Member’s Video for Friday, January 12th, 2018
The stock market powers ahead again led by transports and energy. We booked profits on our energy position, but took a stop in our SPX butterfly. The NASDAQ and SPX have room to move higher through the winter still, and we put a new trade together in ATVI. Finally, let’s hedge some bitcoin by selling the futures.
SMS issued today:
*Stopping out of SPX Trade – just filled at $4.60. Booking profits on EOG trade – filled at $3.25 and opening a trade in ATVI – *New Trade Alert – Long ATVI Tier 3 SELL -1 VERTICAL ATVI 100 16 FEB 18 70/65 PUT @2.05 LMT. In the Feb monthly options, sell the 70 puts, buy the 65 puts for a credit of $2.00 or more. TG-
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There is some math on Fib and Elliott. Channels are very subjective so wondering why we’re lending some weight to channels in S&P.
Todd, I’m considering pulling the trigger on a new PC and looking at the Falcon computers you recommend. I’m a fairly active trader but by no means a day trader. They are not inexpensive, so was hoping to get some additional thoughts/advice from you on the benefits of getting a high end system like that. Thanks, Steve