8 Sep

The Trading Week Ahead

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Well, for anyone hoping the market was going to be a bit calmer in September than it was in August, those hopes have already been dashed.

Sixteen out the 22 trading days in the month of August saw a swing of 1% or more. And September isn’t looking any quieter… at least not so far.

We kicked off the month with three days in a row where the S&P 500 moved more than 1% intraday.

If you’re someone who likes buying stocks, you’re should probably stock up on Tums. But, if you’re someone who trades options, the elevated volatility is just what the doctor ordered!

Here at Daily Profit Machine, we’ve started the month off with a bang. Check out last week’s daily return potential from my Trade Of The Day alerts:

For those who are unfamiliar with it, my Trade Of The Day represents the single option trade I believe is the best bet for your money on a given day.

Talk about how you can profit no matter which way the market goes…

Newbies and experienced traders alike are having great success with my strategy. Check out what just a few of them had to say late week:

The Trading Week Ahead: What I’m Watching

Looking to the week ahead,…

As always, it will be important to keep an eye on key technical levels.

In the chart below, I have drawn SPY’s 50-day simple moving average (SMA) line in red and the 100-day SMA in yellow. As you can see, we were finally able to break above the 50-day SMA this week which had held as strong resistance since early August.



I’ve mentioned the 50-day SMA as a critical SPY inflection level to watch for several weeks now. And as expected, the bulls took over forcefully once we breached it.

But the move may prove to be too much, too fast.

Heading into next week, I’ll be keeping an eye at the psychological resistance level at $300. I expect traders to look to take profit at around that price, as they did in the second-half of July.    

If that happens, the 50-day SMA will be in play again as support. That could be the perfect spot to look at getting in on the longside.

Of course, I’ll be alerting my members every day before the market opens which way I plan to trade SPY that day.

I couldn’t tell you which way I plan to trade SPY on Monday even if I wanted to — I need to see how international markets are trading and analyze SPY’s premarket action that morning.

But if you join me now, you’ll have my Trade of the Day waiting in your inbox early Monday morning and Tuesday… and Wednesday and so on.

[Important Announcement]

Don’t miss a special training session this Thursday regarding the most lucrative market you’re probably ignoringThe moves from these stocks are explosive — no matter what the market is doing.

I’m talking about initial public offerings (IPOs) — companies that just went public and can be traded on regular stock exchanges for the first time ever. And this Thursday, Ben Sturgill — an IPO expert and RagingBull’s newest guru — will get you up to speed on how to make a killing trading IPOs. But you must register now to attend this invaluable live training session.


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