated with trading stocks and you must be aware of those risks, and willing to accept them, in order to invest in these markets. Past performance of any trading system or methodology is not indicative of future results. You should always conduct your own analysis before making investments. You should not trade with money you cannot afford to lose and there is a risk that trading stocks will result in a complete loss of your investment. Trading stocks, particularly penny stocks, is not suitable for everyone and requires hard work, due diligence, capital, and substantial time to monitor the market and timely execute trades.