The Week of Chiefs
Before we begin our trading week tomorrow, we have the NFL conference championship games today. The entire country will be tuning in to see how blatantly the refs cheat for the KC Chiefs today, because nobody outside of Taylor Swift wants to see the Chiefs win.
Also, GO BIRDS!
This week will also see the Commander in Chief and the FED Chief locked in a battle of wills and threats, as we have FOMC this week. Will Powell succumb to Trump and lower rates? I don’t think he will this time around. What happens after that is anyone’s guess as of now.
Look, THIS WEEK is ridiculous. I’m not going to sugar coat it. We have one of the largest earnings weeks of the season, FOMC, and a calendar absolutely loaded with data traps and pitfalls. Please take the time to look at the calendars at the end of the Stack.
This is not a week to dive in head first, full port the first thing you see. This is a week that may see some moves on Monday. Traditionally we have chopped in to FOMC/rate decisions, however with the ER slate some of those names can more the market all by themselves.
So be on your toes, don’t oversize, and don’t gamble your port away on ER lottos. Stick to the Stack. It has proven week after week to be the most reliable and consistent source for multiple multiple big wins for 13 months straight (since I first started!).
Your job? Go root for the Eagles and Bills today, and then come ready to bank this week like we always do!!
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My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dotted or Solid 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!
MTCH
MTCH 0.00%↑ weekly consolidating wedge is a nice setup for FOMC week. If you’ve been a longer term subscriber you know that MTCH is one of my favorites for FOMC seek. They have earnings scheduled for next week, so there is also the chance of an ER run up this week. A breakout of the trendline above would really make these cons move, and if you want to look longer dated over $39 this can see another $10 higher. Here is my plan for this week.
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