[image]() [image] This Week in the Market The S&P 500 rallied back to set a new all-time high as Wednesdayâs FOMC meeting sparked a continued move higher. Even after dropping below some support levels, the market would not be denied its new highs. Looking ahead, a continued bullish to non-bearish outlook on the market is warranted because of past performance and support levels still holding. The VIX (CBOE Volatility Index), which had been moving up, is back down to support levels. It will be a short week of trading with markets closed in honor of Good Friday. A few economic reports are on tap, including a couple of consumer reports and the latest update to the GDP. In addition, several Federal Reserve members are expected to talk, including Fed Chair Jerome Powell on Friday afternoon. As always, anything they share has the potential to move the market. Quarterly earnings remain slow, but a few big-name companies have yet to release their latest numbers. Have a safe, healthy weekend and Happy Easter! Mar 25: New Home Sales
Mar 26: Durable Goods
Mar 26: Consumer Confidence
Mar 28: Jobless Claims
Mar 28: GDP
Mar 28: Pending Home Sales
Mar 28: Consumer Sentiment
Mar 29: Trade Balance
Mar 29: Personal Income and Spending [Read Our Blog](=) Returning to the Proverbial Option Trading Well I am often asked, âWhen I have a profitable trade and the setup still looks good, should I take the trade again?â The answer is, âAbsolutely! Why not?â If the setup is still there and you feel the same about the trade and market, it totally makes sense. Different From an Adjustment When option traders make an adjustment to âfixâ a losing position, it is many times a mental hurdle they must overcome. They are trying to save the position from an undesired outcome. [Continue Reading â¦]( MTM Watchlist Here are a few trade ideas we plan to look at in LIVE Advantage Group Coaching class this week: SPY â This ETF continues to be a money-making machine. More verticals and most likely time spreads will be explored. Why stop, right? GE â This stock has been stellar as far as poor manâs covered call trades. Expect more to be modeled out this week. VLO â The stock has moved vigorously higher with oil prices rising over the past month or so. Now, with IV levels relatively low on the stock, a long straddle will be examined. [image](=) The strategies in this newsletter are for educational and informative purposes only. All information disclosed in this newsletter should not be considered complete in its entirety. Market Taker Mentoring, Inc. will not be held responsible for changes, oversights, errors or omissions. Dates, prices, news and other information may not be accurate. Please verify all information before trading. You alone are responsible for your own investment decisions. Options involve risk and are not suitable for all investors. Before trading options, please read Characteristics and Risks of Standardized Option (ODD), which can be obtained from your broker; by emailing investorservices@theocc .com; or from The Options Clearing Corp., 125 S. Franklin St., Suite 1200, Chicago, IL 60606. No statement in this newsletter is intended to be a recommendation or solicitation to buy or sell any security or to provide investment or trading advice. Traders and investors considering options should consult a professional tax advisor as to how taxes may affect the outcome of contemplated options transactions. Copyright Market Taker Mentoring, Inc. 2008 - 2024. All rights reserved. Reproducing or redistributing this content is a violation of federal law. [image] If you do not wish to be contacted via email, you can unsubscribe using this link: [Unsubscribe]( Unsubscribing from email notifications DOES NOT cancel your class, subscription or recurring payments. We recommend that current students do not unsubscribe from email notifications. If you unsubscribe from email notifications, you will not be notified on how to access the classes or subscriptions in which you are enrolled. Market Taker Mentoring, Inc. PO Box 117 Frankfort, Illinois 60423 United States