Hey Guys,
The market is at around the same place that it was when I emailed yesterday. So it hasn't given up any of its gains as of yet.
Each of the last four weeks has been a flip flop. This week was an up week, last week was a down week. And we had a pair of flip flop weeks before that.
Does it mean that we're due for a down week next week? Statistically speaking, seeing four weeks of flip flops doesn't provide us enough data points to come to any meaningful conclusion about whether it's a bonafide pattern we can rely on. In other words, I wouldn't bet my money on anything that has only four data points of evidence. With that said, it certainly doesn't mean the market won't down next week. We'll have to wait and see.
There were no new trades yet today. But as you can tell from the watch list, there are finally a good number of tickers getting within range here. We've been patient for a long time waiting for trades to set up, so it's going to be fun once these tickers from the watch list start activating.
That NIO option yesterday did indeed end up closing for a profit. The stock position for NIO is still open and will reach its time limit in the middle of next week.
If you have any questions or feedback, I'd love to hear from you.