🚗 Check These Indicators for Market Expectations

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Griff here with the Chart of the Day. SPX futures opened above the 4424 Vol trigger and held every time down today. The market is choppy within narrow trading ranges right now … This week, the last week of summer is typically one of the quietest weeks of the year so bigger moves may be postponed until after Labor day. [ When long-term flow is absent, playing the VWAP (purple line) and its 2 standard deviation bands (green lines) is a good strategy for day trades … Plus the Vol trigger is a great pivot price to lean on. Let's Go! [ [ - PIT - PYPL Sep15 60/62.5 call vertical spread closed for a 34% gain Want to find YOUR winning fit? Give our Customer Care Team a call at 1-888-8772-3301 Monday-Friday from 9 a.m.-5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:support@optionpit.com?subject=) Trader's Edge: Money is on the Move Toward Energy - Market Report I’m back for your Monday Market Report… I share what I am watching and where you could find profit opportunities this week. In today’s clip I cover: - Major events: GDP number and non-farm payrolls hit the news… - Bonds’ market influence - and where they are headed next… - Biggest names I am watching and why: NVDA, AAPL, and my top energy tickers to watch…and - A major opportunity this Wednesday to hone your particular trading style. [So watch today’s Market Report right here…]( Then sign up for Wednesday’s Trading Mastery Event here at 7:00 p.m. ET on Aug. 30.]( - Mark [28).gif]( Power Income: US Waves the White Flag and Backpedals on Sanctions I’d like to welcome our new guests to Power Income – a no-nonsense, tell it like it is newsletter published every Monday, Wednesday and Saturday. My goal is to balance out all the fake news and false narratives that our policy leaders, banks and media put out there on a daily basis. I traded on Wall Street for 25 years, so I know the situation the Fed and the government are faced with. And it's a far cry from what they communicate to you. Today, I want to enlighten you on the talks the US initiated with Venezuela to end sanctions imposed on them back in 2014. [Click here to read the shocking truth and a low cost/high profit way to take advantage of it.]( - Griff Power Moves: A Nation of Inflation Believe it or not, more happened in the world this past week than just Trump’s mugshot. The GOP had a debate to see who will be number 2 behind Trump in the polls. The Biden administration is telling us that inflation is coming down and is under control. He credits his “Inflation Reduction Act” and “Bidenomics.” The Fed has a different outlook. Chair Jerome Powell says inflation is too high, there is still a long way to go, and the Fed is prepared to hike rates further if necessary. At the very least, Fed officials are making it clear that, even if rates do not rise further, they will likely remain high for some time. The BRICS bloc increased its membership, effective 1/1/24, by offering membership to Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates. Those 11 countries account for 46% of the world population. Many more countries are lined up to join. But it is not all rosy for BRICS countries. Economists have lowered their 2023 growth forecasts for China. The downturn is driven, in large part, by a housing slump, with estimates of $2 trillion of unsold inventory. In response, the government cut the People’s Bank of China’s one-year loan prime rate by 0.1% to 3.45% while leaving the mortgage-sensitive five-year LPR unchanged. If BRICS succeeds it will put more inflationary pressure on the dollar. And that’s why we’re celebrating the one-year anniversary of the Inflation Reduction Act! [Click here to see my full report…]( -Frank AG's Views: The Midday Meander in full swing From the desk of Option Pit Director of Education Andrew Giovinazzi Mark Sebastian has been calling the midday lull the “midday meander”. Note what the market does. It just wanders up without any real rhyme or reason. This is symptomatic of low vol market. [ There is no real impetus on the downside and it does not take much institutional buying to get stocks going on the upside. Welcome to the end of summer. September is traditionally more volatile than Aug and today into the end of the month VIX is making a two week low. Get the 14 handle hats out for VIX this week. - AG OPTION PIT GLOSSARY [( There are plenty of terms in the trading world that need defining. The [Option Pit Glossary]( is here to help. Today's phrase is: Weekend Effect: This is the Monday increase in VIX and other option volatility, purely a mechanical result of the liquidity provider rolling dates forward in the prior week to drive down option premiums, since there are only 5 trading days in a 7-day week. On Monday, the clock is reset. [( 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. 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