Nothing happened yesterday.
At least nothing that stuck so there's no point in talking about it though it was an interesting test for the Nasdaq, which almost completed the fall we expected (to 15,000) but held up at the weak bounce line at 15,200 and blew right back over the strong bounce line at 15,400 so now we'll wait and see what happens when Powell speaks to Congress this morning (it's the Confirmation Hearing for his 2nd term).
Esther George speaks ahead of Powell at 9:30 but yesterday, at noon, Raphael Bostic said he wouldn't mind a Fed Hike as soon as March and that's when the markets took off. I guess it was better than saying January? Anyway, it's hard to say what traders are looking for at the moment so it's a good day to review what worked and what didn't work in the past year.
Our Top Trade Alerts have a tradition of being wildly successful. In 2020, we finished with 43 winners and 4 losers for a 91.4% success rate and, as of thier reviews (generally about 9 months after starting the trades), we had net gains of $668,627 so no wonder it's our most popular service but keep in mind we are successful BECAUSE we don't force the trades – we call them when we see them and there's been only one this month (VIAC) so far and there were 9 in December – though we found nothing we liked after the 13th.
Now we go back in time, to the winter of 2021:
Top Trades for Thu, 07 Jan 2021 11:04 – GOLD
By the way, in yesterday's Webinar we talked about a new trade on GOLD before it pops back up.
- Sell 10 GOLD 2023 $20 puts for $3 ($3,000)
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