🔍 Tuesday Market Outlook: February 13, 2024 🗓️

[Image] February 13, 2024 🔍 Tuesday Market Outlook: February 13, 2024 New week, new opportunities. We have every indication that we’re in the “mania phase” of certain sectors and stocks. Example: Arm Holdings PLC (NASDAQ: ARM) surging 82% in the past five days (30%+ yesterday). $100 billion+ companies are moving like penny stocks right now, which is phenomenal for those of us trading options. I don't know why anybody would choose to trade a penny stock when you're in this type of environment… You can trade legitimate companies at mania prices with bubble burst action. Still, with the trading environment where it is, I'm playing it close to the vest. I want to have dry powder available in the event of a major trading opportunity (like a huge reversal in the major indexes)... At the time of writing (mid-day on Monday), the Nasdaq is already starting to give back gains. (I was hoping the rally would last a little longer into the afternoon before I got my [Burn Notice]( trade-off, but I'll take what I can get.) This could be foreshadowing a deep sell-off, which is why I’m expecting some big reversals in the next few days. Specifically, there are a few major catalysts that could shake up the market this week… The Consumer Price Index Report Today, we’ll get a look at the Consumer Price Index (CPI) report. This isn't just another set of numbers to gloss over — it's a goldmine for anyone looking to get the upper hand in the options market. Here’s the truth: I never would’ve been able to consistently beat the market for 25 years without paying close attention to macroeconomic reports (like this one). The CPI report gives us a window into inflation, showing us the prices American consumers are paying. While recent reports have shown us that inflation is going in the right direction, from, say, a year ago … It's still incredibly challenging to remove it from the economy entirely. In other words, inflation is sticky, and that may dampen the possibility of the Fed making major interest rate cuts in the next few months. Based on all the data I’m seeing, I’m expecting the CPI to come in a little hot tomorrow. 10-year treasury yields are starting to rise again. People are already expecting that. Then, there’s the fantasy of rate cuts… The market is currently pricing in three to four rate cuts in 2024, but I think that might be a bit optimistic. Many predicted that the first rate cut was gonna be in March. Now, I’m confident it’s not gonna happen in March. It’s looking more like a summer rate-cut cycle to me. Bottom Line: I don't see how the Fed can start cutting rates with a bubble happening in tech stocks. That would be insanity. But the CPI report isn’t the only major market event occurring this week… Sponsored The “Holy Grail” Stock Scanner This scanner uses Wall Street grade technology to scan over 15,000 stocks in seconds. It detects the 10 stocks most likely to skyrocket in real-time and spotted 8 triple-digit-winners just in the first 6 weeks of 2024! It just picked up on a new handful of stocks that could skyrocket any minute now… Want to know what they are? [Join a LIVE demo of this “Holy Grail” scanner]( Big Names Reporting for Earnings Season Earnings season is still in full swing, and this week will show us some of the most consequential reports of the season: Earnings calendar for the week of February 12, 2024 — courtesy of [EarningsWhispers]( We've got some great earnings plays in stocks that have taken on these mania-driven, Ponzi-like characteristics. I’ll be paying close attention to: - Nvidia Corporation (NASDAQ: NVDA) - Robinhood Markets Inc. (NASDAQ: HOOD) - Lyft Inc. (NASDAQ: LYFT) Trading big-cap names has rarely been this good. The conditions are perfect for enormous options profits. What’s better, I expect these conditions to remain in place all year long. I’m predicting a bigger boom with a bigger bust happening later in the year (likely towards the summer). Meanwhile, the first half of the year is gonna be characterized by these incredible bull-mania moves we’re seeing. And the best part is that you can play both sides of these charts — potentially capitalizing on the upside and the downside — just like I did recently trading Advanced Micro Devices, Inc. (NASDAQ: AMD). On Friday, February 2, I alerted a trade opportunity in Advanced Micro Devices Inc. (NASDAQ: AMD) to my [Burn Notice Alliance]( members. I suggested trading the 02/09/2024 $177.50 puts (when the stock was trading for $178). On Monday, AMD predictably tanked to $172.25, where I sold my puts for a 176% overnight gain.* Instead of selling my puts and calling it a day, I decided to play both sides of the chart and buy AMD 02/09/2024 $170 calls. When I alerted the trade, the average price of these calls was around $2.05. By the next morning, when we traded out, the calls were trading for $3.50 … eventually reaching $4.00. If you nailed both trades perfectly, you could’ve nailed back-to-back 100%+ winners on AMD in two trading days. The lesson here is simple: you’ve gotta be fluid, nimble, and prepared to trade both the upside and the downside of these wild momentum stocks. Before we go, let’s look at a few smart-money sweeps from [Ben Sturgill’s Spyder Scanner]( 💰The Biggest Smart-Money Bets of the Week💰 $8.63 million bullish bet on TEVA 06/21/2024 $13 calls @ $1.19 avg (seen on 2/12) $2.82 million bullish bet on AMD 03/15/2024 $190 calls @ $4.00 (seen on 2/12) $3.19 million bullish bet on CFLT 01/17/2025 $50 calls @ $2.55 (seen on 2/12) That’s it for today. Happy trading, Jeff Zananiri Sponsored This “Loophole” is So Powerful There’s a renegade day trader who discovered a powerful “weekend loophole” in the stock market. It allows him to place trades on Friday afternoon… And open up his laptop on Monday to potential green. He’s used this “loophole” to make $8,780, $9,177, and even $69,962 all over the weekend. And he claims with the right amount of hard work and dedication, ANYONE can learn how to use it too… [Click here to discover how he does it](   66 West Flagler Street STE 900 Miami, Florida 33130 United States [Click Here to Unsubscribe]( *Past performance does not indicate future results **Our gurus teach skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our [Earning Claims Disclosure]( About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. Remember, there are risks involved with investing, including the potential loss of money. We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for all of our visitors. We understand that you care about how the information you provide to us is used and shared. 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