The chips have moved down into Elliott and Fib support with high implied volatility pointing us to counter-trend longs in the beaten down chip space. Health care and industrials continue to press this bull market higher heading into earnings, but the lethargic summer pace in the market suggest we approach slowly. Also, the Member Webinar Posted.
SPX – consolidation remains
Rut – Red Count – Ending Diagonal?
AAPL – Red count – x-wave triangle
Google – Blue
NVDA – Red count – Fib support /high IV
SMH – sharp sell off with high IV

Todd’s Trading Lifestyle Vlog #31 – The Work Gloves Are Coming Off


Member Webinar – Tuesday’s with Todd – Every Tuesday at 10:30 AM New York Time

Coffee Shop Webinar

Weekly event available only to members where we discuss market action, take your comments and questions and focus on making you a better trader. Register Here

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New Member Tutorial Video – How To Trade A Smaller Options Account. 

In this 40-minute video Todd covers the basis concepts of option spreads, selection of credit or debit spreads, and how to position size based on’s tier ranking system.