The Great 8 is dead

Daily Pit Stop [fstp, logo, header] August 1, 2024 The VXX webinar is happening right now! [Watch it live here.]( [ag views, logo, header] The Great 8 is dead It was a fun ride. Apple Inc (Ticker: AAPL), Alphabet Inc (TIcker: GOOGL), Microsoft Corp (Ticker: MSFT), Amazon.com (Ticker: AMZN), Tesla Inc (Ticker: TSLA), Nvidia Inc (TIcker: NVDA), Meta Inc(Ticker: META) and Broadcom Corp (Ticker: AVGO) ran the Invesco QQQ Trust (Ticker: QQQ) to $500 from $260 in Oct of 2022. [ded] QQQ 1 month chart with 1 day candles That trade is now dead. While we will get fits and starts the multiples with compress because overall the Great 8 did not deliver the earnings. I was expecting VIX and the Barclays iPath Series B Short Term VIX future ETN (Ticker: VXX) to stay elevated for the week until most of the earnings were out and now we will see if stocks keep selling off. VXX could have a rough sled of it. [The VXX webinar should be very exciting!]( Check it out. - 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,] 3 Ways To Get Long The VIX Hey Traders, Andrew released a new educational video on 3 different ways you can get long on the VIX.  Click the image below to watch the video! [ded] - Mark --------------------------------------------------------------- Want to get Mark's Trader's Edge updates directly to your inbox?[Click this link to sign up!](   [glossary, logo] There are plenty of terms in the trading world that need explaining. The Option Pit Glossary is here to help. Today's phrase is:  FAANG - A stock market nickname for a popular quintet of big-cap stocks: Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX), and Google (GOOG). [ftsp] All the Right Options. The Option Pit Team brings more than 150 years of experience to you every day. From the trading pits of Chicago to the world's largest banks to the halls of power in DC -- they've done it all. Now they’re collectively focused on one thing: making YOU a better, more profitable trader. Click the button below to schedule a call with our concierge Customer Care Team to find your best fit today. DISCLAIMER: FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. The materials presented from Option Pit LLC are for your informational and educational purposes only. Neither Option Pit LLC nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational and educational purposes intended is at the user’s own risk. DISCLAIMER: OPTION PIT LLC IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Option Pit LLC is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented materials. Specific trading ideas or strategies discussed in the presentations or materials are entirely illustrative and do not constitute the solicitation of a transaction (or transactions) or a recommendation to execute a particular transaction or implement a particular trading strategy. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Want to change how you receive these emails? You can [Update your preferences]( This email was sent by support@optionpit.com. 1-888-872-3301 [Option Pit]( | 190 S LaSalle Suite 3000 Chicago, IL 60603 | [Privacy Policy](