4 Bullish Picks This Week, But It’s Getting More Challenging

[] [View in browser]( [View in browser]( [] JULY 17 2023 [] [] GUY COHEN’S MARKET MOVERS Bullish Picks As We Edge Closer To Meaningful Retracement The main indices continue to show robustness. And while we would expect 20 day moving averages to be tested, the overall market strength has a good chance of continuing until after the big techs report their earnings. More day-to-day volatility is likely, and we continue to edge closer to much more meaningful retracement. But as with the past couple of weeks, there is still some room for further upside first… With 4 bullish stocks on the watchlist this week, you can see we’ve continued to focus more towards the upward side of things. But it’s likely to get more challenging to find ideal setups. As ever, we use the various Big Money Filter combinations in our TradeFinder software, particularly the combination of bullish convincing OVIs with bullish Shrinking Retracements near Key Levels. Follow the money, — Guy Cohen [] [] JEFFRY TURNMIRE When Stocks Drop Out Of Nowhere In this morning’s Prosperity Pub newsletter, Jack Carter talked to you about an income strategy he’s been using for decades. If you missed it, search your email for it. It’s worth your time. He literally gives the building blocks for the income strategy he’s been using for decades. The subject line for that email is: Earnings… Will they outperform — or drop? In any case, I wanted to cover one of the things he talked about. As part of his strategy, he said that he sells a put option on a stock that is about 10% out of the money. So if a stock is currently at $100, he’ll sell a put with a $90 strike price that expires in 4 days. (usually on a Friday) If the stock is above $90 when the option expires, he’ll keep the full premium. He also said that if the stock falls to $90 or below, it could turn into a losing trade. Naturally, folks are always concerned about risk (as they should be), so they focus on the losing potential of this kind of trade. But here’s the thing — part of the brilliance of Jack’s strategy is that he’s limiting his risk to an extremely tight time frame. First of all, he hates trading on Mondays. As a former Market Maker on Wall Street, he understands the volatility that Mondays can bring, so he prefers to stay out of the market and just observe. As a result, he enters the market on Tuesday… and sells an option that expires on Friday. If you count Tuesday, he’s in the market for a grand total of 4 days. (Brilliant!) I wasn’t able to find any studies that tell us how often a stock falls 10% or more in less than a week, but from personal experience I can tell you it’s rare. Especially when you’re using a multi-point strategy like Jack’s that only has you using high quality stocks to begin with. I’ve seen Jack’s numbers. His strategy has a win rate greater than 96%. That’s about as close to perfect as any strategy I’ve ever seen. And a huge part of that is what we just discussed: Selling options about 10% out of the money with less than a week to expiration. Look at the stats yourself: When Jack is winning more than 96% of the time, that’s a strategy that’s going to be hard to ignore for any good trader. In fact, Jack’s been using this as his primary strategy for decades. There’s a reason he’s turning to income trading as his main strategy — and why I recommend you do, too. If you’d like to learn more about it, Jack’s going live tomorrow, Tuesday July 18th @ 11:30am Eastern. [Click here to register your spot]( and hear more about his time-tested strategy. Hope you check it out, — Jeffry Turnmire [] [] [] [] [] JULY 17 2023 [] [] GUY COHEN’S MARKET MOVERS Bullish Picks As We Edge Closer To Meaningful Retracement The main indices continue to show robustness. And while we would expect 20 day moving averages to be tested, the overall market strength has a good chance of continuing until after the big techs report their earnings. More day-to-day volatility is likely, and we continue to edge closer to much more meaningful retracement. But as with the past couple of weeks, there is still some room for further upside first… With 4 bullish stocks on the watchlist this week, you can see we’ve continued to focus more towards the upward side of things. But it’s likely to get more challenging to find ideal setups. As ever, we use the various Big Money Filter combinations in our TradeFinder software, particularly the combination of bullish convincing OVIs with bullish Shrinking Retracements near Key Levels. Follow the money, — Guy Cohen [] [] JEFFRY TURNMIRE When Stocks Drop Out Of Nowhere In this morning’s Prosperity Pub newsletter, Jack Carter talked to you about an income strategy he’s been using for decades. If you missed it, search your email for it. It’s worth your time. He literally gives the building blocks for the income strategy he’s been using for decades. The subject line for that email is: Earnings… Will they outperform — or drop? In any case, I wanted to cover one of the things he talked about. As part of his strategy, he said that he sells a put option on a stock that is about 10% out of the money. So if a stock is currently at $100, he’ll sell a put with a $90 strike price that expires in 4 days. (usually on a Friday) If the stock is above $90 when the option expires, he’ll keep the full premium. He also said that if the stock falls to $90 or below, it could turn into a losing trade. Naturally, folks are always concerned about risk (as they should be), so they focus on the losing potential of this kind of trade. But here’s the thing — part of the brilliance of Jack’s strategy is that he’s limiting his risk to an extremely tight time frame. First of all, he hates trading on Mondays. As a former Market Maker on Wall Street, he understands the volatility that Mondays can bring, so he prefers to stay out of the market and just observe. As a result, he enters the market on Tuesday… and sells an option that expires on Friday. If you count Tuesday, he’s in the market for a grand total of 4 days. (Brilliant!) I wasn’t able to find any studies that tell us how often a stock falls 10% or more in less than a week, but from personal experience I can tell you it’s rare. Especially when you’re using a multi-point strategy like Jack’s that only has you using high quality stocks to begin with. I’ve seen Jack’s numbers. His strategy has a win rate greater than 96%. That’s about as close to perfect as any strategy I’ve ever seen. And a huge part of that is what we just discussed: Selling options about 10% out of the money with less than a week to expiration. Look at the stats yourself: When Jack is winning more than 96% of the time, that’s a strategy that’s going to be hard to ignore for any good trader. In fact, Jack’s been using this as his primary strategy for decades. There’s a reason he’s turning to income trading as his main strategy — and why I recommend you do, too. If you’d like to learn more about it, Jack’s going live tomorrow, Tuesday July 18th @ 11:30am Eastern. [Click here to register your spot]( and hear more about his time-tested strategy. Hope you check it out, — Jeffry Turnmire [] [] [] [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub 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 purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. 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. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub 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 purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. 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. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](