To the casual observer, stocks look to be drifting around on a Lazy River ride, but the truth is, they’re consolidating their recent gains. This is actually bullish price action.
But you can sense the palpable anticipation of Nvidia’s earnings report, which hits tomorrow. In my view, the reaction could set the tone for the last of the summer trading sessions.
The Japanese yen, source of the carry trade that detonated markets just a few weeks ago, is beginning to come back, which warns of potential volatility, but the dollar - sacrificed on the altar of global growth - is declining now.
If that declines, I think we could see risk assets continue to outperform. Let me show you what else I’m looking at here at the end of August…
1 Comment
Richard
August 27, 2024Don what happens to a options play on a stock if the extended price goes out beyond the 68% on the curve before the expiration date? Does it eventually go back inside the curve? I've been studying very hard all your classes & you are very good at explaining things in regards to options trading. So thank you and your staff at theo trade and keep up the good work. I'm a 76 year old youngin who loves learning how to make money with options and I found the best teachers.Keep up the good work and you have a student and trader for life. Thank you and I hope you receive this note