When the sky is falling, best to step outside for a breath of fresh air.

Option Pit Stop [fstp, logo, header] May 9, 2024 [ag views, logo, header] When the sky is falling, best to step outside for a breath of fresh air. Right now things are rosy. SPX is near 5200 and VIX is 13. Both of those things are bullish in the short term as the market moves back to all time highs. It won’t always be like that. Sometimes the sky will feel like it is falling. [ded] I can remember a few crashes in my trading floor days and what folks don’t realize is the exchange floors are basically windowless tombs with lots of blinky lights and time stamp machines in the old days. During a crash, if I had a position that was running me over it took too much of my attention. I learned for those days to keep position manageable and to close when I can. Normally an open position will take a lot of mental space. Closing small losses leave me with some brain space to look for other trades. During a crash, I expected to walk outside and see taxi cabs running through collapsed buildings. Absolute mayhem! But no it was not the case as the sky was blue, things were normal and folks did not have any idea what transpired on Wall Street. Because if you don’t have a position or a closed one, you don’t care. That is how I get ready for the next one. - AG  [logo, pit profits] Want to find YOUR winning fit? Give our Customer Care Team a call at [1-888-872-3301](tel:/1-888-872-3301) Monday-Friday from 9 a.m. - 5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:/support@optionpit.com)  [logo, fvix, header,] The Major Trend Forming We Shouldn't Ignore Hey Traders! Welcome to the Trader's Edge: May 9, 2024 In Today's Video, We'll Cover: - The Major Trend I'm Seeing - Breaking Down What It Means For Us Moving Forward [ded]( [Click here to watch the video!]( - Mark --------------------------------------------------------------- Want to get Mark's Trader's Edge updates directly to your inbox?[Click this link to sign up!](  [frep] Exponential growth isn’t good enough Hey Traders, The trend for this earnings cycle is what companies are going to deliver, not what they delivered. Join myself and BNN Bloomberg’s Andy Bell and Amber Kanwar for discussion on earnings for Arm Holdings, Airbnb, Bumble, and Beyond Meat. [ded]( [Click here to watch the whole discussion on Bloomberg News here!]( - Mark --------------------------------------------------------------- Receive the Option Pit "Ticker of the Week" breakdowns as soon as they are released. [Click this link to sign up!](  [fpri] Why Powell is NOT Fighting Inflation Hey Income Hunters, Last week Powell had a chance to shut down inflation quickly … When US Bank regulators seized Republic First the FDIC reported that the failure would cost the FDIC’s insurance fund $667 million … All Powell had to do was say Republic was sold but there will not be any more bailouts to backstop investor withdrawals of deposits.  That announcement would have started a bank run on deposits as depositors realize their deposits may no longer be “safe” if banks are not bailout. This in turn would cause banks to sell over $4 trillion in USTs and MBS they hold likely at losses, cutting back on lending and slowing down economic activity and with it inflation … Why did Powell admit inflation will stay stubbornly above their 2% target but not admit the Fed will come to the rescue of the banks for good? [Click Through to find out …]( - Bill --------------------------------------------------------------- Never miss an edition of Bill Griffo's Power Income Newsletter ever again. [Click this link to sign up!](  Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. 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