Market analysis for Jan. 29th, 2025

Welcome back to FOMC day! We had another excellent day yesterday. It's been quite a month for us. I generally budget 10K of buying power for our scalping efforts and an additional 10K for our 1HTE's. We have more than doubled that money in the 1HTE's and are close to doubling it in scalping. That's $20,000 of income this month just with those two strategies. These are also strategies and setups you won't get anywhere else. It's also important to note, you don't need to day trade to have good potential. Our passive ATM portfolio is up almost 6% for the month. That's an annualized APR of 72%. Will we make 72% this year? Uh...probably not! Impressive none the less. Here's our overall results from yesterday.

Today's blog is short and sweet. We have FOMC today. For those of you that are new to our trading room it's worthwhile to review how we approach it. We have a bunch of earnings trades today and hopefully at least one 1HTE. We also have a "Extrinsic rich" Theta fairy working this morning. Other than that, we sit on our hands for most of the day until the FOMC minutes drop. We usually get a bit of a flutter at that point but its Powells testimony one half hour later that usually gets things moving. CME futures and analysts are predicting no rate cut so eyes will be on future looking statements. About 20-35 min. into Powells testimony is when we look to get our 0DTE's started. This is also when our scalping with the QQQ's starts. Today is about patience and discipline and sitting on our hands.
I do want to review our "game changer" calendar setups we are using with our scalping so if you can tune in to the zoom today, please do. I've got two live examples I put on last night to illustrate.

Trade docket for today: MSFT, META, TSLA, IBM, WM, LEVI?, VFC, CAVA, 1HTE, 0DTE's, /ES (Theta fairy).

No bias or lean today. No levels. We try to stay open minded and just trade what we see later today. 
​See you all in the trading room shortly!