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

Five rolls for our first trade alert. We have one more set of rolls coming shortly. Read More

Six more rolls to finish off the day. The remaining rolls will be published tomorrow. Read More

Six rolls and more to come later today. BUSY week! Read More

Three more rolls today. However, we do have a busy week of rolls and will have many more tomorrow and Friday. As of now, it looks like two sets of rolls tomorrow and two sets of rolls on Friday. At this time we also have six trades set to expire for substantial profits, but we still have a couple days left of trading, so the number could potentially increase. Read More

One roll to kickoff January expiration. We will publish the remaining rolls beginning tomorrow. Read More

The S&P 500 ETF (SPY) finds itself trading at levels akin to those at the start of January 2022. Reflecting on this two-year trajectory, a compelling question surfaces: Is it feasible to echo the financial strides made in 2023 and exceed the peak levels of January 2022? Currently, the market seems to be in a phase of consolidation, prompting hopes for an upward trend rather than a repeat of 2022's downturn. In response to these market conditions, our strategy this week involves adopting a neutral double diagonal position on Intuit (INTU), coupled with a bullish call spread on NVIDIA (NVDA), aiming to capitalize on the current market dynamics. Read More

One roll to finish off the week. We also have two trades expiring for substantial profits: PDD Holdings (PDD) and McKesson (MCK). Monday is a holiday and markets are closed, so we'll see you back here on Tuesday. Have a great weekend! Read More