🚗 Interest Rates Lead the Market

[] [The daily rundown of everything happening at Option Pit.]( [.]( AG's Views: VIX is slightly resistant From the desk of Option Pit Director of Education Andrew Giovinazzi VIX is not quite ready to give up the lows pre-Fitch downgrade. VIX was in the low 13s just prior to when Fitch downgraded the US Gov but VIX seems stuck now. My guess is waiting for the NFP number to come out for the next leg down. [ Folks seem ok with the rally and just last week everyone was not ok. The interest rate dog is wagging the stock market tail. Let's go! [ [ - Power Income Trader - SIL Sep15 26/27 call vertical closed for a 62% 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: Bad News Can Mean Great Opportunities – VIX News On Monday the S&P 500 closed up about 28 points…Tuesday…which has normally been when things turned around saw an even bigger rally The S&P 500 closed up 64.32 points, a move of 1.45%. This was on the heels of some really bad economic data, which sent treasuries skyrocketing higher and yields plummeting… Bad news is good again. With a move that big, one that represents a VIX of about 21, the VIX tanked closing at 14.42. But we still have some big economic news coming….GDP…Non Farms… [Guess what? Here is the perfect play…]( - Mark Power Income: The Fed Better Tune Up the Money Printer This is how it always happens… The economy slows a little bit here and a little there and then… The bottom falls out. Two economic numbers this morning were dreadful: - Cons confidence came in at 106, 10 points lower than the 116 that was expected. - US JOLTS, Job openings were also much lower at 8.827mn versus 9.5mn forecast. Interest rates plunged, the dollar weakened and stocks soared … That was a knee jerk reaction that the Fed could be done … [Today. We’ll take a look at where we go from here…]( - Griff Profits In Pumps: Clear Your Calendar! I sure hope you have cleared your calendar for 7:00 ET tonight. Option Pit is hosting a live event. As you may already know, these are must see, not to be missed, be there or be square affairs. [30).gif] So Mark Sebastian and Andrew Giovinazzi will feature the benefits of an Option Pit Professional Member. And they are taking it up a notch. This is the first event of its kind they have ever hosted. They have identified five areas of trading mastery to become an Option Pit Professional i.e. a professional-level trader. Mark and Andrew are on a quest to find the next 25 (OP25) traders who are ready to trade on a professional level. Once identified, they will receive the exact step by step tools with access to track their progression to a professional level trader. The OP25 will see more customization, deeper immersion, and maximum idea flow. This is not for everyone. Only 25 will be chosen to transform their trading to that Professional Level. You need to be there to at least qualify. [So sign up for tonight’s live event here](. Don’t miss this! [Once you have secured your seat click here for a new trade idea.]( - Licia 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: Commodity: A physical asset deliverable from a futures contract regulated by the CTFC. Commodities examples include gold, crude oil, and frozen concentrated orange juice. 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