With last week’s manufacturing and employment data sending mixed messages, investors will be listening closely to comments from Fed chair Jerome Powell and other Fed speakers this week for insight about the FOMC’s next interest rate policy decision. We have Powell today, tomorrow and Wednesday, as well as Kashkari, Evans, George, Mester, Rosengren, and Kaplan scheduled throughout the week—and that’s just the Fed speakers, the list goes on. We also have PPI-FD, JOLTS, CPI, and Import/Export prices this week, so there’s a lot to watch.
In terms of levels in the /ES, I’ve got my eye on the low from last week around 2,855. Gold is teetering around 1,500 while the U.S. Dollar is hanging out around 99, near the high of the year. Those three products seem to be waiting for some sort of directional indication from the 10-year yield (TNX), which has been range-bound between 2.0% and 1.4% since the first week in August. Watch these products for a breakout, because when they do, the ripple effect will be widespread, and it’s possible the inflation data this week could provide the catalysts.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.