College Bound!
Hi Shoppers, Today the Fed makes its announcement of where it is going with interest rates. The market is bound to react … one way or another. Here are my charts in the major indexes with support and resistance levels. SPDR S&P 500 ETF (Ticker: SPY): I have support in SPY at $390 and then […]
Time to Toot My Horn
Hi Shoppers, If you joined us at our fabulous live event, our Trade Fest II this week, you heard me call for the markets to trade higher. That was Wednesday. And here is what we did yesterday: SPDR S&P 500 ETF (Ticker: SPY) up $4.00 or 1.01% S&P 500 (Ticker: SPX) up $39.05 or 0.99% […]
See You Later Today! (Plus A Trade Idea Now)
Hi Shoppers, I am seeing a bullish hammer with confirmation in Alibaba (Ticker: BABA): So, after trading lower off that shooting star candle on July 8 where BABA traded $125.84, it has traded down to $97.84 on July 15, which created a hammer. BABA has traded higher the last two days off that hammer. I […]
Citigroup Breakout?
Hi Shoppers, Citigroup (Ticker: C) has announced its earnings and looks like it is on a breakout to the upside: Here is my pitchfork for C, which it is following pretty well: There was massive volume on Friday’s breakout. C closed at $49.98. I am seeing the next resistance level at $52.70 and then at […]
Birthday Dinner
Hi Shoppers, I need to be brief, as it is my husband’s birthday! This is the first year I haven’t bought him a card. Is that weird? Or bad? It feels weird. We agreed not to buy cards for each other anymore. We gave up buying gifts long ago. My goodness, we sound like awful […]
Make a Move
Hey There Shoppers, OK, so Option Pit’s Bill Griffo may not have been at the Rolling Stones first concert, which took place July 12, 1962 – 60 years ago! And they are still touring (though sadly without Charlie Watts). But, I do know that Griff, Option Pit’s Head Income Trader, has been around the bond […]
Bounce in Oil?
Hi Shoppers, Oil has had quite the ride. Pretty much straight up since last summer until early June of this year. SPDR S&P Oil and Gas Exploration (Ticker: XOP) went from $70 in August 2020 to $170 on June 8. There have been twenty trading days since June 8 and XOP has only had three […]
Hammer Time
Hi Shoppers, Option Pit has another essential live event for you free of charge … It takes place tonight at 7 p.m. ET. Andrew Giovinazzi and Mark Sebastian will let you in on the five stocks NOT to own. That’s right. You will be able to make sure these stinkers are NOT in your portfolio. […]
Headline: Land of the Free
Hi Shoppers, A quick lesson on an important topic today .. Factors of an Option Price Of all the factors that make up the price of an option, there is only one that is an unknown: volatility. The known factors in an option price are: Stock price Strike price Days to expiration […]
Is NIO The One?
Headline: Is NIO The One?Hi Shoppers, I am seeing a bearish set up in Nio Inc (Ticker: NIO): Monday’s candle is a bearish engulfing formation and we have lower trade today giving us confirmation. Looking at the options, the July 8 expiration at-the-money could be a good purchase: The July 8 22 puts around a […]