When I sat down to film this video, the E-mini Dow and E-mini Nasdaq futures were up about 400 points and 235 points, respectively, which even in this kind of market volatility is beyond random. It has me curious if these levels will stick in light of the fact that Walmart Inc. (NYSE: WMT) missed earnings estimates as higher costs and supply chain bottlenecks weigh on profits.
The Federal Reserve has been adjusting its benchmark short-term interest rate of near zero the past two months, pushing the Fed funds rate to a target range of 0.75% to 1%.
But the iShares 20+ Year Treasury Bond (Nasdaq: TLT) is starting to become more and more choppy. If this turns into some upside momentum, the bond market will head higher and cause rates to either go lower or stay where they’re at.
If rates go lower, it should relieve some of the pressure on the market.
The selling pressure continues to drag the markets down on the edge of bear territory, but the bulls are showing signs of life, taking aim at select stocks trading at multi-month lows.
That’s exactly what we saw Monday with tech titan Apple Inc. (Nasdaq: AAPL). The stock has taken a 20% haircut since markets began to sell off in April, and institutional buyers came in Monday looking for a bounce in the share price.
The Blitz Tracker spotted one buyer sweeping up about 9,800 contracts of the July 15 expiration, $155 strike calls for more than $4.2 million in premium — a HUGE bet!
Of course, that’s not the only stock hitting the tape Monday…
“Hi Roger, I liked the video on earnings release and expected price move.”
Ron K.
A Vertical Spread options strategy involves the purchase of the same type of put or call option on the same underlying asset, with the same expiration date but different strike prices. The term "vertical" comes from the position of the strike prices. In contrast to a calendar spread, which is the simultaneous purchase and sale of the same option type with the same strike but different expiration dates.
Give us a follow and join the conversation on our official social media channels! Jeff discussed why it’s crucial to keep freshening up your positions in this market on Tuesday.
Jeff is also rolling out an all-new option for my readers to receive analysis and other updates in real time — and anyone can sign up! When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m happy to announce we now have a Telegram channel dedicated to getting my latest analysis to you even faster!
Telegram is an instant messaging app that allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.
Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.
Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.
Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.
ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day.
DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk.
DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit wealthpress.com/terms for our full Terms and Conditions.
0 Response to "How Tuesday’s Retail Sales Data Will Shape This Week’s Trading Action"
Post a Comment