Mostly an update with not a lot of new as we head into the end of 2022 next week on a short week. There is one to watch closely for a new trade setup and that is in the Treasuries, but I’ll make the case for patience. Winners are Cocoa & Coffee. Plans are for next week’s trading.
There are plenty of bullish patterns out there in individual equities, but they need the help of the broad market if they’re to really get going. This is one way you can bide your time until they’re ready to move.
SPX has been one of my favorite trading vehicles as of late, mostly through butterflies. There are hundreds of ways to configure these spreads, so let’s spend some time in tonight’s video newsletter discussing the nuances.
As yields continue to drop, the bond market is in an uptrend, this is the mean reversion bond bulls have been waiting for.
Bonds, Euro, gold, crude oil, and the levels I am wanting to see trade before an entry is valid.
The symbol I get asked most about these days is 0DTE SPX options. In this update, I walk through using Hourly Price Movement Ranges to show how time, volatility, and market structure setup this popular symbol.
I am watching trends into the end of the year where strength gets stronger and weakness gets weaker. From AAPL to TSLA, Metals to Bonds, there is a lot to like in this market still.
Today the SPX rallied 1.5% and fortunately we were looking for this. There is, however, still some “And” & “But” still to go with this trade plan. I’ll explain in tonight’s market update.
Today’s market conditions signaled that the Santa Rally may have one more leg up. Check this video out to see how we walked away with a big winner.
