VIX 3 day rule, not quite normal

Daily Pit Stop [FSTP] The most anticipated trade of the year was issued yesterday for our brand new 0DTE January product. Mark successfully bagged a 580% winner on the first 0DTE January official Trade Alert. The order form to get in to 0DTE January is closed.but... TODAY ONLY, if you call Ted at 888-872-3301, he can get you in. [AG] VIX 3 day rule, not quite normal  In the [Trading Desk]( today I discussed the old floor trader’s 3 day rule.  Basically 3 closes in a direction is usually a signal for the opposite direction the 4th day. If it keeps going, it really keeps going. As a general rule it is not bad to set trades around. VIX is almost there midday Thursday. Except it has not held 1 rally this week. VIX rallied, made a recent high and sold off Tuesday and Wednesday. Will Thursday be day 3? [fstp] While this is not exactly the 3 day rule it is pretty close going into NFP.  A decent jobs report should knock VIX back to 12.5 by next week. The Fed is not going to cut with the job market hot as a cat on a tin roof.. - AG  [Pit Profits] - Easy Button - MRK STRANGLES close for a 41% 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] Some Key Levels To Watch Trader's Edge - January 4th 2024 In today’s video, we’ll cover: - The Key Levels in the SPX, QQQ and IWM. - What’s happening with the MAG 7 and DOW Jones. - Analyze VIX behavior and non-farm payrolls [fvix]( [Click here to watch now!]( - Mark  [fprm] Defense, Defense, Defense! Hey Influence Traders, Happy New Year! I hope that everyone had a wonderful holiday season. The family and I spend a little time in the Italian Alps. Not too shabby! But vacation time is over, and I, personally, am looking forward to what 2024 has in store. Between the markets, economy, Fed, and looming elections it looks to be exciting. Defense and energy remain hot topics. I want to like green energy. Not because it is good for the environment … that’s debatable given what the transition truly means. But because of the headlines and the money flowing to the sector. Despite headlines, the “traditional” green energy sector (wind and solar) is in disarray. For example, the Biden administration wants enough offshore wind capacity to power 10 million homes by 2030. This week, it was excited to announce that the Vineyard Wind project off Martha’s Vineyard in Massachusetts sent power to the New England grid during initial testing. The power came from just one of 62 expected wind turbines. They hope to have 5 up this year. Baby steps! But on the same day, an even larger planned project off NY/NJ was killed when energy developers Equinor (Ticker: EQNR) and British Petroleum (Ticker: BP) announced they are canceling the contract for the massive wind project. The two companies decided that the project was not economically viable due to inflation, interest rates, and supply chain disruptions. The White House had touted the project as proof that “Bidenomics” was succeeding. Oops! But all is not lost, some green will grow. I will continue to discuss green energy companies like lithium miner Albemarle (Ticker: ALB), uranium fuel producer Cameco Corporation (Ticker: CCJ), and reactor builder BWX Technologies, Inc. (Ticker: BWXT). But first, let’s revisit defense. With football playoffs abounding, we know that you can’t win games without a good defense. [Click here to read all about it.]( - Frank   [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: Away from the Market- A price for a security that is below the bid or above the offer and is not executable right away [fstp] 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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