Your weekly market recap

[image] Hey Trader, Did you feel the choppiness of the markets this week? We sure did in our [group coaching classes.]( On Monday, the market ripped lower at the open and continued to stay weak throughout our group coaching class. We discussed several bearish trades similar to the week prior. When we dove into the markets on Tuesday things were again choppy so we hunted for strong or weak stocks despite the market. Trades like XOM for a bear put spread and EA for a bear call spread. NFLX was breaking through some resistance so we modeled out a bull call for a debit of 6.80. NKE had some potential support courtesy of its 200-day moving average. A Oct-15 142/145 bull put for a credit of 0.35. We spent the first part of the session on Wednesday reviewing the financial sectors and energy as well the economic calendar focusing on Friday’s employment report. We used intraday charts to show techniques on how to read near-term momentum and set profit targets as well as showed options strategies to fit the technical and fundamental outlook. On Thursday we reviewed economic reports and the bullish impact of service and hospitality sector improvement. he bullish setups from Wednesday accelerated higher and we also prepped for Friday’s job report and reviewed bull, bear and neutral strategies depending on the data. - We set critical support levels for stock index ETFs as well profit targets for the next few sessions. - And set buy and profit levels for the SPDR select ETF. And to wrap up the week during Friday's session the monthly employment report was released. We discussed the impact it had on stocks, bonds, forex and metals and went over patterns that are frequent before a trend is near an end. If you’re like the hundreds of group coaching students that come to MTM in search of a leg up in the market [then click here and join us - you first month will be less than $1.]( We meet every week Monday through Friday diving into the markets and looking at key opportunities to find consistent profits. And we do it together every single day the markets are open. [Get My Group Coaching Trial]( [Profile Image] Dan Passarelli Market Taker Mentoring dan@markettaker.com (779) 324-2110 - Work Any trading strategies discussed in this email are for educational and informative purposes only. All information disclosed in this email 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 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. Market Taker Mentoring makes no guarantees of trading results. Results may vary. Past performance does not indicate future results. Copyright Market Taker Mentoring, Inc. 2008 - 2020. All rights reserved. Reproducing or redistributing this content is a violation of federal law. [Unsubscribe]( Market Taker Mentoring, Inc. PO Box 117 Frankfort, Illinois 60423 United States