Despite the Columbus holiday and bond market closed, we did see a little bit of volatility including an outside reversal bar in the consumer discretionary sector. We laid out new positions in SPX and TSLA to capture more option decay in these quiet, pre-earnings markets. (more…)

This bull market looks like it has room to run as technology is starting to join the rally in progress led by financials, materials, and transports. We’re still operating under the belief that we’re quickly approaching resistance, but we’re respecting the trend until it’s no longer in place. Let’s take a spin around the macro market environment and look at the Nikkei, Yen, gold, bonds, and bitcoin. (more…)

Equities have rallied for 8-straight days and the financials are leading the way on the hopes of higher interest rates. Will bonds break down further post-NFP this morning granting their wish? Technology broke out, but not from the kind of stuff sustainable bull runs are made.
Trades Issued Today:
**New Trade Alert – Long GOOGL – Tier 3 Full Size** SELL -1 VERTICAL GOOGL 100 (Weeklys) 27 OCT 17 967.5/962.5 PUT @1.90 LMT. In the 27 OCT series, sell the 967.50 put, buy the 962.50 put for a credit of $1.85 or more. -TG-

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Let’s walk through this Apple diagonal butterfly trade alert and how it relates to our existing position. The rest of this video will be recorded tonight after the bell.
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Stock indexes are certainly giving us some mixed messages here, so let’s not try to be hero and figure it out before they know what’s going to happen. We’re content to continue to collect theta while the market figures itself out. A few new positions to talk about as well.
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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…)

Materials, healthcare, and financials boosting the S&P smack dab into Fib resistance. Let’s be very mindful of the next 20 points above us in the S&P 500 as it could prove to be the zone that reverses us.
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We start this morning in shock following the worst mass shooting in US history, but the markets will continue to trade so we press on.
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We’re carrying our SPY fly into expiration today and will be watching the 250 level carefully as gamma will be all over the board. Our longer-term SPX fly is going fine as the NASDAQ and S&P are mostly sideways, but what about the Russell? Materials, energy, and financials continue to be the leaders here.
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Small caps moving based on possible tax reform, with resistance just above us in the indexes. Our SPY fly is hanging right around the 250 mark heading into Friday’ The bond market is breaking down here as interest rates are beginning to move higher giving a bid to financials. Materials and energy stocks are also on the move here.
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