Traders, the bond ETF TLT is on the move here with a pretty significant breakdown that could be wave 3! Financials and real estate are responding as you would expect. From there let me show you how I’m tradiing Apple, Google, and Amazon for earnings via butterflies.
We’re gearing up for earnings here and ready to do some trading around the biggest earnings day of the year. Let’s also take about 15 minutes to answer member questions. (more…)
A 2nd day of volatility as we head into a couple days of major political and fundamental news. Will the market selloff continue or will earnings, State of the Union, FOMC, and NFP somehow right the ship?
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…)
Lower equities today on what they say was fear of higher rates, but that’s been happening for weeks now so what’s different about today’s move? They ignore that we’re up against major resistance in the indexes and with such a major data week, will we see a volatility shock from this minefield?
Lots of market moving events this week including a big earnings day on Wednesday as well as an FOMC event, and then NFP on Friday. From there let’s go over the new SPX index butterfly trade and cover logic, execution, strike selection, and how it fits into the wave count. (more…)
Headline Bombs From Davos Freezing The Bulls? Sorors, Mnuchin, and Trump are all throwing snowballs at the markets causing even more volatility in the macro landscape. Here’s what it means. Our Intel earnings trade is shaping up well, and here’s one key market I’m looking at for the longer-term short.
We’re starting to see volatility increase with equity prices. What does it mean? What did it mean 100 years ago? International markets and are rallying sharply and here’s the impact it’s having on the US dollar and commodities.
Looking at the longer-term direction and wave locations of the major markets. Where could we go here? Crude to $125 or $35? NASDAQ 10k or 2k? We’re working new positions in INTC with a few more to add on, but let’s keep that big picture macro theme in the front of our minds.
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…)