Roger’s Market Update
Today, I’m in a good mood. All my predictions for last week were spot on and I’m anticipating a continuation of the main trend.
The markets are continuing to play out as predicted with its bullish run and the SPY (S&P 500) is testing prior swing highs. We’re currently not seeing extreme call buying in the Call/Put ratio and the VIX continues to trade lower. I expect the markets to continue to move higher and the SPY to print higher highs in the next couple of days. The target move is up to the 285/287.50 price levels.
The strongest sectors are still Utilities (XLU) , Real Estate (XLRE) and Technology (XLK) while the weakest sectors are still Energy (XLE) , Finance (XLF) and Health Care (XLV).
For the past three months Utilities and Technology have been showing the highest relative strength, but Technology is gaining momentum and is expected to take the lead.
Keep an eye on tech stocks such as XLNX (Xilinx Inc.), WDAY (Workday Inc.) and
FTNT (Fortinet Inc.). We anticipate a short term pullback for entry. You don’t want to miss these explosive moves.
Yesterday, we saw one these explosive moves in our Theta Millionaire program. We closed out a bull put spread income trade for a 30.6% gain in only five trading sessions on VMW (VMware, Inc.). We took in a premium of $0.70 per contract and closed it out for a net profit of $.55 per contract.
With our Theta Millionaire program you will be on your way to making steady profits with a formula that delivers over 85% winning trades and reliable steady income month after month.
And that’s not all
Today we closed out GLD (Gold Trust ETF) for a 23.3% gain on the options in only two days. We entered at the $122.00 price level and the call option position was up over 25% in just a few days.
These are high velocity pullbacks that yield results of 174%, 222%, 316% or even 339% in less than 14 days that can be found with our Precision Profits trading blueprint.
Our systems do the hard work for you. All you have to do is place the trades and be on your way to exponential growth on your investment.
P.S. The Jobless Claims Report will be out tomorrow at 8:30 am during pre-market trading. This is important because if the actual number is less than the forecast then traders could view this as good for the market which in turn would feed the continuation to the upside.
Make a note to check out the report tomorrow.
All the best,