Gold Gets a Gold Star

[FSTP] [fstp]( Gold Gets A Gold Star Hey OP Crew,  Griff here with the Chart of the Day. Gold Futures Beak Out! Gold has been on a tear since it back tested the 50-day MA. $2085 was the high from May ‘23. [fstp] Watch for a fake breakout with the RSI near 75. This was the first major target though and as long as the dollar and bond yields trend lower and corrections are buying opportunities. Let’s Go!  - Bill  [Pit Profits] - EASY BUTTON: BA Dec15 217.5 puts closed for a 9% gain - EASY BUTTON: MMM Jan19 90/100 strangle closed for a 21% gain - OP MENTORING: SPY Dec06/01 460 calls and Dec06 452 puts closed for 20% gain 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)  [fvix] It Worked! But What's Next?  In today’s Weekly Review video, we’ll cover: - Where we stand in the major indexes - Awesome trade results and what’s next - The VIX and where I think it’s going [fvix](  [Watch it here]( - Mark  [logo, fpip, Profits In Pumps] Next Stop $4600  Did you watch those last 35 minutes into the close yesterday? They ran the S&P 500 (Ticker: SPX) up 28 points. Here is the five minute chart: [fpip] End of the month window dressing? Maybe. What it did do was to keep the chart intact. Just when you think we are rolling lower out of the consolidation, we close right back into it. You know what that means, right? [If you go here, I will show you.]( P.S. Delta Strike has been hitting them out of the park this month. [Check it out.](  - Licia  [frep] Ticker of the week: ARKK Each week, I’ll give an overview of a stock and Licia Leslie will follow that up with a chart analysis the next day. Bill Griffo will chime in with macro analysis and Andrew Giovinazzi will then finish out the week with a volatility breakdown.  This week we are analyzing the Ark Innovation ETF (Ticker: ARKK). Seems to me the only time you hear anything about this stock is when they are bashing Cathie Wood. And boy do they love to give it to her. ARKK began its downslide on July 19th when it created a very nice doji. The stock dropped from $51.33 to a low of $33.76 on October 30th, also a doji day. [frep] They did not let up on her that whole way down. Now that the stock has recovered 78%, I am hearing crickets. Are you hearing any praise for Cathie Wood? Maybe I missed it. Before we look at the chart more closely, did you know Delta Strike has had five giant winners this month? Here they are: ETRM +96% GT +77% VALE +106% GM +277% M +105%  If you aren’t a member of Delta Strike, well you ought to be. [Join here.]( Better yet, call Ted at 1-888-372-3301. [Now let’s take a closer look at ARKK.](  - Licia  [Glossary] There are plenty of terms in the trading world that need explaining. The Option Pit Glossary is here to help. Today's phrase is:  Dow Jones Industrial Average (INDU) - A closely watched index of 30 blue-chip, American stocks, including Apple (AAPL), IBM (IBM), Johnson & Johnson (JNJ), Pfizer (PFE), and Walmart (WMT). 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. 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