Hate to Say I Told You So
Dear Profit Takeover reader,
Well… during the Profit Takeover show this morning, I called another 400 touch today in SPY –
And it’s now at 397.94…
And under these circumstances, I kinda hate to say I told you so, but I also hope you know don’t need to be stuck with simply worrying and hoping. There is something you can do!
As traders, we can utilize options trades to make just as much profit whether the market is going up or down…
VIX futures are still in backwardation…
Which means volatility is king, and the market is unpredictable –
But volatility is my favorite indicator to show WHEN a trade could be the most profitable…
And I have a plan to trade volatility all the way down…
THEN play more options into the rally with the members of the Profit Revolution.
- UUP needs to sell off – the market won’t rally until the value of the dollar eases a bit
- VIX will settle back down
- Big money hedges will come off
But I don’t think these will happen for awhile…
In the meantime, it’s still a trader’s market –
And we will be leaning into my favorite indicator – volatility – to find the best opportunities to profit.
I’ll be setting up expiration trades for SPX every day except Thursdays during the Profit Revolution show at 2:15 p.m. (ET).
If you want to join the House of the Profit Revolution, CLICK RIGHT HERE.
Or if you are curious to learn more – check this out.
Until next time,
Mark Sebastian
Founder, Profit Takeover
TONIGHT IS THE NIGHT
The market is bearish, but traders can still profit – even when stocks are tanking –
Tonight, Tom Gentile will reveal the signals from this new tech – Quantum Scripts…
You do NOT want to miss this…
Tonight, May 10th, at 7:00 pm (ET) – add it to your calendar.
THIS WEEK’S SCHEDULE (ET)
Wednesday 5/11: 10:30 am – 11:30 am Profit Takeover
Thursday 5/12: 11:00 – 11:30 am Brian King
Friday 5/13: 9:30 – 10:00 am Profit Takeover
TODAY’S WATCHLIST
- AMC Entertainment Holdings Inc (NYSE:AMC)
AMC posted positive earnings yesterday – EPS were up 2.85% and revenue was up 5.69%…
But investors aren’t impressed… AMC is now trading at $11.78 –
The day before earnings it closed at $13.76…
A bigger fade is likely…
- Apple Inc (NASDAQ:AAPL)
AAPL is starting off the day in the green – up from yesterday…
It’s currently trading at $154.45 –
But I still think AAPL will fall below $150 – and even farther after that.
- Exxon Mobil Corp (NYSE:XOM)
XOM got smoked yesterday…
Currently trading at $85.23…
I’m thinking we may see a rebound – but I will wait for a cheap play.
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May 10 2022
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