This market continues to make new highs, but according to the wave count it’s not a good idea to add additional risk here. Also, let’s take a deep look at crypto currencies with our profits booked in ETH and new trade pending in Litecoin.
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Markets going parabolic here following a ho-hum NFP report that is a throwback to the time where so-so news is good news as the Fed is on hold. When will it end? Here’s the resistance zone in the NASDAQ and the S&P 500. Also, our long position in Ethereum that is crushing it, currently up over 80% on a non-leveraged basis.
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Let’s take a long-term look at the Dow this evening reaching moving to quite unbelievable levels. Also, let’s get ready to put a long position to work in NFLX.

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Looking at the NASDAQ in the big picture and booking some short-term profits in Ethereum.

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Adjusting the S&P 500 count to allow for the uptrend to continue along with our new position in emerging markets. Bitcoin likely triangulating while ethereum looking bullish.

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**Note this is a webinar done Wednesday the 3rd as the normal Tuesday Member Webinar had audio issues**

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…)

Markets look set to start off the new year with a bit of a hang over from the 2017 cheer. Corrections in the indexes look set to push us sideways-to-lower for the first few weeks of 2018 as bond yields and the dollar are looking quite bearish. Bitcoin appears to also be in a holding pattern, but the alternate coins including Ethereum look to set move higher.

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Hi Traders,

Video coverage will be on hold this week to take a breather as we gear up for 2018. I am watching our positions and will adjust accordingly this week on SMS and on the Trade Desk.

Enjoy the last few days of ’17 with friends and family. I’ll keep one eye on the markets for you. Thank you to all of my loyal subscribers and I look forward to working hard for you in 2018.

Todd.
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Markets at the index levels look to be in consolidation mode for the rest of ’17 and we’re positioned via index butterfly option positions. However, there are some long opportunities in outperforming sectors such as financials and energy that seem to be foretelling higher interest rates as a result of tax cuts. To finish out we’ll outline the buy zones in Bitcoin and Ethereum.

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New SPX butterfly put to work today in anticipation of a 4th wave while energy and financials continue to lead as US yields are pushing breakout territory.
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