Today is not a good day to sell covered calls even though the stock market is moving higher.
We are still way off our previous highs.
Stocks could move even higher.
Be careful making those moves in this market.
The crash is loading and its worse than most expect, I am daily adding more and more shorts on SP500, Nasdaq and Dow Jones. The mother of all crashes is coming, something that will go in the history books!
International Energy Agency chief says current crisis is more serious than the ones in 1973, 1979 and 2002 together.
“The world has never experienced a disruption to energy supply of such magnitude.”
Most people still don’t grasp the scale of what’s happening. This is a major liquidity event.
@AsymEdge How is it a lagging signal if i literally just said the previous 3 times it LED to further declines.
Bruh.
I know death crosses, like most TA, are not 100%. But fax are fax.
$NVDA is quickly approaching a death cross later this month potentially.
The last three death crosses dating back to 2018 were not too kind to Nvidia. Lead to further declines once the 50dma crossed below the 200dma…
Fwiw.
You have 2 options.
1. buy great stocks when market is in correction/crash
2. don't buy stocks when market is in correction/crash
What tickers did you buy this week?
@MattTra_Builder@MrMikeInvesting Exactly. “Patterns” are merely a coincidence of the past. Not an indicator of the future…
(especially when it happened once in a whole different economical circumstance)
Over these next 30 days many will make generational wealth from the S&P 500…
The current setup is eerily similar to the tariff 2025 crash playbook, & in accordance to such we are topped off.
Tomorrow resumes the downtrend cycle into $590 on $SPY by late May for a -16% crash.
This is one of the cleanest, & most profitable moves you may EVER see.
Don’t miss it…
Just so we are all in agreement,
the US market is crashing because Trump is bending to the demands of Israel and fighting a war that is no threat to the US.
The US is now occupied.