MTM Options Trader Newsletter - Market Sensitivity and Commodity Chains - How to Check

[image]( [image] This Week in the Market It seems like nothing can slow down this bullish market as major indexes settled at all-time highs yet again. Delta variant and inflation fears slowed the market early last week, but buyers controlled the rest of the week into the close. Looking forward to this week, some high-profile expected earnings announcements could sway the market. The key word in that last sentence is “could,” as a bullish to non-bearish sentiment remains justified for now. Implied volatility levels spiked but receded as the week wore on. The VIX closed just above recent support levels. Expect a lot of bullish and bearish moves after those big-name earnings announcements, which is typical. Apple, Amazon, Facebook, Microsoft and Tesla are just a few names slated to announce. In addition, the Federal Reserve has another meeting on Wednesday, but rates are expected to go nowhere. However, the Fed might offer some thoughts about the future of rates, which could move the market. Besides the FOMC, several other significant economic reports are due this week and listed below. Have a great week and look for those expected earnings releases before taking any trades! Jul 26: New Home Sales Jul 27: Durable Goods Jul 27: Consumer Confidence Jul 28: Advance Trade in Goods Jul 28: FOMC Jul 29: Jobless Claims Jul 29: GDP Jul 30: Personal Income [Read Our Blog]( Market Sensitivity and Commodity Chains – How to Check Market sensitivity is often discovered through commodity chains. In the MTM Daily Edge sessions, we examine many markets for patterns that typically precede the start of trends, as well as the setups that often occur when a trend is near exhaustion. Pattern recognition and technical analysis are a big part of many traders’ decisions. The relationships among sectors, such as treasuries, equities, foreign exchange, precious metals and energies are revealed during critical economic events. Extreme moves frequently reveal correlations between market sectors. Under normal [Continue Reading ...]( MTM Watchlist Here are several trade ideas we will be watching in group coaching class this coming week: JPM – The stock is hanging out at some potential support around the $150 level. Potential calendars around that level will be looked at. NFLX – After moving lower last week, the stock looks poised to potentially move higher yet again. Bull call spreads will be examined if the stock can break above its 200-day moving average. IBM – The stock continued to trade sideways even after announcing last week. Tight iron condors will be considered around the $140 levels. [image] Dominate the Market This Earnings Season Are you ready to learn to spot bankable earnings trades, set them up with our easy-to-follow process and know exactly when to take them off to maximize your returns? Imagine... - No more missing out on $1,000s of revenue - No more sleepless nights worrying about "what you could have done" - No more grasping at straws, "trying stuff" to see what works If you want to finally have control, even in the craziest markets, this is the first step! You'll have everything you need and be fully supported throughout this program to take advantage of this complete Earnings Trading training package. Join today and get the Total Earnings Domination package for 93% off the regular price! [Start Now]( Last chance! This offer expires at 12 p.m. Central, Monday, July 26. 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. 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