This is the biggest weekend of the year for traders
BY ANDREW GIOVINAZZI April 4th, 2025 Yo Pit Crazies, VIX trades 40! That is what happens when China does not bend the knee to tariffs. To add fuel to the fire, Fed Chair Jerome Powell says there will be no ‘Fed Put’ in the short term. That really got folks unhappy. And VIX trades […]
Is the selling over?
BY ANDREW GIOVINAZZI April 3rd, 2025 Yo Pit Crazies, Right now traders are wondering if this big selloff is over. To be honest, it probably isn’t. Yesterday, the VIX9D-VIX indicator was signaling something extreme, reaching one of the highest levels of the year as I mentioned into the close. Looking at the chart below, […]
This indicator is flashing a crazy warning sign
BY ANDREW GIOVINAZZI April 2nd, 2025 Yo Pit Crazies, Liberation Day is coming for trade in the USA, or at least that’s how it’s being viewed at the White House. Personally, I believe it will be more like Stock Market Liberation Day, where we’ll finally understand the situation, and from there, things can start […]
What is behind the Newsmax rally?
BY ANDREW GIOVINAZZI April 1st, 2025 Yo Pit Crazies, So know what stock makes a great Turbo Income Trade? That stock would be Newsmax Inc. (Ticker: NMAX). There is nothing like an income strategy on a stock that goes from $20 to $210 in two days to warm the heart of every income trader. […]
We are not done with Tariffs yet
BY ANDREW GIOVINAZZI March 31, 2025 Yo Pit Crazies, Stocks made a strong comeback today after opening down more than 1% for the S&P 500 Trust ETF (Ticker: SPY) — in fact, it was nearly 2%. However, the rally was short-lived as the well-known JP Morgan SPX puts at 5565 expired worthless. This morning, […]
This might be the best set up yet for VIX
BY ANDREW GIOVINAZZI March 28, 2025 Yo Pit Crazies, Stocks dropped 2% today as traders reacted negatively to the Michigan Inflation Sentiment indicator, despite its history of being inaccurate. There’s also a decrease in projected U.S. government spending entering the forecasts, which is adding to traders’ frustration. The stocks that took the biggest hits […]
This $270 stock had a $40 range today
BY ANDREW GIOVINAZZI March 27, 2025 Yo Pit Crazies, While the MSM press is going crazy over the “textgate” debate, I still wonder why anyone in the White House would want to purposefully include a journalist. This question will probably remain unanswered, but at least we have some clarity on the automotive tariffs going […]
This is why the SPY tanked today
BY ANDREW GIOVINAZZI March 26, 2025 Yo Pit Crazies, Traders are always looking for a reason the market went up or down. They might be right half the time, but ultimately it does not matter why. The only thing that matters to traders is how they are positioned into a big move. When premiums […]
This Is Why You Want An Income Trade
BY ANDREW GIOVINAZZI March 25, 2025 Yo Pit Crazies, This topic came up in Capital Gains today—what makes a successful Wheel Trade? Before I dive into the trade I prefer, I want to mention that Hans Albrect will be going live on Thursday to help close the deal on Income Trading – don’t miss […]
Is the new fear being left behind?
BY ANDREW GIOVINAZZI March 24, 2025 Yo Pit Crazies, There is nothing like the snap below to get the old heart pumping. I also find myself appreciating the “nibble strategy” of buying stocks when they drop by 10% or more – buying some of my favorites even though sometimes it is hard to remember […]