MTM Options Trader Newsletter - Build Traders Toolbox with Right Technical Tools

This Week in the Market The markets pulled back last week, but support levels kept them from moving even lower. On the contrary, some resistance levels kept them from a strong close on Friday as momentum waned into the weekend. Looking ahead at this week, Nasdaq is trading right below its 50-day moving average with the Dow and S&P 500 above theirs, at least for now. Implied volatility spiked up but still hovers just above where it was for most of April. Pandemic concerns, particularly in India, continue to pester the market as do murmurs of inflation that don't seem to be going away anytime soon. The slate of expected economic reports is pretty full this week. Although there are no significant reports coming on Monday or Wednesday, several consumer reports, GDP and a couple of housing reports are on tap. Quarterly earnings continue to trickle in with several retailers taking center stage as well as an anticipated report from NVIDIA this week. Have a great week and a healthy week, and practice being a risk manager, which you need to be whether you are a trader or an investor.

May 25: Consumer Confidence May 25: New Home Sales May 27: Jobless Claims May 27: GDP May 27: Durable Goods May 28: Personal Income May 28: Trade in Goods May 28: Consumer Sentiment Read Our Blog

Build Traders Toolbox with Right Technical Tools As an educator I make it a point to help students develop a solid fundamental and technical foundation. Years ago, I started my own "traders toolbox" that is now filled with facts, axioms, statistics and technical indicators. I refer to my toolbox when trading and creating strategies. My first experience in the markets was on the Chicago Board of Trade trading floor. Trading pits are frequently loud, hectic and intimidating. Commodity and stock exchanges are unlike anything I had ever experienced. Continue Reading ... MTM Watchlist Here are a few trade ideas we will be keeping an eye on in group coaching class this week: BA – After breaking higher on Friday, the stock is sitting at some potential resistance around $235. Depending on Monday's action, vertical spreads either bullish or bearish will be modeled. AAPL – The stock remains trapped under its 50-day moving average. Potential bear call spreads will be considered early in the week. JPM – Banks continue to trade steady for now. Potential bull put spreads around the $160 level may be an interesting proposition again this week.

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The strategies in this newsletter are for educational and informative purposes only. All information disclosed in this newsletter should not be considered complete in its entirety. Market Taker Mentoring, Inc. will not be held responsible for changes, oversights, errors or omissions. Dates, prices, news and other information may not be accurate. Please verify all information before trading. You alone are responsible for your own investment decisions. Options involve risk and are not suitable for all investors. Before trading options, please read Characteristics and Risks of Standardized Option (ODD), which can be obtained from your broker; by calling (888) OPTIONS; or from The Options Clearing Corp., 125 S. Franklin St., Suite 1200, Chicago, IL 60606. No statement in this newsletter is intended to be a recommendation or solicitation to buy or sell any security or to provide investment or trading advice. Traders and investors considering options should consult a professional tax advisor as to how taxes may affect the outcome of contemplated options transactions. Copyright Market Taker Mentoring, Inc. 2008 - 2021. All rights reserved. Reproducing or redistributing this content is a violation of federal law.

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