What if I told you that we can potentially make 50% on a trade with minimal risk. What if I also told you that it's showing tremendous relative strength and positive momentum? Do I have your attention? You'd certainly have mine!
I love getting involved in stocks breaking out to new all time highs. I love it even more when I can leverage into the play with long options when volatility is low. The bang for the buck if you get hold of a big mover is so much more powerful.
We've got one of these opportunities setting up in the financial sector and it has my attention.
These are the registration details for the monthly conference call for Premium Members of All Star Charts. In this call we will discuss the global market environment and how to profit from it. As always, this will include Stocks, Interest Rates, Commodities and Currencies. The video of the call will be archived in the members section to re-watch any time and the PDF of the charts will be made available as well.
This month’s Conference Call will be held on Wednesday July 17th at 7PM ET. Here are the details for the call:
We've all heard about "Dr. Copper's" ability to gauge global economic growth. What is not discussed as much is that Copper is very highly correlated with Emerging Market stocks, not so much developed markets. With Copper right now setting up for a potentially outsized move, the implications of its direction will likely impact stocks throughout the emerging markets space.
I can't think of a better time to talk about Fibonacci Extensions. The Dow Jones Industrial Average right now is fighting to break through an important cluster of extensions that stem from the last two epic peaks we had in the market: 2000 and 2007. A breakout above 27,000 could spark a new cyclical bull market that we believe falls within the context of an ongoing structural bull market. In other words, this is a more intermediate-term breakout (years) while structurally (decades) we have already been in a bull market since arguably 2013 or even 2016.
In this video I talk about 2 key extensions: 261.8% and 423.6% which is exactly where the Dow stopped going up in early 2018. Was 17 months enough time at these levels before we can move on? Let's discuss:
This is one of my favorite things to do: Forget everything that happened in the first half of the year and start from scratch. It doesn't matter what we did or how we felt in early 2019. It's irrelevant. We're moving forward. This is my Q3 2019 Playbook.
In last night's All Star Options Conference call, JC laid out a case for why interest rates look to be at an inflection point -- the takeaway being that a big move is likely to happen from here. The problem is, we're just as likely to rise as we are to fall. What to do?
While this type of directional indecision is likely to give pause to a straight equities player, we options traders can position ourselves to profit in either direction without having to pick one!
Stocks are set to rip higher at the open today, which makes it tough to buy into some bullish opportunities here as they all will be running away from us. However, there is one name setting up where today's enthusiasm should help us push through some minor resistance and get us targeting new all-time highs that were last seen back in September.
