The Ship Is Going Down
Let’s cut through the nice talk and say it like it is: Every time Trump opens his mouth, the market dives like it just saw an iceberg. VIX rips, liquidity vanishes, and suddenly everyone's a macro expert.
He says yet again that tariffs are coming next week. Against Mexico, Canada, and China. I don’t know how many times he can say something and not follow through, but I would bet it is higher than the current tally. Last month, on Monday February 3rd, he decided he was not going to start tariffs, and would wait 30 days. This coming Monday is March 3rd. I’m sure you can do the math from there. Just a thought
Today was a bloodbath. Tomorrow is yet another day. And it’s LOTTO FRIDAY!! I have the killer charts and setups ready for tomorrow. Also, after various feedback I am going to try a different way of presenting my BONUS PICKS that I think will make them more “user friendly”.
Tomorrow morning we have PCE before market open. This could move the markets, but data has been largely swallowed up quickly regardless of the reaction. So stick the Stack and let’s head in to the weekend with some big wins tomorrow.
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My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dotted Blue line = Price Targets
Purple line = Dark Pool
Blue Boxes = Demand Zones
Red Boxes = Supply Zones
Price targets are not the same as option strikes.
Price targets are where I believe the chart can/will go.
The strikes I suggest are what I think provide the best risk/reward to make money.
Let’s BANK!
LRCX
LRCX 0.00%↑ daily on a 6 day losing streak. Closed today retesting the daily trendline, so the play for tomorrow is a simple one. We either hold the trendline and bounce, or we breakdown and drop further below. Here’s the plan.
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