MTM Options Trader Newsletter - Track Market Correlation, Price Targets and Profit Potential

This Week in the Market The market's signs of weakness from the previous week came to fruition. Stocks took a deep dive lower (especially growth stocks) but were able to rally enough on Friday to keep the bears from completely dominating the week. The Dow even closed at an all-time high on Wednesday. Nasdaq continues to be the weakest of the big three and the only index currently below its 50-day moving average. Clearly a line in the sand for a bullish trigger for the index. Implied volatility levels spiked but not as high as in the beginning of February. The market continues to look like a volatile playground for traders as this week's action could determine whether we will see another recovery from this latest pullback or a continued slide moving forward. There are several economic reports due out this week including the latest unemployment figures for February. In addition, the $1.9 billion relief package is being solicited with no firm resolution in place at the time of this writing. Clearly, news on more than one front may move the market. There are a few earnings worth noting particularly with some retail stocks. As always, there is nothing wrong with sitting on your hands if you don't feel you have an edge. Have a safe and healthy week!

Mar 1: Construction Spending Mar 4: Jobless Claims Mar 4: Productivity and Labor Mar 4: Factory Orders Mar 5: Unemployment Mar 5: Trade Deficit Mar 5: Consumer Credit Read Our Blog

Track Market Correlation, Price Targets and Profit Potential When markets begin to trend, they frequently do so with fast and furious moves. It's important to track market correlation, price targets and profit potential. Quite often there are clues or patterns that occur prior to a breakout and just after one. It is a trader's goal to recognize that critical moment when a directional trade or trend commences. Identifying a pre-trend pattern enhances the odds of catching a move early, also known as timing. Trend Ignition My previous blog focused on pre-trend setups Reading ... MTM Watchlist Here are several trade ideas we will be researching this coming week in group coaching class: BA – The stock has been stable and aggressive at times. Potential calendar spreads and bull call spreads will be considered depending on how the stock reacts early in the week. UPS – The stock has wandered down to some potential support in the $157 to $158 area. Bull put spreads just below that level will be examined, or a gap below that level will give bearish traders an opportunity with bear put spreads. GLD – An extended move lower last week may set up a bullish opportunity this coming week. Long calls and bull call spreads will be explored.

The strategies in this newsletter are for educational and informative purposes only. All information disclosed in this newsletter should not be considered complete in its entirety. Market Taker Mentoring, Inc. will not be held responsible for changes, oversights, errors or omissions. Dates, prices, news and other information may not be accurate. Please verify all information before trading. You alone are responsible for your own investment decisions. Options involve risk and are not suitable for all investors. Before trading options, please read Characteristics and Risks of Standardized Option (ODD), which can be obtained from your broker; by calling (888) OPTIONS; or from The Options Clearing Corp., 125 S. Franklin St., Suite 1200, Chicago, IL 60606. No statement in this newsletter is intended to be a recommendation or solicitation to buy or sell any security or to provide investment or trading advice. Traders and investors considering options should consult a professional tax advisor as to how taxes may affect the outcome of contemplated options transactions. Copyright Market Taker Mentoring, Inc. 2008 - 2021. All rights reserved. Reproducing or redistributing this content is a violation of federal law.

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