MTM Options Trader Newsletter - How to Improve Your Analysis of Market Sentiment

[image]( [image] This Week in the Market Stocks were able to move higher yet again last week as Nasdaq and the S&P 500 set more record highs. The way the technicals are setting up for many of the indexes, it looks like a pullback could be a probability. That said, the way buyers keep stepping up, who knows? The one thing that is for certain is a non-bearish (bullish to neutral) bias still looks like a smart move as far as market outlook goes. In addition, implied volatility levels continue to wane. Pretty soon, market makers could be paying you to buy options. A couple of Federal Reserve presidents are set to talk on Monday and Tuesday, although nothing really new is expected. Several economic reports are due out this week, including the June jobs report. Jobless claims have been hit or miss as far as expectations lately, so the new number could be a tad more important than usual. The latest trade deficit numbers are also expected on Friday before the open. Have a prosperous and healthy week and a Happy Fourth of July! The market is closed on Monday the 5th. Jun 29: Consumer Confidence Jun 30: Chicago PMI Jun 30: Pending Home Sales Jul 1: Jobless Claims Jul 1: Construction Spending Jul 2: Unemployment Jul 2: Trade Deficit Jul 2: Factory Orders [Read Our Blog]( How to Improve Your Analysis of Market Sentiment Fundamentals move markets; technicals record history and illuminate patterns. Great traders incorporate both schools to improve analysis of market sentiment. Professional traders refer to the economic calendar for events/reports that have the potential to alter a trend or start a new one. Recognizing the immediate reaction following an unexpected event is essential to understanding the relationships between 5 major sectors: equity, interest rate, precious metal, energy and foreign exchange. Most stock and ETF [Continue Reading ...]( MTM Watchlist Here are a few trade ideas we may take a peek at in group coaching class this week: TSLA – After breaking higher in a big way last week, the stock took a breather on Friday. Put credit spreads may be looked at around some potential support levels. NVDA – The stock has been strong since the middle of May, and it looks like it has a chance to move even higher still. Additional bull call spread will be considered. AMZN – After a big move higher over the last several weeks, AMZN ran out of steam at some major resistance this past week. More call credit spreads will be explored. [image] Looking for a Practical Approach to Trading? Learn to use the greeks for valuing options and executing successful trades regardless of market conditions with Dan Passarelli's "Trading Option Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits." [Buy Now on Amazon]( 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 calling (888) OPTIONS; 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 - 2021. 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