Hey Folks! âThis may be the most dangerous time the world has seen in decades.â [Image source]( Thatâs putting it mildly, [dear Jamie](. Iâll add to that list of concerns: Not only are TWO wars raging on the Eurasian continent, but now Russia has [taken the first steps]( towards abandoning the Comprehensive Nuclear Test Ban Treaty. ð How is this not front-page news?! Instead, we get to read about the partial gag order slapped on Trump and SBFâs request for a higher dosage of his ADHD meds! Woo-hoo! Just what we all want. And so markets rose steadily yesterday, ending the day around 1% higher than it started. Iâm not trusting it. Today though, markets wobbled on the latest retail sales data. According to the numbers, [U.S. consumers are spending]( with abandon (OK⦠maybe Iâm stretching that a bit⦠but spending has increased), and that puts a crimp in the idea of the Fed holding rates steady. But then you look at Bank of Americaâs earnings released before the bell, and you see that theyâre going gangbusters thanks to the higher rates and⦠loan growth. Iâm just guessing here, but mortgage applications have declined a ton over the last few months, so where is that loan growth coming fromâ¦? Iâm just sayinâ... In this kind of environment â where your head could spin off trying to keep track of all the confusing, contradictory, and sometimes terrifying noise â I do the only thing I can do⦠[I tune out said noise and look to the data for guidance.]( That could be broadly speaking across whole markets or sectors, or at specific stocks. Thatâs how I was able to make a huge win on NVDA for my Bullseye Traders this week. âBut itâs only Tuesday, Uncle Jeff?â I KNOW! Yesterday, I emailed my Bullseye Traders the following trade plan for NVDA â my trade of the week: --------------------------------------------------------------- For NVDA this week, I would like to see the stock bounce higher, so I can get a better price on the puts I want to buy. That might not happen, so I plan to start with a small position sometime today, and then wait for a bounce to near $460 to add to this position. If I am wrong on this trade, I will stop out with a closing price above $470. If things go my way, I plan to look for a breakdown to around $435 as target #1 and then $420 as target #2 to profit. I will also be setting up a higher-probability option-selling version of this trade for [Alpha Hunter members]( today as well, so keep an eye out for that if you are a subscriber. My Trade Plan Details: - NVDA Nov 3, 2023 $430 puts near $7 - Stop: Close above $470 - Target 1: $435 - Target 2: $420 --------------------------------------------------------------- Man! My ð® was on fire! Today, I grabbed a 100% profit on this play⦠and from the looks of things in our room chat, a couple of members made bank with me. Look at this⦠ Note: Trading is hard, results not guaranteed and should not be expected to be replicated typically Although to be sure, I didnât need a crystal ball to make this great trade. I just used my 20+ years of trading experience and my understanding of the data and technicals. Those same âassetsâ have me looking at more trades to make in NVDA as this week progresses. To make sure you donât miss any of them, [follow this link]( to join us as Bullseye Traders ð¯! Hereâs to YOUR success, P.S. AI already crushed humans at chess, Go and Jeopardy. Whatâs next?!? Wall Street!  Hedge funds are using AI to whip retail traders every day. Itâs time for you to fight back ð¤ºwith YOUR own AI tool. Sign up for *TradeAlgoâs SMS alerts to get informed when it spots irregular activity in dark pools. (A âkillerâ tool to spot next momentum trades!) [Sign up here for FREE](. *Sponsored content: Weâre a proud affiliate for Trade Algo, meaning if you click a link for a product or service, we may earn a commission at no extra cost to you. We believe in the companies we form affiliate relationships with, but please donât spend any money on these products or services unless you believe they will help you achieve your goals. RagingBull, LLC
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