Noise The news today is all about the Fed and interest rates, something that has become pure political theatre. Any effect on the stock market will be short-lived, leaving no reason to dwell on consequences of a rate cut, or lack thereof. Instead, let's review our top three performing option positions in the Premium Service, no excuses for traders not being in one, two or all three of these below: Top 3 Premium Service Positions RKLB briefly slipped to below its 50% trailing stop, but has recovered nicely today. Any decline below +200% should be used to take profits, all or in part, awaiting further deployment of proceeds. PLTR and AMD are both comfortably above their respective stops. PRO Service - Special Alert A new PRO Service Alert has been posted, but I missed the cut-off for email delivery. PRO subscribers please check PRO site for the new Alert: LINK CHARTS AMD One of the most frequently asked questions of new subscribers is, "Where do I start?" It's a trick question. First, by signing up you actually have already started, so kudos to taking that first step. As for where to enter any of our ongoing trades, we have a 15 year track record here and starting ASAP would have been the right answer at almost any time during this run. Conservative option traders (a non-sequitur if there ever was one) can wait for the next new signal, but you risk watching any of these three highlighted in this issue run to their respective higher targets without being on board. Maybe the best course is to take a small position in our top three and see what happens, subject only to our objective stop strategy: Risk is a -50% hard stop from entry, adjusted upwards as the option moves up. Once an option is up 50%, move that stop to break-even and once up 100% (or close thereto) it morphs into a 50% trailing stop from Best Return. RKLB Wave 5 Buy Signal - Pending PLTR For review: See July 26th, Weekend Update
