QQQ MOP TRADE UP OVER $23 SINCE MONDAY!!!
I WISH I COULD SAY WE CAPITALIZED ON THAT MOVE, BUT WE DID NOT HOLD CALLS INTO MONDAY'S CLOSE AND MKT GAPPED UP TUESDAY, AND GAPPED WEDNESDAY, AND IS GAPPING UP THURSDAY!
THE MARKET DOES NOT LIKE UNCERTAINTY, AND WITH THE ELECTION RESULTS IN FLUX THAT IS UNCERTAIN. THE CERTAINTY IS THAT THE MARKET LIKES THE FACT THAT NO ONE PARTY CONTROLS THE CONGRESS AND WHITE HOUSE!
SO THURSDAY WE HAVE ABOUT A $7.00+ GAP UP (MUCH LIKE WEDNESDAYS OPEN)
OUR MODEL PREDICTED LAST WEEK THAT THIS FRIDAY WOULD BE THE HIGH, BUT WE SURE DIDN'T EXPECT IT IN THIS FASHION.
WE WILL BE BUYING PUTS INTO THE FIRST HIGH THIS MORNING, AND WILL EXPECT THE 30 MINUTE LOW TO BREAK TODAY (UNLIKE LAST TWO DAYS IT HAS HELD THAT LOW)
WE ARE GOING TO LOCK IN THOSE PROFITS AT THE FIRST LOW THAT HOLDS AND THEN WATCH VWAP TEST FOR NEXT TRADE.
THE MARKET DOES NOT LIKE UNCERTAINTY, AND WITH THE ELECTION RESULTS IN FLUX THAT IS UNCERTAIN. THE CERTAINTY IS THAT THE MARKET LIKES THE FACT THAT NO ONE PARTY CONTROLS THE CONGRESS AND WHITE HOUSE!
SO THURSDAY WE HAVE ABOUT A $7.00+ GAP UP (MUCH LIKE WEDNESDAYS OPEN)
OUR MODEL PREDICTED LAST WEEK THAT THIS FRIDAY WOULD BE THE HIGH, BUT WE SURE DIDN'T EXPECT IT IN THIS FASHION.
WE WILL BE BUYING PUTS INTO THE FIRST HIGH THIS MORNING, AND WILL EXPECT THE 30 MINUTE LOW TO BREAK TODAY (UNLIKE LAST TWO DAYS IT HAS HELD THAT LOW)
WE ARE GOING TO LOCK IN THOSE PROFITS AT THE FIRST LOW THAT HOLDS AND THEN WATCH VWAP TEST FOR NEXT TRADE.
Trade closed: target reached:
THE MOP TRADE WAS GOLDEN, AND WE DID NOT PARTICIPATE WITH IT AFTER ELECTION RESULTS LOOKED CLOUDY. MARKET SHRUGGED IT OFF AND FINISHED NEAR THE HIGH FOR THE WEEK.
WE TRIED PUTS TODAY BUT THE 30 MINUTE LOW DIDNT BREAK FOR THE 4TH STRAIGHT DAY (2020 RECORD). A LATE DAY RALLY FRIDAY ALLOWED US TO MAKE A NICE PROFIT INTO THE CLOSE WITH ONE OF OUR STATS THAT PREDICTED THE HIGH WOULD BE IN LAST HOUR FRIDAY. WE BOUGHT 293 CALLS AT 1.00 AVG AND LEGGED OUT OF THEM AS THE NEW HIGH HIT WITH 15 MINUTES TILL THE CLOSE. WE LIKE TO FINISH THE WEEK WITH A 100%+ ROI TRADE.
HAVE A GREAT WEEKEND!
WE TRIED PUTS TODAY BUT THE 30 MINUTE LOW DIDNT BREAK FOR THE 4TH STRAIGHT DAY (2020 RECORD). A LATE DAY RALLY FRIDAY ALLOWED US TO MAKE A NICE PROFIT INTO THE CLOSE WITH ONE OF OUR STATS THAT PREDICTED THE HIGH WOULD BE IN LAST HOUR FRIDAY. WE BOUGHT 293 CALLS AT 1.00 AVG AND LEGGED OUT OF THEM AS THE NEW HIGH HIT WITH 15 MINUTES TILL THE CLOSE. WE LIKE TO FINISH THE WEEK WITH A 100%+ ROI TRADE.
HAVE A GREAT WEEKEND!