The Fed’S Want Lower Yields
Hi Shoppers, Mr. Bessent at the US Treasury is trying his best to keep yields lower. This was our headline today: And he got what he wanted (albeit for the time being) with the 30 year yield rolling over. Look at that giant red candle today stopping right at my pitchfork support: Now, if the […]
They Did It Again!
Hi Shoppers, My Project Next members beat me on our TSLA trade once again! Here is my trade: Not too shabby… I paid $2.44 and sold at $5.85 for 139% win overnight. Here are the results of my members: They are killing it with over 200% returns!! Sue C sold at $11.06!! Absolutely incredible!! This […]
I Absolutely Love When This Happens
Hi Shoppers, I absolutely love when this happens. None of us are “perfect” traders. The best of us know where our faults lie. We are aware of what the most difficult part of a trade is. Hint: It is not the entry. It is the exit. And I am so thrilled that time and again […]
The Pitchfork in Action
Hi Shoppers, Ever see a pitchfork in action? It’s pretty pretty amazing. Check it out here on the weekly chart of Amazon (AMZN) that goes back to December 27, 2022: Here is a pitchfork on Friday’s SPX five minute chart: You know it is a valid pitchfork as it continues to honor the support and […]
Do You Love Trading?
Hi Shoppers, Do you love trading? I mean LOVE trading. Like as soon as you open your eyes you think, “Where is the market this morning?” You can’t wait to check the levels… Check on your positions… “Is it going my way?” … “Did we hit my price target overnight?”… Is it going to be […]
Are We Clear to Rally?
Hi Shoppers, That's a bullish engulfing candle on the S&P 500 futures daily chart. And we got confirmation on Friday. Check it out: Let me break that down for anyone who doesn't read candles… [Thursday's] up candle swallowed the prior session's entire range, top to bottom. Buyers took the day back from sellers. Friday followed […]
I Think We Are Going to Like Single Stock Futures
Hi Shoppers, I know everyone received that message of Schwab on their Think or Swim platform Tuesday morning announcing the new Single Stock Futures being listed. So what exactly are Single Stock Futures or SSFs and do we want to trade them? I actually traded commodities futures for over five years. My favs were corn, […]
It Gives Me the Chills
Hi Shoppers, Not sure if you were there but Thursday morning I went live to debut our Tilt Scorecard and it literally gave me the chills. I actually had the chills THREE times! The Cboe just added five more stocks to our list of Monday and Wednesday expirations and will continue to add more stocks […]
Come Join me Thursday at 10:30 AM
Hi Shoppers, This is just a quick personal invite to join me Thursday morning at 10:30 ET for a walk through of my Project Next trading strategy along with the debut of my Tilt Scorecard. Yes, yet another tool to add to our trading decisions solidifying those overnight wins. We trade 1DTE or overnight cheap […]
Somebody turned 12 million into 100 million
Hi Traders, Between May 7 and May 21, somebody bought roughly 200,000 put contracts on two Chinese online brokerages. Short-dated. About 12 million bucks total. Puts are bets a stock will fall. Short-dated ones expire within days, which makes them cheap and makes them worthless fast. On May 22, Beijing announced a crackdown on unlicensed […]