Tomorrow is Friday and the market has it’s eyes looking towards the PCE and Personal Income data at 8:30 am, along with Pending Home Sales at 10:00 am. If these numbers come in as forecasted or better, the market could keep right on flying.
We closed looking pretty green across the board, but some BIG red names as well. Why share this?
One of the first things I do every day to prepare for tomorrow is to find the “biggest losers” of the day (your broker probably has a built in screener for this). I do this to cross reference with charts and see if it may be coming in to a major s/r level and could potentially bounce.
If you struggle to come up with a daily watchlist, that is one quick way to go about it.
“King of Lotto Friday”
We’ve been killing it on Lotto Friday’s in here. 1500% on INTC last week alone. Tomorrow will be pretty much all up to PCE. If we come in well we should send. If we get bad data it could be a dump all around in to big earnings next week.
I cannot stress enough that you NEED to take profits on your 0dte trades, especially if you go further than 1 strike out of the money. Theta goes clap clap clap on Fridays. Be smart, not red.
Weekly Reminder that lotto Friday is not to go full port and blow your week. It is to trade responsibly, make bank, and have fun.
MMM
MMM 0.00%↑ the scotch tape wizard! Smaller time frame chart as this is simply for tomorrow and the setup is pretty simple.
Calls can work over $96.35
Keep reading with a 7-day free trial
Subscribe to PRIME PICK$ to keep reading this post and get 7 days of free access to the full post archives.