Hey there, Power Profit Traders!
While we were canoeing here in Florida this past weekend, my wife and I saw some monkeys (yes, there are monkeys in Florida).
Apparently, we were pretty lucky because it’s not common that people see them.
I’m assuming they were looking for tips about finding profitable trades when there’s so much volatility in the market.
Speaking of market volatility, yesterday I teased about a trigger event I am tracking on a “cheapo stock” – and today at 11:30 a.m. ET I’ll explain what that means!
Also, during the LIVE session, I’ll be circling back to the Rivian Automotive (RIVN) trade that I’ve been talking about for weeks.
The exact trade specifications were sent out to Operation Surge Strike members yesterday morning – and that train has left the station!
Take a look at volatility, continuing to surge on RIVN:
Rivian Automotive Inc (RIVN) Stock with IV – March 7
With market volatility being optimal for the Surge Strike strategy, I am checking my A.I. trigger event software, BRUTUS, every day!
The Power Profit Trades LIVE session starts at 11:30 a.m. ET, and I want to talk about a few trigger events I’m vetting for Operation Surge Strike .
Wait, if BRUTUS is finding the trigger events, why would they need to be vetted?
BRUTUS searches thousands of optionable stocks every day for high probability, high ROI trigger events.
These trigger events are selected based on numerous criteria, and it’s all based on previous patterns associated with that specific trigger event.
For example, if a company is announcing earnings soon, BRUTUS will check that company’s previous earnings to determine what, if any, strategy has the highest probability of making profit before or after the event.
Could you imagine trying to do all of that yourself?
The list BRUTUS produces is based on previous patterns, but doesn’t account for every potential technical or fundamental factor…
So, I go through that list to find the best possible setups and filter it down to a list of only a few – and sometimes none of them make the cut!
When a trigger event DOES make the cut, BRUTUS provides the Initiation Point, Magnitude, and Termination Point for the trade.
Meaning, BRUTUS takes all the guess work out of trading, and tells me exactly what type of trade I should open, when I should open it, and when I should close it.
Operation Surge Strike members receive these trade ideas, and the analysis used to select them.
During yesterday’s Power Profit Trades session, we covered quite a bit of topics, including Bitcoin (BTC) diverging from SPDR S&P 500 ETF (SPY), some interesting crypto news, and even rising pressure on oil and gas prices.
RV or Not RV – That’s The Question
Last week I took a trip with my wife, and finally got to relax a bit!
I won’t go into details; but it involved an RV, a canoe, and some monkeys…
One thing that becomes painfully clear when you take a trip in an RV is the price of gas!
With COVID restrictions easing around the world, there will be more people going on trips this summer, so demand for gas will be on the rise.
Another factor adding pressure to demand for oil and gas, also related to easing COVID restrictions, is the return of the work commute!
Many companies transitioned temporarily to “work from home” models due to the pandemic, and now we’re likely to see more and more of them transitioning back.
I’m currently LONG United States Oil ETF (USO), with an initial target of 85, but I anticipate seeing it continue to rise well into the summer.
United States Oil ETF (USO) with IV – March 7
Catch the replay of yesterday’s session to learn more about how I am positioning trades around the rising Crude Oil prices!
I SPY Divergence on Cryptos
Bitcoin (BTC) and Ethereum (ETH) have been ranging since late January.
That may not seem terribly interesting… but when we compare the movement on the stock market during that same period, then it is VERY interesting!
BTC/USD Making HIGHER Lows – March 7
SPDR S&P 500 ETF Trust (SPY) Making LOWER Lows – March 7
Notice how BTC is making higher lows, while the SPY is making lower lows?
BTC has been diverging further and further from the overall stock market lately, and I believe this may have bullish implications for BTC…
Be sure to join me at 11:30 a.m. ET for the Power Profit Trades LIVE session where we’ll be covering even more Surge Strike opportunities!
I’ll see you soon!
America’s #1 Pattern Trader