US Dollar Fake Breakdown??

Daily Pit Stop [FSTP] Andrew Giovinazzi is returning an average of 20% every 14 days -- whether the market is up, down or flat. How? It’s with a strategy that his best students are calling “the perfect trade” and it’s allowed him to bank hedge fund-level profits using just four figures. He'll show you how tonight at 7 p.m. ET. [Register here now.]( US Dollar Fake Breakdown??  Griff here with the Chart of the Day. A potential fly in the ointment for stock and bond bulls is a fake breakdown in the US dollar … As you can see below, USD futures have staged a reversal after trading below the 50-day MA. [fstp] On an additional rally higher the target would be 105.80 - 106, which would be a headwind for interest rate sectors like high yield, banks and bond ETFs  … Let’s Go! - Bill  [Pit Profits] - EASY BUTTON: PINS Jan19 32.5/30 strangle close 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)  [power income, FPRI] Biden’s Supply Chain Solution Joe Biden’s first supply chain resilience council meeting last week concluded with 30 actions to improve access to medicine and other programs tied to the production and shipment of goods. Lael Brainrd, a past Fed board member and current director of the White House National Economic Council is co-head of the new supply chain council and made this statement at the meeting: “We’re determined to keep working to bring down prices for American consumers and ensure the resilience of our supply chains for the future,” Sounds like the makings of a campaign theme, which increases the probability that Biden will attempt to hold inflation down at all costs into the election. What no one is talking about is that Biden doesn't need congress approval to funnel money into certain areas of the economy … That is huge heading into an election year and it creates investment opportunities … [Click through for the details and a trade idea.Â]( - Bill  [logo, fpip, Profits In Pumps] The Perfect Trade I am pretty sure by now you all know Andrew Giovinazzi. According to his members, he has created “The Perfect Trade” [fpip] He will be hosting a [live event tonight at 7:00 ET]( where he will show us how he nets a 20% return every fourteen days. And you don’t need a giant account to trade his perfect trade. It doesn’t matter what the market is doing or where it is going. He says it is so simple that the hardest part is to decide when to take your profits. (Insert wide eyed emoji here.) The strategy also helps long stockholders. Accomplishing all of this sounds pretty perfect to me. When you[ secure your seat here,]( you will receive Andrew’s latest ebook on hard to borrow stock. I will see you there. [Here is a new trade idea in Apple (Ticker: AAPL).]( - Licia  [AG] VIX gets a little jiggy into the FOMC next week From the Desk of Option Pit Director of Education Andrew Giovinazzi. Things are just a tad nervous today where SPX bids went to die and VIX front end picked up a bid. So much so that I added positions in OP Mentoring, Trading Desk and Weekly Profit Cycles. [fstp] For the first time in a while, IV is just pumping up into the FOMC on Dec13th. Things are likely going to move much faster than traders think post-FOMC. [If you want to learn more about what I did, check out our webinar tonight at 7pm.]( - AG  [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:  Collar - This is a short call, long put strategy, where the put strike is below the current underlying price, and the call strike is above the underlying price.  Mostly these are done against stock, or as a form of options insurance, on a 1:1:100 call/put/share ratio. 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. 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