Nikkei Explodes on Stimulus


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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We believe the key level to watch on the Nikkei is 12,500. Today, the market blasted up through that level all the way to 13,000. We could see a slight retracement to the high 12,000′s, but we believe that with the BOJ blatantly stating they will be buying Japanese bonds and assets, the Nikkei seems to be in a very bullish environment, mainly due to the BOJ's actions.

RBOB Gasoline is also down again today after a big down day yesterday. Today this market is down $.02 to $2.90. The Energy Information Administration changed the market's positions by reporting a big uptick in oil supplies and refinery runs. Our first key resistance level is at around $3.03.  If this market can stay below $2.90, we would not be surprised to see more big selling to the low $2.80′s, especially considering a potential US dollar rally continuing.

Other key commodities are down today, such as: gold, silver, corn, soybeans, & crude oil. We believe the US dollar rally is having a very bearish impact on commodities and we also believe this trend will continue.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING COMMODITY FUTURES AND OPTIONS IS SPECULATIVE, INVOLVES RISK OF LOSS, AND IS NOT SUITABLE FOR ALL INVESTORS.


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.