BEST REVOLUTIONARY TRADE
BEST REVOLUTIONARY TRADE
Hi everyone and welcome to the Yellow Tunnel community, an aggressive short-term trading service dedicated to all classes of traders seeking to elevate their trading skills, market awareness and trading profits.
We’re moving into a crucial phase of the market where there is a two-week period before earnings season begins that can be very bumpy. The end of the second quarter rebalancing of the Russell 3000 and portfolio window dressing is done and now traders will be anticipating how best to trade off the fiscal stimulus news and progressively worse coronavirus news. It should make for a very interesting week ahead.
Against this more uncertain landscape, my team brings a daily dose of insights, detailed trading strategies, ongoing education and coaching to elevate our collective knowledge, trading instincts and provide a top-end trading experience for all our members.
NEW WEEKLY POWER TRADER SERVICE
We recently launched our new Weekly Power Trader service that we at Yellow Tunnel are very excited about. Each week on Sunday, our expert traders use out AI Tools to provide the Top Bullish and Bearish Stocks, each with an Entry Price, Target Profit, and Stop Loss.
Also, note that the Weekly Power Trader signals are meant to last for 5-10 days as long as the vector confirms the same direction as the original pick we use a target gain of 2% and stop as 2% of the stock price.
Signals have averaged over 75% accuracy in my live trading since inception. Sometimes we hold position 2-5 days by using options (selling OTM BULLISH PUT spread) and targeting 2% target gain and 2% stop loss using stock price. Green color should be interpreted as a bullish signal and Red color as a bearish signal.
CURRENT TRADING LANDSCAPE
So, we have been staying in Florida for a couple of days now. My in-laws have a condo here, but my sister in law is currently living there, so we rented an apartment from their friend nearby. We have been staying here for just two days and in those two days, we managed to scratch the wall, lose the keys, and crack the glass cooktop.
No one admits to doing any of these things, but the fact remains, we do not remember these issues being there when they moved in. My wife is now faced with the dilemma of either calling the owners as to inquire of the original condition of these items or waiting for them to call her once we move out and they come back to find all of these changes. My vote goes to being a proactive and responsible adult, but I will let her make this decision and face the consequences of dealing with her parents.
The short-term bottom is at $293 and potentially can be retested in the next two weeks. SPY longer term overhead resistance is at $323. The market has started the July correction phase, and can retest $275-285 level in the next 45 days.
I expect the market volatility and the two percent daily market moves to persist. SPY top is set at $322 and the market can potentially retest this level in the next 1-2 weeks. The Market can overshoot support and resistance levels when VIX is elevated. Short term support is set at $293. My strategy is to buy 10-15% market corrections.
Based on our models, the market (SPY) will trade in the range between $275 and $330 for the next 4 weeks.
Our AI-driven Seasonal Chart indicates downward pressure for SPY over the next 20 days, which would coincide with the vacuum of corporate news before earnings season.