New Stock Pick For Monday

Summary

In this weekly trading video, the host discusses market conditions post-vacation, highlighting a potential short position on a stock sitting at its 200-day moving average. He analyzes the S&P 500's bounce, the Fed's rate cut signals, and market volatility, adjusting his bearish stance to neutral due to unexpected market resilience. He provides a bullish pick with Abbott Laboratories and a bearish pick with Micron Technology, emphasizing day trading over swing trades amid uncertain market direction. The host also teases an updated version of 'Option Stalker Pro' and a live event, aiming to educate and engage traders.

Takeaways

• 📅 The video was recorded on Sunday, August 25th, and it's a weekly update from the speaker.
• 📉 The speaker had taken a break from making videos and mentions being rusty but ready to discuss the market.
• 🔍 A previous stock pick is still liked as a short position, with the stock sitting at the 200-day moving average and not advancing despite market bounce.
• 📊 The speaker discusses the S&P 500 chart, noting the market's inability to break through certain levels and the potential for a short position if the market shows weakness.
• 📉 There's an expectation of seasonal weakness in the market, with a peak coinciding with earnings season and subsequent sell-off due to soft economic releases and FOMC statements.
• 💹 The market's reaction to the FED's statements at the Jackson Hole Symposium was underwhelming, leading to a tempered bullish outlook.
• 📈 Despite a significant drop, the market bounced back, indicating more buying pressure than expected, which has adjusted the speaker's bearish stance to neutral to slightly bearish.
• 📊 Technical analysis shows an all-time high followed by a decline, signaling selling pressure and a potential market top.
• 📅 The speaker notes the current market conditions in August, including seasonal light trading, recess periods, and a lack of significant news to drive the market.
• 📉 The speaker observes heavy volume on market declines and light volume on rallies, suggesting more selling pressure than buying pressure.
• 📈 The speaker provides a bullish pick (Abbott) and a bearish pick (Micron), with strategies for day trading and considering market volatility and potential economic data points.

Q & A

What is the speaker's perspective on the stock market's current state?

The speaker is neutral to slightly bearish, indicating that they see some selling pressure but are not overwhelmingly bearish due to the market's recent rally and lack of clear directional signals.

What was the speaker's last stock pick mentioned in the script?

The speaker's last stock pick was highlighted before their vacation and it was suggested as a short position, with the stock sitting at the 200-day moving average.

What is the significance of the 200-day moving average in the context of the speaker's analysis?

The 200-day moving average is seen as a critical level for the stock mentioned. The speaker believes that any market weakness could cause the stock to fall below this average, indicating a potential short position opportunity.

What economic indicators or events does the speaker believe could influence the market in the near term?

The speaker mentions that upcoming economic data points, such as the jobs report, and the Federal Reserve's actions, particularly regarding interest rate cuts, could influence market direction.

What was the speaker's reaction to the Federal Reserve's statement during the Jackson Hole Symposium?

The speaker was not satisfied with the Federal Reserve's statement, as it did not confirm a rate cut in September, which they believe the market was expecting.

What technical analysis does the speaker use to assess market weakness?

The speaker uses the S&P 500 chart, specifically looking at the market's inability to advance despite a bounce, and the potential to fill a gap and test the 50-day moving average as indicators of market weakness.

What is the speaker's view on the current seasonality affecting the market?

The speaker notes that it is currently a seasonally light period with many traders and even the Federal Reserve on vacation, leading to less market-driving news and activity.

What trading strategy does the speaker suggest for Abbott Laboratories based on the script?

The speaker suggests a long position on Abbott Laboratories, with a strategy of buying October 105 calls that are deep in the money, expecting the stock to move higher in a grinding manner.

How does the speaker approach trading Micron Technology as per the script?

The speaker likes Micron Technology as a short position, especially if the market shows weakness and the stock continues to display relative weakness, suggesting the purchase of October in-the-money put options.

What is the speaker's advice on managing trades during uncertain market conditions?

The speaker advises staying in day trading mode and focusing on short-term trades, with an emphasis on flexibility and daily evaluation of market conditions.

What tool or service is the speaker promoting for trading?

The speaker is promoting 'Option Stalker Pro,' a tool that provides trade signals which they believe will become a primary trade consideration for many traders.

Outlines

00:00

📈 Market Analysis and Fed Rate Expectations

In this paragraph, the speaker discusses their return to video content after a short hiatus and revisits a stock pick highlighted before their vacation. They analyze the stock's performance against the S&P 500 index, noting its struggle to advance despite the market's bounce. The speaker anticipates potential market weakness, suggesting a short position if the stock falls below its 200-day moving average. They also discuss the Federal Reserve's (Fed) stance on interest rates, expressing disappointment in the lack of a clear commitment to cutting rates during the Jackson Hole Symposium. The speaker reflects on recent economic data, market volatility, and the impact of mega-cap tech stocks' earnings on market sentiment.

05:02

📉 Technical Analysis and Market Sentiment

The speaker provides a technical analysis of the market, noting a significant selloff followed by a bounce that did not reach new highs, indicating selling pressure. They admit to being bearish but not acting on it significantly, and they detail the conditions they were looking for to confirm their bearish thesis, such as a bounce around the 50-day moving average. The speaker also discusses how the market's reaction to economic news and Fed statements has influenced their outlook, adjusting their bearish stance to a more neutral position due to the market's resilience. They highlight the importance of observing market behavior, especially during a typically quiet August, and the need for flexibility in trading strategies.

10:04

🤔 Market Direction Ambiguity and Trading Strategies

The speaker acknowledges the ambiguity in the market's direction and the lack of concrete news to drive significant movements. They discuss the market's dependence on Fed interest rate cuts and the potential impact of upcoming economic data points, such as jobs reports, on trader sentiment. The speaker emphasizes the importance of day trading and staying flexible in the face of market volatility. They also mention specific stocks, such as Nvidia, whose upcoming earnings report could influence market movement, and stress the need for caution in holding positions over earnings announcements.

15:04

💹 Stock Picks and Technical Trading Insights

The speaker shares specific stock picks based on technical analysis, including a bullish pick of Abbott Laboratories, which has shown resilience and a breakout above key resistance levels. They also highlight a bearish pick, Micron Technology, which has shown relative weakness and closed below its 200-day moving average. The speaker advises on trading these stocks with a focus on day trading and using options to manage risk, suggesting specific strike prices and expiration dates for potential trades. They also discuss the importance of evaluating daily market action and adapting to changing conditions.

20:06

🚀 Upcoming Tool Release and Trading Philosophy

The speaker announces an upcoming release of an updated version of 'Option Stalker Pro,' a tool designed to provide trade signals. They discuss the historical performance of the system and its reliability in identifying trends and directional bias in stocks. The speaker plans to dedicate a video to these trade signals, reviewing various charts and time frames to build trust among users. They also mention an upcoming live event and encourage viewers to subscribe to their YouTube channel for notifications on new content and live trading opportunities.

25:07

📢 Final Thoughts and Engagement Invitation

In the concluding paragraph, the speaker invites viewers to engage with their content by subscribing to the channel, turning on notifications, and liking the video. They also promote two additional videos that they believe viewers will find valuable. The speaker, Pete Sters, emphasizes the importance of continuous education and providing trade ideas to help traders refine their skills.

Keywords

💡Short Position

A short position in trading involves selling a security that the trader does not own, with the expectation that the price will decrease, allowing them to buy it back at a lower price and profit from the difference. In the video, the speaker discusses taking a short position on a stock that is sitting at its 200-day moving average, anticipating market weakness as a trigger to enter the trade.

💡200-Day Moving Average

The 200-day moving average is a technical indicator used in stock trading to identify the long-term trend of a security. It is calculated by averaging the closing prices of a stock over the past 200 days. In the script, the speaker uses this indicator to assess the stock's performance and potential entry points for short positions.

💡Market Volatility

Market volatility refers to the degree of variation of a trading price series over time. It is an important concept in finance as it indicates the risk associated with trading. The video discusses the recent market volatility, indicating a period of significant price fluctuations that traders need to navigate carefully.

💡FOMC Statement

The FOMC (Federal Open Market Committee) statement is a communication from the Federal Reserve that outlines the committee's decisions regarding monetary policy. It is closely watched by traders for its impact on interest rates and economic outlook. The speaker mentions the FOMC statement in the context of its lack of excitement and its effect on market sentiment.

💡Economic Releases

Economic releases are official data points published by governments or financial institutions that provide insights into the health of the economy. These can include employment figures, GDP growth rates, and inflation data. The script mentions that recent economic releases were soft, contributing to market sell-offs.

💡Interest Rates

Interest rates are the cost of borrowing money and are a key tool used by central banks to manage economic activity. Changes in interest rates can significantly affect financial markets. The video discusses expectations around the Federal Reserve cutting interest rates and the market's reaction to these expectations.

💡All-Time High

An all-time high refers to the highest price level that a security, index, or market has ever reached. It is a significant psychological and technical level in trading. The speaker in the video mentions the market's proximity to an all-time high and its implications for trading strategies.

💡Bullish

Bullish is a term used to describe a market condition or sentiment where investors believe that prices will rise. The speaker uses this term to describe his initial market thesis before adjusting it based on market movements and new information.

💡Bearish

Bearish is the opposite of bullish and refers to a market condition or sentiment where investors believe that prices will fall. The speaker discusses being bearish on the market, expecting a sell-off, but notes that the market's resilience has tempered his bearishness.

💡Day Trading

Day trading is a style of trading where positions are opened and closed within the same trading day. It is characterized by short-term speculation and requires active monitoring of the market. The speaker advises focusing on day trading due to the current market volatility and uncertainty.

💡Option Implied Volatility

Option implied volatility is a measure of the market's expectation of the volatility of the price of an underlying asset. It is derived from the price of options contracts and is used to gauge the likelihood of a stock price moving within a certain range. The script mentions looking for stocks with low option implied volatility for potential long positions.

Highlights

The speaker returns after a break, discussing their last stock pick and the current market situation.

The S&P 500 chart analysis indicates a potential short position if the market shows weakness.

The speaker's market thesis has been adjusted from strongly bearish to neutral to slightly bearish due to unexpected market resilience.

The importance of recognizing when a market thesis is incorrect and adjusting strategies accordingly is emphasized.

Seasonal factors and economic data points are discussed as they influence market direction.

The Federal Reserve's communication and its impact on market expectations are analyzed.

A detailed explanation of how to identify market weakness using specific technical levels is provided.

The speaker shares their bearish outlook based on market price action and the FED's statements.

The impact of economic releases on market sentiment and the potential for a rate cut by the FED is discussed.

The speaker provides a bearish pick and explains the conditions under which a short position would be taken.

A bullish pick is shared, with a detailed analysis of the stock's technical setup and potential for upward movement.

The concept of day trading in the current volatile market is recommended over swing trading.

A strategy for trading options in the context of the current market conditions is outlined.

The speaker discusses the importance of staying flexible and focusing on short-term trades given the market's uncertainty.

An upcoming release of a new version of 'option stalker Pro' and its potential impact on trading is mentioned.

The speaker invites viewers to a live event and emphasizes the importance of community and education in trading.

A closing note on the importance of subscribing and engaging with the channel for continuous trading insights and education.

Transcripts

hello Traders it is Sunday August 25th

and it's time for our weekly video I

took a couple of weeks off been a little

bit light on the videos recently much

rusted ready to go so let's take a look

at my last pick it came out during the

last event Wednesday D that's actually a

stock that I highlighted before I left

for vacation I still like it as a short

you can see in the right hand corner

this is a daily

S&P 500 chart spy if you will big Market

bounce what did the stock do yeah sure

it bounced a little bit but it is

sitting right at that 200 day moving

average it hasn't been able to advance

the last week when the market has

actually made nice advances so any type

of Market weakness I feel that the stock

is going to poke back below the 200 day

moving average that is where you would

be looking to take a short position but

we need to make sure that we have Market

weakness right now we don't have that so

how do you know if we have Market

weakness well at minimum I'd like to

take out the open from this candle right

here and that was

54888 let's call it 550 we need to take

that level out then we've got a chance

to fill this Gap and test the 50-day

moving average and AV weq so at minimum

we've you've got to get through that and

Dell has to get below that 200 day

moving average then I think you've got a

pretty decent short setting up so let's

get into market analysis right now and

we'll take a look at what's happened

over the course of the last month we've

had a lot of Market volatility here's my

takeaway we're going into seasonal

weakness right now we had this peak

right here that coincided with earnings

season after all the mega cap tech

stocks announced earnings what was the

market reaction

action it sold off we also had the fomc

statement that didn't produce any

excitement we also had a lot of economic

releases and they were actually quite

soft so the market sold off we had about

a 10% drop in a little more than three

weeks and then we got this big bounce

well that bounce was related to the

notion that the FED is going to start

cutting rates

pal said as much but the statement that

he made Friday during the Jackson Hole

Symposium did little to satisfy me if I

were go go bullish got to have it market

near an all-time high stock valuations

fairly stretched what I would have been

looking for out of him personally is yes

we are leaning towards cutting interest

rates a quarter point in

September that's not what we

got and I was a little bit shocked at

how well the market held up Friday

because what he said was the path is

clear what does that mean yes they are

more inclined to start cutting rates

that's no big surprise we already knew

that what are they going to hike rates

no they're at a pause right now so yes

of course the next natural move is going

to be to cut rates now that in inflation

is starting to Abate but simply because

inflation is abating that doesn't mean

that they're going to aggressively start

cutting rates they got it wrong the

first time they have been stubbornly

hawkish the last two years we've heard

the FED say we're going to stay the

course two years ago we're going to keep

raising rates and they did and the

market was actually looking for them to

pause two years ago in September they

got it wrong last year Year everyone was

looking for a September rate cut didn't

get it at best we got a pause in

November and that's what caused the

really nice Market rally that we're

currently in so now everyone's expecting

a fed to cut rates in

September economic data points they've

been pretty solid yeah we're seeing a

little kink in the jobs number uh the

last jobs number that came out yes last

last week we heard that there were

800,000 fewer jobs that were created

from the period from April of

2023 to M March of

2024 so yeah that's a substantial

decrease but it's kind of old news I

mean that's like six months ago so the

market took it in stride if anything the

market felt that hey this just puts the

FED one step closer to cutting rates in

September and from my perspective if I

look at the price action technically

we've got this nice all-time high right

here in a big decline off of that

all-time high okay that's a warning sign

that's a sign that there is some selling

pressure and that is also a sign that we

are not in go go bu got to have it mode

if we were that news would not have

sparked that level of selling the market

would not have dropped that far you

would have seen maybe a test of the

50-day moving average and then we would

pop right back and make a new all-time

high it's not what happened we got a

pretty considerable selloff now you know

that I've been fairly bearish over the

course of the last month or so but I

haven't acted on it to any large degree

I had some starter short positions on

before I went on vacation and i'

mentioned in my previous video here's

what I'm looking for I'm looking for a

bounce I'm expecting a bounce the nature

of that bounce is going to help me

identify the level of selling that we

currently have and I was looking for the

market to rest right around this AV vwap

Q level 50-day moving average mixed

overlapping candles struggle struggle

struggle struggle to get through just

can't get

through that's the type of price action

that I was looking for last week so this

bounce

absolutely was looking for it but we

didn't get that weakness here instead we

kind of flew right through it and the

market is within Striking Distance of

the all-time high we're about 35 points

on the S&P 500 from an all-time high so

this is not particularly weak price

action so my

bearishness has been tempered and I

often have people ask me how do I know

when my market thesis is wrong how do I

know when I need to shift or adjust well

this is a classic example of it get the

big drop we're looking for that back in

here we got a nice rebound it was taller

and quicker than we expected that tells

us that there's more buying than we

thought was out there and less selling

pressure so that means that you adjust

your bearishness and okay right now I'm

kind of neutral to slightly bearish

where before I was pretty dang bearish

if we got that resistance right in here

at the 50-day moving average in AV webq

and we started to roll over here I

definitely would have been taking some

swing short

positions under the notion that we are

going to test that 100 day moving

average with ease break it and perhaps

even test the 200 day moving average as

my thesis is proven correct I start

adding below the 100 day moving average

that's not what we got so I'm still in

day trading mode waiting waiting waiting

waiting Pete how can we be waiting so

long you have to bear in mind this is

August this is a seasonally light period

you've got traders who are taking

vacation time you've got Washington DC

in recess you have the FED in recess so

there's not a lot of news to really

drive the market right now one

observation is that on this market

decline you can see the volume was quite

heavy on this Market rally the volume

was quite light okay so that tells us

that there is a bit more selling

pressure than there is buying pressure

by the same token though you're not

going to lift off like this so let's say

that there's resistance asset managers

are worried about the economy we're

going to go into a recession

I need to reduce some risk here's what

you would see in that scenario you would

see this drop you'd see the bounce then

you'd see resistance here because asset

managers see this as a good place to

unload some more

risk so they're offering stock and

offering stock and offering stock and

that is why the market can't get through

this resistance level and that's what

tells you that when it starts to roll

over you should be favoring the short

side because you know asset managers are

looking to reduce

risk the fact that the market was able

to Rally tells me that these asset

managers are not that aggressively

looking to reduce risk we never would

have had this next leg higher last week

and even last week I had mentioned to my

members this week okay so we got this

nice little move here this breakout

above AV webq and the 50-day moving

average I didn't really expect that that

was going to happen I wasn't overly

positioned on the short side I'm just

looking for clues that the market is

weakening so last Sunday I said you know

I want to see during the week I want to

see us come down and test that 50-day

moving average and I want to do it

before

Friday because I don't think the FED is

going to to give the market what it

wants which that part is actually true

really was not a very convincing

statement that yes the FED is going to

be cutting rates in September absolutely

didn't indicate that they would be

cutting rates again this year no we're

going to sit back and we're going to

watch the data points and so right now

the market is kind of addicted to the

FED cutting interest rates

we also have economic data points coming

out and I think that if we see a weak

economic data point between now and

September so let's say the jobs report

comes out week in 10 days or so then yes

Traders could get a little nervous that

the FED is not going to cut rates and

then we could see a little bit of a

pullback but if the unemployment numbers

come in decent well then we're kind of

back in that well the market it's good

the economic activity is stable we're

kind of in wait and see mode again I

wish I had something more concrete that

I could tell you I really don't because

we wanted to see this nice big drop and

we wanted to see that resistance and we

didn't get it now we're floating higher

again and we're kind of in that neutral

malaise where don't know if we're going

higher don't know if we're going lower

who's going to win the election what's

the FED going to do

so we've got to stay in day trading mode

and so I'm going to give you a bullish

pick this week and I'm going to give you

a bearish pick this week but I wouldn't

be doing a lot of Swing trading I would

still be focusing more on day trading

because we've seen a lot of Market

volatility we know that buyers and

sellers are active we just don't know

which way the next move is going to come

if you had a gun to my head and I had to

pick one way or the other H okay I see

enough evidence that tells me that there

should be some selling pressure in here

we had this long red bearish engulfing

candle on

Thursday I was looking for some type of

negative reaction Friday especially

given the comment from Powell on Friday

we didn't get it we didn't get that

selloff we didn't get that follow

through but when you see these long red

bearish engulfing candles close to to an

all-time high yeah that tends to be a

little bit bearish so there will be some

that say oh wait a minute Pete you know

look the market rallied on Friday that's

good news now we should be able to

challenge the high and break out well

this is fairly common when you see these

long red candles just like this one

right here that we saw back in April and

then look at the next day oh that's a

nice green candle looks like the

Market's it's going to bounce right back

and then you get a little bit of follow

through the upside and retrace retrace a

lot of that red candle and then you get

the next leg lower it's very possible in

here in here and so with the FED being

in recess and with the market not

getting the warm fuzzy that it was

supposed to on Friday I think we could

see a little bit of selling pressure

this week that's what I'm going to be

looking for but every day is going to be

dayto day and I'm just going to evaluate

the price action see what happens

stick to my day trading try and find a

few good opportunities each day uh as

far as news we're in a news vacuum right

now the biggest economic release this

week is durable goods orders great big

nothing Burger there we do have earnings

coming out from Nvidia Wednesday that

will be big so keep an eye on that that

really is the biggest news of the week

we haven't seen Mega camp tech stocks

rally very much since announcing

earnings so are we going to lift off is

NVIDIA going to lift off after this

earnings

announcement I don't know I'm a little

doubtful I'm not looking for it to Rally

I'm not looking for it to sell off I

think we're just still in this Malay

kind of just March forward and see how

things play out so stay flexible focus

on the shortterm day trades maybe a few

overnights if you really see some good

intraday momentum that you think we'll

have follow through the next day so

let's go through and take a look at uh

some searches I'm going to go into green

Royal Flush I'm going to keep this video

fairly short I don't have a lot to tell

you I don't know which way the Market's

going to go so let's just go find a few

good stocks so I went into green royal

flush and by the way you'll see our buy

and sell signals on the chart sell

signal Buy signal on a daily chart we

pivot so you don't see any exits when

we're looking at shorter term charts you

will see blue exit arrows as well as I

go through the list here there's some

nice stocks GS is a nice little breakout

right in here I like that it's trying it

broke out through that little horizontal

resistance level it's within Striking

Distance of the high low also trying to

get through a horizontal resistance

level so that looks yeah okay Harry

highlighted 3M on Wednesday during our

live event we figured we'd give you a

long and a short because we don't really

have a lot to go off of with overall

Market Direction I like that breakout

that was a really nice pick by him but I

don't want you to think that we can't

find more than one bullish stock so I'm

going to keep looking and as I went

through the list all I'm doing is I'm

looking for a Buy Signal for our trade

signals across multiple time frames all

of these stocks have that

characteristic and there are many good

candidates actually in there I like

Abbott Abbott has a nice little breakout

through this horizontal resistance level

that is a high minus trend line it's

above all the major moving averages it

broke out came back and it tested the

200 day moving average and now it's been

able to continue to move higher this is

a not this is not a fast moving stock

this is more of a grinder but I do like

the fact that even during this market

decline the stock was able to hold

support it did not fall with the market

as soon as the market started to bounce

the stock had really nice upward price

action and it's through this horizontal

resistance point so has relatively low

option implied vola utilities so what

you would want to do on a stock like

this is give yourself lots of time buy

October options go in the money maybe

the 105 calls that's going to be a

surrogate stock position expect this

stock to chop around a little bit in a

tight range nothing drastic nothing no

big huge drops or anything and then just

inch inch inch inch inch higher and in

that scenario you're really just looking

for the market to kind of try spre water

here and poke and maybe test that

all-time high this week that would be a

good backdrop for Abbott as long as the

market doesn't have any follow through

where it takes out the

low from this long red candle and that

low is call it 555 as long as the Spy

stays above that Abbott's going to be a

really nice long position if I go into

our bearish searches I went into SMA

this is a

cross below the 50-day moving average or

below the 100 day moving average or

below the 200 day moving average so

previously these stocks were above those

major moving averages Friday the stocks

moved below those major moving averages

very effective search and so as I go

through the list here I'm just looking

for any of these stocks that are showing

me a nice attractive pattern some

technical weakness Micron is one that I

really like and you can see how the

stock did bounce with the

market much like Dell the last leg of

the market rally the stock did not

participate as soon as you get one

little bearish day in the market blam we

see some profit taking in Micron Friday

the market finished

higher stock closed below that 200 day

moving average so the way that I'd be

trading this and again this is a

semiconductor stock so day traded Monday

Tuesday Wednesday you've got to be a bit

careful because Wednesday after the

close you have Nvidia earning so it'll

really be up to you as to whether or not

you hold this stock position over that

earnings announcement but the more

important aspect is also what is the

market doing if the market is below that

555 Level on the

spy and if this stock is showing

relative weakness which it has been

showing for a very long time this is

going to be a nice short position and

you can go out and buy October in the

money put options uh last week I believe

I bought the 115 puts I think they were

somewhere around the

$10 6070 C range but the point is go

deep in the money give yourself lots of

time for the trade to work out so I'm

not buying weekly options I'm not going

into September options I'm going even

further out in time than that because if

the market cracks down I feel that this

stock will have more than just one or

two days days when you want to hold a

position you'll have perhaps even a week

when you'd like to hold a position and

you don't want to have time Decay

working against you if you go out in

time it won't be a factor so those are a

couple of Trades that I like I like

Abbot on the long side I like Micron on

the short side I think either one of

these stocks can be day traded depending

on what the market is doing in that

given day if we get a breakdown below

that 555 Level and if Micron continues

to show you some weakness then you can

go out and buy some puts that are in

October go out a couple of months or so

what would I do if the market broke out

to the upside we get through this

all-time high and we blow through it

well I think Abbott's going to be a

really good stock I think that Stock's

going to perform well and as I mentioned

earlier same type of strategy go deep in

the money on that one go to the 105

calls in October deep in the money and

look for it to grind grind grind higher

I would be more cautious on the long

side the seasonality the reaction that

we've uh seen to previous Jackson Hole

statements the fact that the FED didn't

give the market what I think it wanted

which is a definitive yes we are cutting

rates in in September all these things

start to kind of pile up this long red

candle right here below the alltime high

these are warning signs so I'm a little

bit more bearish but not overwhelmingly

so thanks so much for watching everyone

we're going to be trying to Rel release

a new version of option stalker Pro this

week I should just flip through a bunch

of charts but uh you can see there's a

nice Buy Signal here here nice sell

signal here uh S&P 500 let's kind of go

into that we'll go into a 1hour chart

and you can see that would have been a

losing trade right in there but the

system comes back with a really nice

winner in here so you know if you go

back and look at how the system has

performed historically I think you're

going to be really impressed and excited

by the trade signals that we've got

coming out right now same thing on the

stock

uh if you've got a stock that's choppy

and it's in a compression a trading

range doesn't matter what indicator

you're using it's not going to be very

reliable you're going to get false

signals but this will give you another

level of confidence when you're trading

stocks that are starting to Trend

starting to show some directional bias

so I'll do a

video exclusively dedicated to these

trade signals where I'll go through

through various charts that you suggest

during the live event and I'll take a

look at multiple time frames I do not

want you to think that I am cherry

picking these signals are really

excellent and I think they're going to

become a primary trade consideration for

many of you but it's going to take time

you've got to build trust and really be

able to lean into these signals and have

multiple successes before you can do

that so watch for that we are going

going to be doing a live event on

Wednesday so when you're on the YouTube

channel please make sure to watch for

those Live Events and by all means if

you like the content click the Thumbs Up

Button subscribe to the YouTube channel

all of that helps us reach a lot of

traders who are also trying

to hone their trading skills and get

better and that's my ultimate goal is to

reach as many of you as I possibly can

thanks so much for watching we will see

you

Wednesday thank you for watching this

YouTube video I'm Pete sters and I'm

going to keep the trade ideas coming

along with lots of education so make

sure to subscribe to the channel and

please turn on your notifications so

that you never miss another trade if you

like the content please give it a thumbs

up I've loaded two other videos that I

think you're really going to enjoy stay

tuned we'll see you soon