Hi Shoppers,

Kind of a crazy day yesterday.

Here it is on the five minute chart following my pitchfork very well:

Just when we thought we had a real rally after recovering from the lows, news came out… and down we went stopping right at my pitchfork channel support at $7050.

At the same time, crude oil and the dollar rallied while bonds sold off.

These are the things to watch for clues on the stock market direction.

As long as these assets continue to move sideways, we will continue to rally.

And as we rally, as a general rule of thumb, volatility and option prices tend to fall, which is what we love as option buyers.

As zero and one day til expiration option buyers – the kind of options I like to play in Project MNS here – we REALLY love it!

A lower volatility offers cheaper options that we are shopping for towards the end of the trading day.

We are looking for inexpensive options on stock chart setups that show us momentum that will continue into the next morning.

Come and check us out!

This is pretty wild:

Thank You For Reading … See You Next Tuesday,

Licia Leslie