Tuesday 9:45am - DNOWS Meetup
- What Trades do you have?
- How is your education going?
- Market/Industry/Bitcoin Technicals
- Stock, ETF, Crypto Alpha Boost Case Studies
Seabrook Discussion 7pm Wednesday
New Age Traders Noon Thursday
- Moderate Volatility: VIX > 21. SPX overall is bearish. The US Markets are waiting for CPI Data on Wednesday to confirm that we are past peak inflation. Higher inflation data will cause market drop as folks anticipate a more aggressive Fed Rate Hike cycle. The money printing machines are on full blast with ECB buying Unlimited European Bond and US Congress passing the $738 Billion Inflation Reduction Act. Perhaps we break out higher, in spite of Stagflation. The new expected SPX range for this week: 4232 top and 4058 bottom.
Sell Put Credit and Call Credit Spreads. Buy Put Calendars, Ghetto Spreads and Butterflies on overbought Stocks and ETFs.
US Dollar and 10 Year Interest Rate:
The US Dollar is stabilizing around the 106 level. As mentioned above, higher CPI data will spike interest rates causing the US Dollar to also spike higher. The 10Y Note Interest has stabilized around 2.79% while 30 year fixed rate mortgages are around 5.5-6%. The Yield curve for the 2year vs 10 year, is the widest inversion ever. In the past, 2 negative GDP Quarters signaled a recession, but apparently this time is different?!?!? Long Term the US Dollar decline is still intact with Fiscal and Monetary stimulus flooding the world with US Dollars.
Crypto Currency: Bitcoin range bound between $24,000 to $18,500. Cryptos too are interest rate sensitive. Long Term and Institutional Investors are using this DIP to Dollar Cost Average into both Bitcoin and Ethereum. Corporations, Countries, and Institutional investors are accumulating large Bitcoin positions. Please continue to Dollar Cost Average into Bitcoin and Ethereum. Crypto winter will last for another 11 months, as we wait for the next Bitcoin Halvening in 23 months.
- Tasty Works Algo Trading System: James at Quiet Foundation
Alpha Boost ideas, sign up https://info.quietfoundation.com/alphaboost
https://issuu.com/luckbox/docs/2111-luckbox-site/56 Alph Boost Article
If you are new to options or this blog sounds like gibberish, please tryout Tasty Trade’s New 2020 Education. Includes 40 Videos, Testing and you get a certificate of completion at the end of the course.
- TRADE Log: VIX > 22
Jade Lizards - Z, PYPL
Put Broken Wing Butterflies - TSLA*, GOOGL*
Put and Call Credit Spreads - IWM, TB
Put Calendars - DWAC*, PYPL*
Upside Ghetto Spreads - AMZN, TSLA*, GOOGL, AMD*, BABA*
Downside Ghetto Spreads - SPY, QQQ
Collars - AAPL*, JNJ*, F
Weekly Butterflies -
Covered Calls - PDBC
SuperBull - LRCX*
- Video and Articles
SPECIAL REPORT: US Stock Market, Bear Market Comps 08/01/22