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The financial markets experienced a positive week, with notable gains across major indexes. The S&P 500 ETF (SPY) saw an increase of 1.03%, while the Dow 30 ETF (DIA) rose by 0.66%. The Nasdaq 100 ETF (QQQ) also enjoyed an uptick, gaining 0.62%, and the Russell 2000 ETF (IWM) led the performance with a 1.84% rise. Given the bullish momentum observed in recent weeks, a period of consolidation in the coming weeks would align with typical market cycles and would not be unexpected. This week we are going with a neutral double diagonal on Nike (NKE), and a bull call spread on VanEck Vectors Semiconductor ETF (SMH). Read More

This week we have one roll and one closeout. We also have Amazon expiring for a modest gain, but its close. We will keep an eye on it and publish a trade alert if needed. The trade alert could be last minute, so be prepared. Read More

After a period of consolidation lasting several weeks, the markets have successfully breached previous resistance levels, achieving new all-time highs. While this breakthrough is notable, it's crucial to approach the future with a balanced perspective. We should avoid making assumptions about the market's continued upward trajectory. From a technical standpoint, it would be prudent to seek additional confirmation of this uptrend. Ideally, we would observe some follow-through activities, such as sustained trading volumes and market breadth, to validate these new highs. Such confirmation would bolster confidence in the durability of this market rally and could offer strategic insights for both short-term trades and long-term investments. This week we are going with a neutral double diagonal on Berkshire Hathaway (BRK/B), and a bull put spread on Lockheed Martin (LMT). Read More

Pheww, what a week! But, I'm happy to announce this is the end. Three rolls, and one closeout for a small gain. In addition, we also have five trades expiring for substantial profits: Merck & Co. (MRK), Lowe's (LOW), Nike (NKE), Edwards Lifesciences (EW), and CarMax (KMX). Read More