The NASDAQ came back here as some big cap tech recovered allowing the S&P to stabilize dropping vol and gaining some profits on our index butterflies. We have new trades in NVDA and IYT and of course, we’re watching the bitcoin bonanza.
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Indexes consolidate and our butterflies start to kick into gear. While equities chop, I’m trying to find an ideal spot to lighten up my position in bitcoin, but it just,,,keeps.,,,rallying into the futures release. What’s it all mean?
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Looking at an abundant amount of 4th wave ranges in in the indexes and equities out there heading into the jobs report and next week’s Fed rate hike. We’re focused mostly on index butterflies and a new butterfly in GLD. (more…)

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…)

Indexes are likely falling into 4th wave ranges and we have butterflies floating in the ranges for each. We cut the Disney trade and continue to watch the cryptos. (more…)

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. (more…)

The NASDAQ bounced back from a very oversold nature, but is likely facing a corrective trading environment for the rest of the year, perfect to float butterfly trades. The S&P charged ahead led by, industrials, energy, and transports. Bitcoin is also likely falling into a corrective environment following yesterday’s fireworks. (more…)

Let’s take a look at the longer-term NASDAQ to gain context and then turn to the intra-day action that saw a major shift away from technology and to financials. (more…)

We saw some mid-day volatility on the back of North Korea missile launch and arguing over the debt ceiling in Washington. But that the end of the day there was positive news on tax reform so bulls pushed it back towards the high. End of the day – nothing changed. (more…)

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…)