No Deal: Trump Nixes Stimulus Talks, Jeopardizing US Recovery

 
October 12, 2020
 
Old Trick Could Put Millions
in Your Bank Account…
Did you know that by making just four simple financial moves you could rewrite your financial future…

AND the financial fortunes of your family... forever?

We're talking about turning a measly $500 investment into $1,118,480 in as little as six months.

Trading legends Lou Basenese and Rob Booker believe they can help any trader rewrite their financial future using this 81-year-old trick.
Click here to find out why
 
 
Eruption: Markets Explode Higher Despite Hurricane, Debates, COVID, Unemployment
Last week I learned that crude oil markets aren't quite ready to capitulate in the same way they did back in April.

West Texas Intermediate prices rallied 3% to once again settle above $41 per barrel as Hurricane Delta became the fifth named rotational storm to bear down on the Gulf Coast this year.

That brings oil markets fairly close to the highs from September 18, a level which is essentially serving as near-term resistance.

Hurricane Delta's path looks a lot like Laura's, however, which pretty much steered clear of major refineries and offshore drilling platforms.

And if you recall, oil markets posted a decisive 20% pullback once the lack of damage to oil infrastructure was assessed and vacation season drew to a close. Moreover, the storage situation has not materially improved since we last checked in. Although off their highest levels, we remain at all-time seasonal highs.

So although storm surge may wreak some near-term havoc, we've seen this play out before.
See the playbook
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How to Trade Headline News
The stock market goes up and down. (It ain't a secret). However, the direction in which those prices move is usually predicated on some form of news, whether company-specific, macroeconomic themed, or out-of-the-blue tweets from the President of the United States.

There are strategies traders can use to capitalize on the sentiment the mainstream media are broadcasting to the world.

Many traders/investors could be scared off as the market plummeted from the news…

BUT you could use the short-term market weakness to accumulate call options in companies that were in up-trends and were bullish before the news came out.

When the price pops higher, we can then say "thank you very much" and take our profits.
And we're definitely saying thank you to these stocks
 
 
"What a valuable lesson I am getting from you. Thanks Roger!"

Choon L.





Bollinger Bands® are a highly popular technique. Many traders believe the closer the prices move to the upper band, the more overbought the market, and the closer the prices move to the lower band, the more oversold the market. Bollinger Bands® are not a standalone trading system. They are simply one indicator designed to provide traders with information regarding price volatility.
 
 
Disclaimer & Disclosures
The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed.  Please see our Terms and Conditions for more information.

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