Options in Play: Tracking the Mid-Term Elections
Today’s video is going to talk about SPY and expectations around the Midterms tomorrow. The option market is anticipating a big move in a short period of time.
Continue Reading -->Scott Redler: Multiple Scenario Analysis Ahead of the Mid-Terms
We’re ahead of the biggest political event since the 2018 Presidential election. It seems like a Democrat House and Republican Senate would be equities friendly. And as long as we hold the SPX 2700 area, I’ll be positioned for it to clear 2756 for a move back towards 2816-2840. But if that rally happens, don’t rush to buy into bull hype too quickly. Seasonality and buybacks may be on the bulls’ side, but there’s a bigger pattern to worry about. (more on this below) If the Democrats take the House and Senate, volatility probably spikes. A close of below 2700 would probably mean a retest of 2603. As you can see on the micro chart below, an inverse head & shoulders may be setting up. The election results may dictate if the pattern resolves up, or if the right shoulder gets broken for that 2603 retest.Now let’s look at a more intermediate-term chart. If 2603 gets lost, traders will start worrying about a trip to 2560 – 2580, and a rougher road to end 2018 and start 2019. Now let’s take a look at the big macro chart. This is why I said we can’t too easily buy into a giant year-end rally. A rally from here could complete the right shoulder into 2800-2840, making 2600ish the neckline. If this pattern triggers to the downside and the neckline breaks, the measured move points to 2300 — which could be a 2019 storyPositions Disclosure: As of November 6, 2018 at 10:33 a.m. ET, Scott J. Redler is long FB, AAPL, SPY, IWM
Continue Reading -->Making $7.7K With the Non-Random Walk Theory
Sami Abusaad | Black Room LessonsMost people believe stock market prices move randomly, and thus, cannot be predicted. The Random Walk Theory written in 1964 aided that belief.It is true that predicting stock prices is not always possible.But experienced traders know when prices are random (and to be avoided) and when they’re highly predicable (and to be capitalized on).Learn the high probability, repeating, non-random patterns that generated $7,727 today. After the video, learn about Sami’s new Mentorship program.
Continue Reading -->Options in Play: Precious Metals Are Starting to Shine
Today’s video is going to discuss GLD and SLV. They were both entered as hedges but are starting to shape up nicely regardless of the overall market sentiment.
Continue Reading -->Apple Earnings: What Options Traders Need to Know
Today’s video tackles the upcoming earnings report. I will talk about expectations, the priced in move, past performance and how the set up looks.
Continue Reading -->Sami Abusaad’s Swing Trade Game Plan: October 29 – November 2
Sami Abusaad | Swing TradingThis weekend’s video provides an analysis of the current market as well as a review of swing ideas for the coming week.
Continue Reading -->Options in Play: Strangles, Hedging, and Trading Both Ways
Today’s video is going to tackle a question that came up about strangles and hedges. Timing and bull/bear bias factor into the difference.
Continue Reading -->Why I’m Only Trading Perfect Setups Now
Ryan Tonking | Black Room LessonsWith market volatility its crucial for me to trade only perfect set ups. Today’s video covers just that with TWTR. We’ll cover why I loved it before the open, then entry set up and stop, and the exit.
Continue Reading -->Options in Play: The Signal Netflix Sent Us
Today’s video is going to discuss what/if any signal NFLX may be giving to Tech following its “sell the news” report.
Continue Reading -->Here’s Why the Market Is Crashing
Sami Abusaad | Black Room LessonsToday’s video is about the current market selloff – what caused it and where it’s headed. We also go over today’s trades and how we are doing in the Black Room.
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