🚗 Two Factors Could Tip the Scales on the Dollar

[] [The daily rundown of everything happening at Option Pit.]( [( Mark-et Open Griff here with the Chart of the Day. The dollar wrecking ball may be running out of steam … Two things to watch here … The US 10-year yield breaking above 4.36%, which should trigger a move by the Fed/Treasury to weaken the dollar … Or a US Dollar Index (Ticker: DXY) failure triggered by the relative strength index (RSI) reversal pattern that formed once DXY broke above 105.15 on Thursday. [ Let's Go! [ [1).png] - Option Shopper - JPM Sep22 148 calls closed for a 91% gain Want to find YOUR winning fit? Give our Customer Care Team a call at 1-888-872-3301 Monday-Friday from 9 a.m.-5 p.m. EST. Or email them anytime at support@optionpit.com. Pit Report: M Chart Analysis This week’s stock is Macy’s (Ticker: M). If you are a Chicagoan, like me, you probably cried, like I did, when Marshall Field’s closed. It was one sad day. You could buy makeup, purses, designer clothes, china, furniture, rugs, and of course shoes (they had a fantastic shoe salon) all in that State Street store. They had everything your heart could desire. It was my all-time favorite. [Now we have Macy’s... and here's my full report...]( - Licia Profits in Pumps: JPM Has Room to Run I did a full analysis of JPM below... and where I think it's headed next, but first... I sure hope you didn’t miss Mark Sebastian’s event where he shows us his Rift and Snap stock pairs. In case you did, I have the [replay right here.]( It isn’t too late to join his Nitro Trader trading program and claim your spot in his live session on Monday September 18th. During this live trading session, Mark is going to reveal his next mega Rift and Snap stock pairing. Of course as a Nitro Trader member, you will be in on all of his trade ideas through the end of year. This is going to be huge. [So sign up here.]( [Once you are all set, take a look at the JP Morgan Chase (Ticker: JPM) stock chart.]( - Licia Mark in the Media: This isn't the end of the oil rally, buy refiners Check out this feature on BNN Bloomberg... - Mark [( 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: Credit - The amount of money credited to an account when a trader sells to open an option or initiates a credit spread. [( 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 [Unsubscribe]( or [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]( This email was sent by support@optionpit.com to {EMAIL} Click here to unsubscribe | [Manage Preference]( Daily Newsletters ex. Vix Edge, Pit Report, Profit in Pumps, Power Moves, Power Income, etc. Option Pit | 190 S LaSalle Suite 3000 Chicago, IL 60603