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March 20, 2024
Did Japan show the way?
BY ANDREW GIOVINAZZIMarch 20, 2024Yo Pit Crazies, Mark is going live with a special Trading Desk 11am Fed Extravaganza. Sign up if you don’t want to miss it. The chart below is of the MSCI Japan Index (Ticker: EWJ). Note over the last few days it has opened higher and closed higher than the previous days. This…
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March 19, 2024
GOOGL providing AI smarts to AAPL is peak AI madness
BY ANDREW GIOVINAZZIMarch 18, 2024Yo Pit Crazies, Jump on over to Weekly Profit Cycles as we set up another trade going into the FOMC meeting on Wednesday. Apple Inc (Ticker: AAPL) announced that Alphabet Inc (Ticker: GOOGL) will provide AI smarts to AAPL products. I think Steve Jobs just rolled over in his grave. AAPL has massive…
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March 18, 2024
I am not trading any more put calendars
BY ANDREW GIOVINAZZIMarch 18, 2024Yo Pit Crazies, Pick up Licia Leslie’s candlestick class and learn how to read charts. Maybe I can get better at reading charts since I am horrible at it. You see, I bought some calendars in the SPDR S&P 500 Trust (Ticker: SPY) on Thursday for next week in my OPMentoring class. I…
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March 16, 2024
Stories from the pit – “The Tap”
BY MARK SEBASTIAN March 16, 2024 In this edition of “Stories from the pit”, Andrew will be chiming in with his experiences as a floor trader and member of the CBOE – MarkAs a Market Maker, there are things you don’t want to see and one of them was this… Let’s take a walk back in time to…
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March 15, 2024
Beware the Ides of March on a red SPX day
BY ANDREW GIOVINAZZIMarch 15, 2024Yo Pit Crazies, My Weekly Profits Cycles trade is only up a couple of bucks today but it was looking home run worthy when the SPDR S&P 500 Trust (Ticker: SPY) was down .75% today. The next catalyst is likely next week when the FOMC opines on rates. The PPI number “killed” the…
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