Welcome back folks. What an absolute fantastic, picture perfect day for us yesterday. I can't even express how far ahead of our pro-forma goals we are. This is just fantastic. Here's a quick snap shot of our seven 0DTE's and scalping from yesterday:

That outsized gain on our SPX debit setup has been building since last Thursday , with two rolls but finally realized and booked the proift yesterday. We've talked about the potential for us to make as much as $500,000 dollars profit this year from all seven of our daily possible 0DTE setups and our now daily effort with scalping. It seems almost fantastical and well, a pipe dream, to be honest, but guess what? That pretty close to what we are on pace for. If our numbers hold through the first six months of this year we will be very close to $200,000 documeted profits on our 0DTE's. Our four standard SPX/NDX setups are close to $170,000 pure profit now and our three Event contract 0DTE's have added another approx. $6,000 of profit. With some good fortune, we could finish the month off very close that that $200,000 goal. Our scalping is continuing to produce results above expectations. Moving to five days a week we've reset our income target to $100,000 for a 12 month period vs. the $50,000 target we had with just two days a week effort.

I know there are some amazing traders out there but I have to believe that these results put us up against the very best of the best. I'm extremely proud of what we've accomplished and I'm always thrilled when our members express how grateful they are to have found us. This is a special community of solid people. I appreciate all of you who contribute to the programs success. If you would like a free peek at how we are achieving this come hang out for a week at no -charge and see what we do. 

If you're just interested in scalping and don't want to trade full time and are happy with the potential for an extra $100,000 a year in income go here:

Lets take a look at the markets:
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Markets continue to stall here. Most likely awaiting the dual catalyst of CPI/FOMC Weds.  Futures are down as we speak 

The Federal Reserve kicks off its two-day meeting later in the day, with investors widely anticipating the U.S. central bank to hold borrowing costs steady on Wednesday for the seventh consecutive gathering. Investor attention will center on the Fed’s new “dot plot” in its Summary of Economic Projections, which displays Federal Open Market Committee member projections regarding the trajectory of interest rates. Market participants will also pay close attention to Fed Chair Jerome Powell’s post-decision press conference for hints about when the Fed might cut interest rates.
Meanwhile, a 41% plurality of economists anticipate the Fed signaling two cuts in the closely watched “dot plot,” while an equal number expect the forecasts to indicate just one or no cuts at all, according to the median estimate in a Bloomberg survey.
Investor focus also rests on the May reading of the U.S. Consumer Price Index, set for release on Wednesday, which is expected to show that headline inflation remained steady from April at +3.4% y/y. At the same time, U.S. May underlying inflation is expected to ease slightly to +3.5% y/y from +3.6% y/y in April.
“The interest-rate guessing game goes on,” said Chris Larkin at E*Trade from Morgan Stanley. “Even the friendliest inflation numbers probably won’t push the Fed to act any sooner than September.”
U.S. rate futures have priced in an 8.8% chance of a 25 basis point rate cut at July’s monetary policy meeting and a 50.0% chance of a 25 basis point rate cut at the September meeting.
On the earnings front, Texas-based software giant Oracle (ORCL) is scheduled to report its Q4 earnings results today.
The U.S. economic data slate is mainly empty on Tuesday. 
In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.433%, down -0.85%.

Be safe out there today folks and save up some buying power for Weds. It should be a doozy. 

Welcome back traders. I hope you all had a great weekend. We had a nice finish to our week with Fridays results.

It seems like a stretch, and everything would need to stay on track with no big drawdowns but... we are on track for almost $400,000 of income this year annualized out on our scalping/0DTE's. To say I'm thrilled with our results is an understatement. We've got a potential big payoff awaiting us today in our SPX rolled cover. It could be a nice start to the week.
​
Lets take a look at the markets and price action;
Firstly, some key items to watch. Roaring Kitty, the GME trader is back! If you haven't been following this saga and GME's price swings you owe it to yourself. This is better than an action flick and you don't have to pay to watch. I'm sitting on the sidelines for now but we've had great success shorting GME and AMC for that matter on these big pops to the upside. NVDA's 10 for 1 split is active today. While a split has no actual effect on a stocks fundamentals it should help us tremendously to continue our slow march to the exits on this trade. It will be much easier to reduce buying power now. Our trade continues to look good but it also continues to get pushed out in time....someday. Thursday we get the big vote result on Elon's pay package at TESLA. This could be a market mover for the stock. Of Course, we also have a potential monster of a day coming Weds. with BOTH CPI and FOMC in the same day!  We may have a shot at some more Theta fairy setups this week.

​After several days retesting the March highs, the SPY managed to find its footing and push higher, closing the week at $534.01 (+1.26%). Additionally, MACD is back in positive territory, turning up and showing the beginnings of a bullish cross.
​

​Much like the SPY, the QQQ found clear support at the March highs and rallied to make new all-time highs on Friday and close the week at $462.96 (+2.72%). Additionally, a clear bullish cross up is visualized on MACD, a sign that this move could just be getting started.

​The doldrums returned for the small caps, which closed at $201.20 (-2.47%) this week after failing to push out of the handle. Despite last week’s relative strength, IWM has struggled since the bearish MACD cross in late May.

The U.S. Labor Department’s report on Friday showed that nonfarm payrolls climbed by 272K jobs last month, well above the 182K consensus. At the same time, the U.S. May unemployment rate unexpectedly rose to 4.0%, weaker than expectations of no change at 3.9%. Also, U.S. average hourly earnings came in at +0.4% m/m and +4.1% y/y in May, stronger than expectations of +0.3% m/m and +3.9% y/y. Finally, U.S. April consumer credit rose +$6.40B, weaker than expectations of +$9.30B.
“[Friday’s] jobs report may lower rate-cut expectations,” said Bret Kenwell at eToro. “But at the end of the day, a strong labor market is hardly a bad thing - especially for an economy that’s so dependent on consumer spending.”
The U.S. Federal Reserve’s interest rate decision and Fed Chair Jerome Powell’s post-policy meeting press conference will take center stage in the coming week. The Federal Reserve is anticipated to hold interest rates steady for the seventh straight meeting on Wednesday, shifting investor focus to the central bank’s quarterly “dot plot” in its Summary of Economic Projections, which displays Federal Open Market Committee member projections regarding the trajectory of interest rates. The updated “dot plot” is likely to indicate two 25-basis point cuts this year, down from three cuts projected in March.
Meanwhile, U.S. rate futures have priced in an 8.8% chance of a 25 basis point rate cut at the July FOMC meeting and a 43.4% probability of a 25 basis point rate cut at the conclusion of the Fed’s September meeting.
On the economic data front, the U.S. consumer inflation report for May will be the main highlight. Also, market participants will be monitoring other economic data releases this week, including the U.S. Core CPI, PPI, Core PPI, Crude Oil Inventories, Initial Jobless Claims, Export Price Index, Import Price Index, and Michigan Consumer Sentiment Index (preliminary).
On the earnings front, major companies like Adobe (ADBE), Oracle (ORCL), and Broadcom (AVGO) are set to report their quarterly figures this week.
In addition, several Fed officials will be making appearances this week, including Williams, Goolsbee, and Cook.
The U.S. economic data slate is mainly empty on Monday.

I.V. for this week is MUCH better than last week, thanks to CPI and FOMC.

I'll go over out trade docket today in our live zoom feed. It's hard to say what we can do today until we get a market open because our buying power is artifically inflated right now with the NVDA split. Once that balances out we'll know how much BP we have to work with. 

My bias to start off the week is bearish. I think the current FED trend of continuing to push of rate cuts continues this week. 

The divergence in the major indices we trade continues with the SPY and QQQ holding near highs and the IWM and DOW still stuck under their 50DMA.

Have a great day folks. See you in the trading room shortly. 

Welcome back to Friday! We had a picture perfect day yesterday. It's rare but everyone once in a while everything clicks at the same time. A: We got all seven of our possible 0DTE's working. B: They all hit for a profit. C: They all went out at max. gains. In addition to our 0DTE's we had an above avg. result with our scalping.

​Sentiment
A global equity rally faltered ahead of key US jobs data, which could cement bets on when the Federal Reserve will begin to ease monetary policy.
While traders were wary of placing large bets this morning, global stocks are poised to end a two-week losing streak.
Rate-cut expectations have risen in the last week, boosted by a slew of weaker-than-expected US data, as well as easing by the Bank of Canada and the European Central Bank.

Docket
08:30 ET
US Employment Situation for May
Nonfarm Payrolls – Median Forecast: 185k | Prior: 175k | Range: 258k / 120k
Unemployment Rate – Median Forecast: 3.9% | Prior: 3.9% | Range: 4% / 3.8%
Average Earning YoY – Median Forecast: 3.9% | Prior: 3.9% | Range: 4% / 3.8%

My software is down this morning so no chart action to share. This will be short and sweet. Our goal today is to de-risk and get capital back for next Monday.
I hope you all have a good weekend.

Welcome back traders! Yesterday was a mixed result day for me. Scalping was a bust and while we made money overall on our seven 0DTE's we rolled two of them. 

NVDA also hurt my net liq. We've rebalanced our setup. At this point, I'll probably be in this trade until I die! Some interesting stats on Nivdia, with yesterdays surge they have overtaken Apple as the most valuable company in the world. Three trillion dollar valuation! It's due for its 10-1 split tomorrow after the close. What will that do to the share price?  

Generally it's not been positive.

Lets take a look at the markets:
Buy mode is really kicking in now.
​

Only the DOW is lagging.

Although, it doesn't look like its full "risk on" mode.

Overall market internals aren't the best either if you are bullish 

The gains over the last week have been concentrated on some big cap names. 

My lean today is neutral after yesterdays pop.

​On the economic data front, investors will focus on U.S. Initial Jobless Claims data due later in the day. Economists estimate this figure to come in at 220K, compared to last week’s number of 219K.
U.S. Unit Labor Costs and Nonfarm Productivity data will also be closely watched today. Economists forecast Q1 Unit Labor Costs to be at +4.7% q/q and Q1 Nonfarm Productivity to stand at +0.3% q/q, compared to the fourth-quarter numbers of +0.4% q/q and +3.2% q/q, respectively.
U.S. Trade Balance data will be reported today as well. Economists foresee this figure to stand at -$76.20B in April, compared to the previous figure of -$69.40B.

Good luck today traders. Let's have a great day.

Welcome back traders. We are already approaching mid-week. Yesterday was a solid one for us. As you know, if you are in our live trading room, we've upped the ante with our 0DTE setups to a possible seven different opportunites each day. That combined with going to scalping five days a week means there is a greater focus and importance on them. I've put a matrix together to track our daily results and will start posting that here each day. I'm super proud of our 0DTE approach. I don't know if there is another program out there that offers as many opportunities on a daily basis and where they do more (return wise) with less (capital commitment).

Let's take a look at the markets:
une S&P 500 E-Mini futures (ESM24) are trending up +0.25% this morning following a positive session on Tuesday as a decline in U.S. job openings firmed up Federal Reserve rate-cut bets, with investors’ focus now turning to the ADP National Employment numbers due later in the day.
A Labor Department report on Tuesday showed that U.S. JOLTs job openings fell to a 3-year low of 8.059M in April, weaker than expectations of 8.370M. At the same time, U.S. April factory orders rose +0.7% m/m, in line with expectations.
“The evidence is accumulating that the Fed should begin easing,” said Ronald Temple, chief market strategist at Lazard.
Meanwhile, U.S. rate futures have priced in a 0% chance of a 25 basis point rate cut at June’s policy meeting and a 16.5% probability of a 25 basis point rate cut at the July meeting. Also, U.S. rate futures have priced in a 55.3% chance of a 25 basis point rate cut at the conclusion of the Fed’s September meeting.
On the earnings front, notable companies like Lululemon Athletica (LULU), Dollar Tree (DLTR), Campbell Soup (CPB), and Five Below (FIVE) are set to report their quarterly figures today.
Today, all eyes are focused on the U.S. ADP Nonfarm Employment Change data in a couple of hours. Economists, on average, forecast that the May ADP Nonfarm Employment Change will stand at 173K, compared to the previous number of 192K.
Also, investors will focus on the U.S. ISM Non-Manufacturing PMI, which arrived at 49.4 in April. Economists foresee the May figure to be 51.0.
The U.S. S&P Global Composite PMI will come in today. Economists expect the May figure to be 54.4, compared to April’s value of 51.3.
The U.S. S&P Global Services PMI will also be closely watched today. Economists foresee this figure to arrive at 54.8 in May, compared to 51.3 in April.
U.S. Crude Oil Inventories data will be reported today as well. Economists estimate this figure to be -2.100M, compared to last week’s value of -4.156M.
Markets continue to entrench with a bullish bias.

But I wouldn't say they bulls are safe. Both the IWM and DIA are still pinned underneath their repective 50DMA. SPY and QQQ are fairing better but still find themselves trapped under a pretty heavy resistance area.

My bias today is bullish. When all the technicals point in the same direction you go with it.

Good luck today traders. Trade safe.

Welcome back traders! Yesterday was a little bit of a continuation of Fridays price action. Erratic and tough to follow. We had a successful day with scalping. Two trades, 28 mins., $1,500 dollars profit. While we weren't able to get all our 0DTE's working, the ones we did yielded great results 17% on Event contract NDX, 4.3% on SPX and 25% on NDX. The race is on to see if we can get to the $200,000 profit mark by the end of July. Our 0DTE's continue to be just stellar and with our new additon using the SPX we have the opportunity to put on SEVEN, unique and different 0DTE's every day. I don't know of another trader, place or system that is doing this.
Let's take a look at the markets.
The markets swung back to buy mode.

Can they mount an attack to get back to those March highs? 

It certainly seems like they are trying.
​Economic data on Monday showed that the U.S. ISM manufacturing index unexpectedly fell to 48.7 in May, weaker than expectations of 49.8. Also, the U.S. May ISM prices paid sub-index slipped to 57.0, weaker than expectations of 60.0. In addition, U.S. construction spending unexpectedly fell -0.1% m/m in April, weaker than expectations of +0.2% m/m. At the same time, the U.S. May S&P Global manufacturing PMI came in at 51.3 compared to the estimated 50.9 and 50.0 prior levels.
“Bad news may no longer be good news. In recent months, investors have cheered weaker-than-estimated data based on expectations that it could accelerate the start of the Fed’s policy loosening. Investors are now reacting to soft data with fear,” said Jose Torres at Interactive Brokers.
Meanwhile, U.S. rate futures have priced in a 0% chance of a 25 basis point rate cut at June’s monetary policy meeting and a 16.5% chance of a 25 basis point rate cut at the July FOMC meeting.
On the earnings front, notable companies like Crowdstrike Holdings (CRWD), Ferguson (FERG), PVH (PVH), Hewlett Packard Enterprise (HPE), and Bath & Body Works (BBWI) are slated to release their quarterly results today.
Today, all eyes are focused on the U.S. JOLTs Job Openings data in a couple of hours. Economists, on average, forecast that the April JOLTs Job Openings will come in at 8.370M, compared to the previous figure of 8.488M.
U.S. Factory Orders data will be reported today as well. Economists foresee this figure to stand at +0.7% m/m in April, compared to the previous number of +1.6% m/m.

My bias for today is Neutral. I don't see any levels being cleared, either on the support or resistance side yet that would imply we have a clear trend. 

Have a great day folks. Let's see if we can do it again with our 0DTE's.

Welcome back to a new week and a new month of trading! I just got back from three days of my latest mastermind. 

I'm excited to share some of the ideas I got from it with you all in our live zoom session today!

Fridays price action in the market was crazy, to say the least. It was also one of our biggest days ever for our NDX 0DTE with a massive win. This now puts our results for the year with just the NDX 0DTE alone well over $100,000 of profit. I'm absolutely thrilled with our results YTD.
Let's look at the price action.
Last week, as the indexes began to show weakness, all eyes were on the March highs. Bullish traders hoped those levels would provide strong support, and while things were initially looking dicey from the one-two punch of lower-than-expected GDP numbers on Thursday and PCE numbers on Friday, the week ended with a face-ripper rally and key levels being held.
​After failing below the March highs, the SPY looked to be weakening into the month’s end but a late-day rally on Friday allowed this index to find support at the 21-day EMA and close at $527.37 (–0.40%). Additionally, the new 14-day lows list recently flashed a hot reading above 50%, which has led to sharp bounces higher over the past year.

​Much like the SPY, QQQ struggled throughout the week, briefly trading below the March highs and the 21-day EMA. Despite that, the rally on Friday pushed this index to close the month at $450.71 (-1.58%), above both of those key levels. As has been the case throughout the last year, the percentage of names making new 14-day lows increases sharply, it has acted as a precursor to important bottoms.

​After multiple weeks of underperformance, IWM faired the best this week, going inside on the month and closing at $205.77 (+0.16%). Much like its peers, the price managed to find support at the 21 EMA despite 42% of names making new 14-day lows this week.

We start the day off technically with a "reset" neutral rating. There's a good chance todays price action could swing us definatively one way or the other for our next trend bias.

Expected moves in the market this week are about inline with what we've been getting. 

My bias, expecially after the strong rebound on Friday is slightly bullish, even with the neutral technical rating we start the day with. 

Potential market moving news today:
​09:45 ET
US S&P Manufacturing PMI Final for May
Median Forecast 50.9 | Prior 50.9 | Range 50.9 / 50.8
10:00 ET
US ISM Manufacturing PMI for May
Median Forecast 49.7 | Prior 49.2 | Range 50.1 / 49

Intra-day levels for me:
/ES; 5314/5325 (PoC)/5334/5361 to the upside. 5303/5287/5272/5262 to the downside. 

/NQ: 18725(PoC)/18771/18827/18861 to the upside. 18668/18608/18575/18507 to the downside.

Bitcoin: 73,232 resistance. 66,119 support. 

Let's shoot for another great day folks. Not to jinx us but our NDX setup from Friday is lookiing like a potential $6,000 profit day today if the bullish bias holds. 

Welcome to the weekend! I'm in Phoenix AZ. for the next three days at one of my annual masterminds. For those of you that don't know, #1. I'm a big believer in "sharpening the saw" and attend several masterminds each year. #2. I'm building a compound in Costa Rica as I speak (it's taking way longer than anticipated) with the idea of using it as a base for stock market masterminds. I'm looking forward to that day...whenever it gets done!
Because of that, I won't be running the live zoom feed today and no scalping either.
Lets talk about yesterdays results:
We had a solid day yesterday with NVDA finally cooperating. We had four 0DTE's with Bitcoin, Etherium, SPX, NDX. They all made money. With approx. 13K in capital we generated over $3,500 profit! Our scalping efforts were strong as well with a $1,020 gross profit.
Let's take a look at the price action in the markets:
Sell mode continues.

Most of the indices we trade continue to roll over. 

Unless your ticker symbol is NVDA, the last week has not been a good one. 

What leads us up is usually what leads us down. Tech is dragging. 

We re-initiated our VTI swing trade yesterday with a short, bearish bias. This has been a fabulous trade for us. Averaging 36%-50% annual returns and very little oversight or management. 

How far can we fall? I'm looking to target that purple line with is the high volume node area and PoC.
We get PCE this morning. ​The U.S. Department of Commerce’s second estimate of Q1 GDP growth was revised downward to +1.3% (q/q annualized) from the initial estimate of +1.6%. Also, the Q1 core PCE price index was unexpectedly revised lower to +3.6% (q/q annualized) from +3.7%. In addition, U.S. pending home sales sank -7.7% m/m in April, weaker than expectations of -1.1% m/m and the biggest drop in more than three years. Finally, the number of Americans filing for initial jobless claims in the past week rose +3K to 219K, compared with 218K expected.
“The name of the game is still inflation and interest rates, and despite an expected downward revision to GDP, there wasn’t much in [the] data to shake up the status quo,” said Chris Larkin at E*Trade from Morgan Stanley.
New York Fed President John Williams said Thursday that he anticipates inflation to keep declining in the second half of this year, adding that high borrowing costs are holding back the economy. “The behavior of the economy over the past year provides ample evidence that monetary policy is restrictive in a way that helps us achieve our goals,” Williams said. In a moderated discussion following his remarks, the New York Fed chief stated that he couldn’t predict when he’d support a rate cut, stressing that it hinged on the information provided by incoming data regarding the economy. “I don’t feel any urgency or need that we have to make a decision now,” he said. Also, Dallas Fed President Lorie Logan remarked that high interest rates might not be curbing the economy to the extent that policymakers expect. “It also may be that policy is just not as restrictive as we think it might have been relative to the level of interest rates before the pandemic,” Logan said. “It’s really important to keep all options on the table and that we continue to be flexible.”
Meanwhile, U.S. rate futures have priced in a 0% chance of a 25 basis point rate cut at June’s monetary policy meeting and a 12.3% chance of a 25 basis point rate cut at the July meeting.
Today, all eyes are focused on the U.S. core personal consumption expenditures price index, the Fed’s preferred price gauge, in a couple of hours. Economists, on average, forecast that the core PCE price index will come in at +0.3% m/m and +2.8% y/y in April, compared to the previous figures of +0.3% m/m and +2.8% y/y.
Also, investors will focus on the U.S. Chicago PMI, which stood at 37.9 in April. Economists foresee the May figure to be 41.1.
U.S. Personal Spending and Personal Income data will be closely monitored today as well. Economists forecast April Personal Spending to be at +0.3% m/m and April Personal Income to stand at +0.3% m/m, compared to the March numbers of +0.8% m/m and +0.5% m/m, respectively.
In addition, market participants will be anticipating a speech from Atlanta Fed President Raphael Bostic.

My lean today is bearish. We have techs falling apart. Technicals pointing down and the Trump verdict yesterday all weighing on the futures. 

I hope you all have a nice, productive weekend! Let's hope for some bigger premiums next week! 

Welcome back traders. This has been an interesting week. Most of our regular setups this week simply don't have their normal reward to go with their normal risk. Premiums are low. We've been depending on Scalping and 0DTE's to pull the weight this week. Yesterday was solid on that front. We had a total of six 0DTE's. Three separate setups on NDX and SPX, BTC and ETH. With approx. 12k in buying power we generated $4,100 in profits. We continue to try to break $100,000 in profits YTD on the NDX. It's currently doing most of our 0DTE heavy lifting. 

We do have some news catalysts that could move the market today.
​On the economic data front, all eyes are on the Commerce Department’s second estimate of gross domestic product, due later in the day. Economists, on average, forecast that U.S. GDP will stand at +1.6% q/q in the first quarter, compared to +3.4% q/q in the fourth quarter.
Also, investors will likely focus on U.S. Pending Home Sales data, which came in at +3.4% m/m in March. Economists foresee the April figure to be -1.1% m/m.
U.S. Initial Jobless Claims data will be reported today. Economists estimate this figure to arrive at 218K, compared to last week’s number of 215K.
U.S. Wholesale Inventories preliminary data will come in today. Economists expect April’s figure to be 0.0% m/m, compared to the previous figure of -0.4% m/m.
U.S. Crude Oil Inventories data will be reported today as well. Economists estimate this figure to be -1.600M, compared to last week’s value of 1.825M.
In addition, market participants will be looking toward speeches from New York Fed President John Williams and Dallas Fed President Lorie Logan.

Lets take a look at the price action: We have a little bit of a mixed bag. The SPY and QQQ are trying to hold on to these near ATH levels while the IWM is just barely clinging to the 50DMA. The DIA has given up the ghost and is tanking. Down below the 50DMA. 

Short term indicators give us a sell rating. 

My bias for today: It's a little early to give before GDP and jobless claims come out but I'm sticking to the current technicals with a slight bearish lean. 

Good luck traders. Be picky and don't chase today. We may be rewarded with some better setups later in the day.

Yesterday was an interesting one for me. One of the benefits of having a set playbook is that you get a pretty good idea of what trades you'll be looking at each week. Tuesdays implied volatility, or lack thereof, indicated that would be a tough go this week. Most all of our ladder trades and weekly strangles just don't have enough juice in them to make sense from a risk/reward ratio. I've lowered my income goal this week to just $5,000 dollars and am expecting most all of it to come from our 0DTE's. We'll wait patiently on the rest of out trades until we can get some premium back. Even with 0DTE's it was tough yesterday. We only got two of the planned four on. The SPX and NDX yielded $1,600 in profit. It was enough but not what we wanted. Scalping was a lesson in patience as well. Only two trades. $400 gross profit at the end of it all. NVDA's push up meant we needed to roll the call side out again so the trade continues.
​Let's look at the markets:

The QQQ's continue to hold up well with NVDA strength. SPY is just treading water and the IWM and DIA are in full roll over mode.
Futures are starting to flash sell signals this morning.

Futures look weak in the pre-market.

My lean today is slightly bearish:
​

Trade safe and trade small. Movement will come back at some point. Remember, sitting on our hands is a skill!