Member Login

Morning Thoughts August 14

  • We continue drifting higher in risk assets.
  • While it is simple to short this rally I would point to the chart below indicating how well all sectors are now participating in this upswing.
  • Sooner or later we will correct but I for one do not want to step ahead of a train, especially if retail and institutions decide to buy again near the 1400 area on the SPX.

  • Protection however is cheap, note the VIX closed below the 14 mark yesterday for the first time since 2007

  • We think the 40% rally in TSO so far this month may be a little excessive in the near term…we are short some out of the money calls for a test drive

 

 

 

 

Watch More:

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Serge’s Daily Trading Tips

Want my tips and tricks to the markets? Subscribe and learn more about trading and investing, get an upper hand on the markets and on the path to a steadier trading and investing process. By subscribing you can expect to get anywhere from 2-4 new videos each week with clear, actionable, and relevant market commentary directly in your inbox. Not to mention you’ll be the first to know when we have upcoming Live Training Sessions. Enter your name and email and welcome to The Steady Trader family.

 

Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Read our Full Disclaimers HERE.

Facebook Twitter
Member Login

Get Serge’s Daily Trading Tips

Subscribe now and get clear, actionable, and relevant trade ideas!

By giving your contact info you agree to receive future emails from The Steady Trader including educational and promotional content. By providing your mobile phone number and clicking on the above “Subscribe” button, you agree to receive automated promotional messages from us via SMS. By opting into our SMS Program, you agree to our Terms and Conditions and Privacy Policy.