Member’s Video for Monday, December 4th, 2017

Volatility is on the rise here as tax reform is passed and Russian tape bombs are rampant. The DJIA looks strong but the NASDAQ looks range-bound and aligns with our recent NDX butterfly. Jobs Friday is ahead of us before a Fed rate hike next week and bitcoin is threatening a C-wave decline.

My Latest video log is posted – Vlog 35 – Using Your Outdoor Voices

2 Comments

  1. Tracy Stockwell
    Tracy Stockwell on December 3, 2017 at 9:33 pm

    Sounds like we are heading into another SPX butterfly soon. I’m still wondering about the current one. Todd didn’t get filled but it seems a few have, me included. I’d appreciate some advice on this. Thanks

    Reply
  2. Steve Smit
    Steve Smit on December 4, 2017 at 12:23 pm

    Todd, I had the same question as Tracy a few days back. Ended up just pulling the trigger and taking the loss. It would still be helpful to understand the best way to verify whether you got filled or not. I’m sure it’s not easy, but just want to do my best to align with your trades.

    That brings me to DIS. We’re getting hammered today on that one as well. The trade desk says you weren’t filled on that one either, but I believe you’ve been mentioning it which makes me think otherwise. Sold half my position this morning, so that has lessened the pain. Any thoughts?

    Thanks,
    Steve

    Reply

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