When The Wolf Finally Came…
Today was quite interesting to say the least. As I said in Sunday’s Stack, I was anticipating another “delay” in the tariffs. I was just off by 2 days on my date. However, the market did not react as it has previously. The market continued to slump, and while it saw a pop in the afternoon, it faded again in to close.
In my opinion, the market and many companies have grown tired of this tariff 3 card monte game. Investors are unable to make informed decisions the same as the companies they are investing in. Tariffs on goods would/will have companies looking to source raw materials elsewhere to avoid the markup, yet they remain unsure on a daily basis as to if and/or when they will need to make a change.
This uncertainty will lead to continued volatility in the markets, as I have stated in the past. We remain in a see green take green market. This is hard to trade with a smaller port at the moment, but I make sure the Stack always has a variety of low risk/high reward offerings. So with all the nonsense lately, there is a simple way to trade.
As always, just stick with PRIME PICK$, especially for LOTTO FRIDAY! We don’t miss. Every Stack is loaded, and what I have inside is a plethora of trade ideas for any situation that arises tomorrow. Set your levels, alerts, and let’s do this thing!
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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!
META
META 0.00%↑ daily took a major dump stick today. Triple bottom put in today while holding this lower trendline of the descending triangle. META is a big mover, and this could be a fat bag tomorrow. Here’s the plan.
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