Another great day on the JT1M! I finished off up 2.8% for the day, the Fed's infrastructure deal is looking promising and my PYPL alert executed perfectly.
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I honestly hope they can get the infrastructure bill passed in a bi-partisan way for the good of everyone. America needs this bill; our infrastructure is subpar. However, I am skeptical for some reason.
President Joe Biden on Thursday embraced a bipartisan Senate deal to spend hundreds of billions of dollars on infrastructure projects, building roads, bridges and highways in an expanded effort to stimulate the American economy.
This is why markets across the board rose on Thursday, yet I don't think the deal is fully agreed upon yet.
One strange thing for me is that it seems like they won't be raising the taxes on businesses and wealthy. I'm not going to lie, that seemed like a good idea to me at the time (if they actually pay up), since it won't affect the majority of us. So now they have a bright idea of going after tax evaders and other unspent money from other bills?? Two things they should have already been doing in my opinion.
Nevertheless, let's see over the next period of time up until the bill is signed to see how it all plays out.
PICKS THIS WEEK:
$ROKU Call +30%
$GPS Commons +7.5% (Closed)
$BABA Call +30% (Closed)
$NAIL Commons -9.1% (ong)
$V Call -7% (ong)
$PYPL +11% (ong)
REMEMBER: Make sure to take profits! Its better to take a little off the table then none!
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ALERTS THAT TRIGGERED TODAY
Alert triggered: PYPL Bounce On Resistance. Small PUT back down to 20/50MA. on PYPL, touch. My Paypal alert triggered perfectly and I got a great execution as well. It rode right up to my resistance and bounced right back down. I'm already up 11% on this position, but tomorrow I might close early if it changes direction. I believe it will pullback to the 20MA and the anchored VWAP.
Waiting for set ups to trigger on the following before entering options:
"The stock market is a device for transferring money from the impatient to the patient." -- Warren Buffett.
“In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a speculative undertaking.” -- Seth Klarman
No new alerts added today. Friday is coming up from a good week and there could be a sell off, however with the new infrastructure deal, maybe not! Let's play it by ear and see how it goes! Good luck trading to everyone out there! Don't forget to join the Discord and let me know if you have issues joining or not. Lastly, if you joined Trend Spider with my link, I have a reward role for you in the Discord.
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