For this week’s trade, we’re selling an $XLI May 97/105 Strangle for approximately $2.85 net credit. This means we’re naked short both the 97 puts and the 105 calls.
Get the full details, risk management procedures and targets for this trade here:
Expert technical analysis of financial markets by JC Parets
by JC
For this week’s trade, we’re selling an $XLI May 97/105 Strangle for approximately $2.85 net credit. This means we’re naked short both the 97 puts and the 105 calls.
Get the full details, risk management procedures and targets for this trade here:
by JC
We debuted a new scan recently- The Outperformers.
The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.
by JC
This is the video recording of our April 5th Monthly Charts Live Strategy Session
by JC
Media has been in the media for a while. (Just had to do that.) The sector has performed well and one of the constituents looks prime for a good move.
Today we are looking at a long set up in the Media sector and we’re here to discuss just that.
by JC
We retired our “Five Bull Market Barometers” in 2020 to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.
by JC
Today we sit down and chat with Professional Trader Kimmy Sokoloff.
I’m lucky to have known Kimmy for well over a decade, and we hit it off from the start.
Kimmy went through the CMT program in the 90s. And funny enough, volunteered later on with the CMT Association to grade Level 3 exams, which are mostly essays. We joke that she most likely graded mine in 2007-2008.
While I like to look out weeks and months for my timeframes, Kimmy focuses specifically on the hours and days. A 2 week trade for her is “Long-term”.
We’re both trained in similar ways, as CMT Charter holders. But our experiences are different.
Kimmy spent most of her career in Institutional Sales and Trading. She spent decades on the phones all day with huge funds.
So when Kimmy has something to say, we want to listen. I hope you enjoy this as much as I did.
by JC
This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
by JC
This is just too perfect.
Straight from the Monopoly Rule Book, written 90 years ago.
Who would have thought that our central bankers would be getting their inspiration from a board game?
And so what are the consequences of such shenanigans?
Well…. [Read more…]