The FED is on deck today. Hopefully, the market will this the news and start a long bullish move on the overhand the market might not care for the FED news. Yesterday the SPY gapped down, finding our $300.00 support line, and the crawled back as much as it could still leaving a gap. Any bullish strength today or tomorrow would have to carry the SPY over $301.45, a show of weakness below $300.00 would set us up for a test of the July 19 low.
The VIX closed well showing a bit of fear in the crowd, a close over $14.50 would spark a bit more fear, maybe enough to start a fire. Over $14.50 would also be over the 50-SMA. The T2122 chart has moved back up and above it’s 34-EMA closing yesterday at 74.90
What We're Trading
✅ No closed trades yesterday nor any buys. CPB (Option) is up 6.12%m CVS is up 8.19% (Option), GE is down 4.5% (Option), KO is up 4.2% (Option), KSS is up 23% (Option), VXX is down .02 (Option), WBA is up 4.42% (Option) X is down -6.9% (Option), XLF is down 2.5% (Option) If you are interested in trading simple directional options, risking less money and BIGGER rewards send me an email, at contact us Attn: Rick
😊 Have a great trading day - Rick
✅ For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for the QEP → (QEP) Quality Entry Patterns). ARWR, OXY, X, SHAK, GE, BX, GS, CVS, YELP Check Earnings!
🎯Dick Carp: the scanner paid for the year with HES-thank you
🎯Malcolm .: Posted in room 2, @Rick... I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade: PYPL, TGT, and ZS. Quality patterns and with my trading, up 24%, 7% and 12%.... this program is gold.
🎯 Friday 6/21/19 (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.
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