The 3 Reasons We Bought the SPX This Morning

I like to have at least 3 reasons to initiate a trade. Today, near the opening, we saw internals were improving and the IWM soaring, while the SPX made new lows. We then waited for a cross of the 1-minute ATR trailing stop to go long.

Raghee Simpler Futures

Relative Performance Setups

Follow-through relies on it and here’s where the relative performance is waiting in the current environment.

Trading Lam Research (LRCX) Earnings

LRCX has an overnight earnings setup due to the stats I can see in my Hot Zone. The market makers are pricing in a bit higher move than this stock typically has, so I’m taking this opportunity to sell premium and capitalize on the volatility crush.

Neil Yeager Futures

OPEX Week

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