The Empire Strikes Back?
If striking back means folding, reversing, pausing, and being a floppy fish then yeah I guess you can call them an Empire. But it’s most of the world striking back at them in a never ending loop that plays out every week.
Sunday morning has become the official “start of Trump’s week” with his unhinged rage tweets that greet many of us when we open our eyes on Sunday. The week is a mish mash of fake tariff news/threats/reversals and a lot of poorly rehearsed publicity stunts like last weeks “Cabinet Meeting” aka glaze sesh. The mouth and tweets will continue to be with us, but how much the market listens to them will be an evolving process.
The big ticket item on the “menu” this week is Big Daddy Jerome Powell and the FOMC rate decision and press conference this Wednesday. I am sticking to my guns and saying there is not a chance in hell that there is a cut this week from the FED. Powell has been crystal clear that he is not making moves without knowing the economic plans and impact of tariffs. Trump’s constant bitching and badgering will not soften Powell. Wednesday could see a tweet fest of hate if/when Powell doesn’t cut. Be aware.
Another full slate of earnings also is upon us this week, and volatility remained low to close out last week. I am still hesitant to look at longer term ideas without any clarity and many companies revising guidance downward after this quarter. That’s totally fine thought, because we have the Stack, and we continue to slap. SIRI 0.00%↑ 20c on Friday hit 600%, and we had several others over 400% for just 1 day of trading!
I will continue to bring the best setups and contract ideas around, you just have to hit that subscribe button so you don’t miss out on any of the action.
Now, let’s get to my thoughts as we start the first week in May.
Annual Subscription Money Back Guarantee!!
If you don’t make back your ANNUAL subscription fee in 1 month, I will refund your money AND YOU KEEP your subscription.
ZERO RISK - WHO ELSE DOES THIS??
Valid on new annual subscriptions only. First month defined as first 8 issues from start of annual subscription.
My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dash/Dot Blue line = Price Targets
Orange Dash/Dot line = POC (Point Of Control)
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!
BULL
BULL 0.00%↑ was an IPO just under 1 month ago. It finally saw some buyers step back in to close out the week last week. This is a pretty simple setup as we are looking for an explosion if this rounding bottom formation continues to form in to this week. Here is my plan.
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.