Market analysis for April 19th, 2024

4/19/2024

Welcome to the weekend folks! Yesterday was just a solid day for me. After the dust settled I was up $4,065 on my net liq. Most everything we touched worked. We logged $1,400 of profits in 20 mins. in the scalping program and are still on track for $50,000 of yearly income scalping twice a week with 5k of capital. Could you make $100,000 a year scalping with 10K? Well...that's what we are currently on track for. Our 0DTE's are just killing it. We are now approaching $130,000 of profits from our first quarters 0DTE's. We average $15,000 of capital a day. Could you really make a half million a year with our 0DTE setups? No guarantees but thats our current run rate.
Yesterday all four of our 0DTE's worked and with $14,800 of capital we generated almost $2,900 of profit. Our Theta fairy hit for another full profit as well. We also have four earnings trades that look to expire today fully profitable.
In addition to all that, we skipped the new Theta fairy setup in lieu of the overnight Vampire trade. That looks like its set to yield over $1,000 of profit for us at the open today. It would be nice to make $1,000 a night every night but alas, the Vampire trade is a, once a month trade. Two of my goals are to provide a trading setup for anyone, regardless of what you are looking for. I also stive for setups you are not getting anywhere else. Our unique scalping, 0DTE's, Theta fairy and Vampire trades meet both of those criteria.

Lets Take a look at the markets:
Middle Eastern tensions ramped again overnight.

Israel retaliated against Iran with a missile strike late last night, bumping oil up 3.5% and stock futures down 1%. So far, Tehran is downplaying the attack, which could mean Iran won’t continue to escalate. The S&P 500 saw its fifth straight session of declines, its longest losing streak since October. It’s very likely to close below 5,000 today.
Minneapolis Fed President Neel Kashkari wants to take his sweet time with rate cuts."I’m in the view of, we need to wait and see, be patient as long as it takes, until we get convinced that inflation is on its way back down to 2%.
Bitcoin briefly flopped under $60k before mostly recovering for the day.
Weekly jobless claims remained unchanged at 212,000, showing a steady labour market.
The three big moves I think are telling; #1. Bonds popped on a flight to safety. #2. After an initial surge, oil is actually dropping. #3. Futures are coming back now.
My lean today is neutral, once again.

Trading docket for today;
Vampire /ES hedge, /MCL, AXP, CCL?, CGC, ISRG, IWM, M, MSTR?, SPX/NDX/Event contract NDX/Bitcoin 0DTE's, NFLX, NVDA?, PYPL, SPY/QQQ, TSM.

Intra-day levels for me:
/ES; 5066/5094/5118/5126 to the upside. 5016/4994/4984/4963 to the downside.