[image](=) [image] This Week in the Market The FOMC announcement did little to deter the market with a drop quickly erased Thursday and Friday. The Federal Reserve is taking a wait-and-see attitude about rate cuts, which was fine for market participants. The major indexes continue to trade well above their 50- and 200-day moving averages. As has been the case, a bullish to non-bearish outlook makes sense until support levels have been broken. The VIX is up slightly from its lows but still hanging around its support level. In other words, options remain relatively cheap. It is a very heavy week as far as Federal Reserve talks go with at least four speakers scheduled Tuesday. In fact, at the time of this writing there were Fed speakers scheduled every day except Friday. In addition, several economic numbers are set for release, including the trade deficit. Even though many big-name companies have already announced earnings, quite a few have yet to do so. As always, check and confirm the expected date of the earnings call. Have a safe, healthy and happy weekend! Feb 7: Trade Deficit
Feb 7: Consumer Credit
Feb 8: Jobless Claims
Feb 8: Wholesale Inventories
Feb 9: CPI Revisions [Read Our Blog](=) Is 2024 Going to Be Different? Are you frustrated as an option trader? Are you ready to make some changes? Do you know what changes you need to make? Clearly, these are all important questions. And if we are being honest, you donât need a new calendar year to make you realize you need to change. So, here we are about a month into 2024. You need to do something, right? What I am talking about is improving your options trading starting now (yes, you should have done it before, but better late than never). With 2023 in the rear-view mirror, it is time to make [Continue Reading â¦](=) MTM Watchlist Here are a few trade ideas we will most likely look at in group coaching class this week: SPY â Vertical credits and double calendars did well last week, and we will be on the lookout for more of those opportunities. GE â We have done several successful long-term time spreads on this stock and will explore doing even more. FDX â The stock continues to trade in a tight range. Additional iron condors between support and resistance levels 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