Traders, I am traveling today so will not be able to produce a video. We booked profits on our short-term double calendar yesterday and will be looking to put another short-term income trade to work. Please take the time to watch the option spread video below. (more…)
Updates ahead of this market set to open drastically lower. We’re going to look to take our long positions off below SPX 2740 and NDX 7180. If we get those breaks we’re going to turn our butterflies into call credit spreads in NVDA and QQQ as shown in today’s video.
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Looking back at Friday’s NFLX trade where customers made a 400-700% return on capital invested, and from there lots of events in the media that could influence next week’s volatility. Also, MotiveWave sale and MotiveWave Training Course launched.
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We have a new Member’s Area! Please watch the walk through video. To markets, there is evidence to suggest that the triangle is complete, but here’s what I’m expecting to consider it officially over and time to load the long boat. Also, traveling to Elliott Wave International offices tomorrow. Finally, here’s the reasoning, capital allocation, risk management, and live execution of our PNC trade.
Just a bit more upside to go and we can consider the index wave 4 triangles complete! We have been building a nice little profit cushion here, but need to protect on the next corrective pullback.
Our longs in NVDA and QQQ’s paying off here as the index triangles may now be complete bring in a possibly 13% move towards SPX 3k. There are more long opportunities coming with confirmation of triangle completion in Apple, MA, Visa, and XLY.
These sectors with the exception of XLE and XLY are looking pretty lousy! We need to bring in a 3rd possibility for the S&P 500 count
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This is an exclusive, members-only webinar that takes a deep dive into our current positions, potential trade setups, our trading methodologies, and have all of your questions and comments addressed! (more…)
Are the 2018 index triangles complete? It’s about time to start exploring the long side. Also, we’re looking at the US Dollar for longer-term long opporunitites for a wave 5 move higher.
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