Planning Monthly Group Webinar

We will be holding our first group live webinar meeting soon to review the markets, trades, and trading techniques. For scheduling purposes, we would appreciate your feedback on preferred times. Would you prefer:  After market close @ 4:30, or  A weeknight around 8 pm...

Stabilization After a Downdraft

Today the markets stabilized by staying inside yesterday’s range for the most part. None of the broader market indices retraced more than a small percent of yesterday’s downdraft. Based on yesterday’s commentary in the video, nothing has changed.  As...

New Trades in Another Mixed Market

Below is daily chart of Kohl’s Corporation (KSS), $38.56. Trade:  We recommend selling 10 Apr $41.5/45 bear call spread (31 DTE) for $.42/share (closing mid-point) or better. Technical Setup:    Breakdown daily and weekly charts with bearish engulfing on the...

Master Trader Plan for This Week

There are lots of lessons to be learned in the markets as a Master Trader. Two that come to mind are: one, give the benefit of the doubt to the trend, which is up. Second, that bull runs typically don’t end until they seriously make you doubt they will ever be over....