CPI delivered a move, sort of

Daily Pit Stop [fstp, logo, header] January 11th, 2024 [ag views, logo, header] CPI delivered a move, sort of  The SPDR S&P 500 trust (Ticker; SPY) is flat on the day.  Yesterday I noticed that most of the CPI move days in 2023, and the days following, moved around 10 points SPY. Well SPY did more that that, just today. Opened 478, traded down to 472 and rallied back to 477 or an 11 point move on the day.  And we still have 2 days left in my 3 days. [fstp] As hard as it is to believe, we did not hold the selloff.  SPX takes 4800 and we move to new highs. If this market is anything it is consistent. When it does not hold a selloff, it rallies as soon as it can. I closed mostly SPY/IWM puts in my products today and am looking to close the calls tomorrow and Tuesday unless we really take off, in which case I ride them to mid next week.  New highs here we come. Crazy as it sounds, if stocks do not sell off on a poor inflation report, what makes them selloff? - AG  [logo, pit profits] 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)  [frep] Let's take a look at this activewear juggernaut  Hey Traders, XRT, the retail ETF, had a very tough year for most of 2023. After reaching a high of 76 dollars in January, the ETF crumbled…By July the ETF was in the high 50s. Many of the names that make up the ETF got smoked in 2023…names like Target, Macy’s, and Nordstrom’s had tough years. But, underneath, especially in the back half of the year there were some massive winners. Take a look at the run ANF had starting in April of 2023… The point is, XRT does not tell the whole story on Retail. Some individual companies did VERY well in 2023. One of the best performers in 2023 is a stock we are going to be looking at this week….a stock that is worth more than 50 billion dollars. A stock that had a huge run in the back half of 2023. Is it time to ride the rally…or is the company over done… [We will answer that this week…read on to see what stock…AND where it is going…]( - Mark  [fprm] National Security Investing Hey Influence Traders, Investing in national security isn’t just about defense stocks, like RTX Corporation (Ticker: RTX). It is also about maintaining critical technologies like microchips, rare earth metals, and energy independence. And we’ve been getting our a$$es kicked by other countries. I’m going to discuss that in detail inside and why it creates investment opportunities. But I’d be remiss not to mention the big news of the day – Bitcoin ETFs are a GO! Yesterday, the SEC approved 11 spot bitcoin ETFs from companies such as BlackRock, Fidelity and Grayscale Investments. The approvals only involve ETFs holding Bitcoin (Ticker: BTC), not broad crypto. As SEC Commissioner Hester Peirce noted, this is the “end of an unnecessary, but consequential, saga.” The approval is expected to provide a boost to the entire digital asset ecosystem, and will provide some good short-term “trade on the news” moves. But the industry has been anticipating this announcement, so some upside is already priced into BTC. With that said, long-term trading options will be huge, which is why OptionPit is starting a class on how to trade Bitcoin ETFs. We have a pipeline of information on how to maximize ETF trades that you will find nowhere else. Keep your eyes out for more information on our BTC ETF trading strategy. [Now let’s get back to how to make money by keeping an eye on National Security.]( - Frank   [glossary, logo] There are plenty of terms in the trading world that need explaining. The Option Pit Glossary is here to help. Today's phrase is: Paper - A trader’s term for retail order flow. This is everyone not a market maker. [ftsp] 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. 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 [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](