Apple crushed earnings and we’ll have to manage the position on the open. NVDA, Google, NDX, and SPY positions should be just fine on the open and TSLA is heading into earnings with a weak chart.

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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…)

Let’s look at a couple wave counts of the 2 big tech companies, Apple and Tesla, set to report earnings in the next 24 hours and possible option structures that will compliment the wave counts. Also, we’re working some butterflies in GOOGL and NDX that are holding up well.

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We are moving to a stock market neutral to almost bearish bias as many of our positions will benefit with sideways to even lower price movement. Bonds look to be backing away from the 3rd wave breakdown we’ve been watching.

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What’s this…actual….volatility?! Did this 6-day massive outside reversal bar just put us back in a 4th wave correction?! If so, good thing we have the NDX and Google butterflies flapping around. (more…)

Facebook beats and is breaking out towards $200, but what’s the Elliott Wave count? Let’s take a few minutes to take a closer look to see why we have NOT been following it. Also, bonds are on the break of wave 3 move lower?
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Working butterflies in NDX and another example in Google, and watching financials possibly point to a breakdown in bonds?
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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…)

TSLA rallied for us going from theta negative to theta positive as the ITM put credit spread we sold is now OTM. Also, bonds and gold are now testing Fib retracement resistance as stock indexes were mostly quiet. Alphabet out with earnings and the stock is lower.
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Prepping for a busy economic data and earnings week that will probably setup a test of our massively important 2500 resistance level. Also, looking at the long-term chart of the USD and it says the currency market might be ready to erupt.
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