Housekeeping Update The payment glitch has been diagnosed and a remedy installed (Updating API Keys). Those whose recurring payments were receiving "Authorization Errors" will be billed again this weekend and I am assured all will go smoothly. If not, I will move the entire payment process to Shopify which hosts the website and is anxious for my business. ----- Weekend Update On Thin Ice Friday's market action in a few key market bellwethers is slapping red flag over the next few weeks with the potential for big returns if we time it right or even close to right. I would rather buy calls on select stocks after this window of vulnerability, even if it comes at paying up for those positions, but I don't think that will happen. Let's look at specifics: AAPL: 3 hour Closed at Friday's lows and RIGHT ON major trend line support. AMZN: 3 hours Spiked on earnings @ Friday Open and that my friends looks, acts and feels like a top. META: 3 Hour Future look of AAPL and AMZN? Does not bode well for general market. MSFT: 3 Hour Another sick looking market leader: Descending toward major support, if it fails, opportunity in QQQ puts spikes. NVDA: Hourly Wednesday--Friday looks like a classic Wave 1-2 Down, to be followed by hard down next week. we will see. The one bright spot, although not immune from a general market decline: On any upturn from here, TSLA should lead: TSLA Daily The December calls are still the best place to be bullish on TSLA. A month after the early October highs, the trailing stops may have kicked in to trim positions, but even still, if you have to buy anything, this remains at the top of my list. TSLA - Premium Service Active Positions Gold & Silver: Close, but no cigar The GLD Wave 5 Buy Signal of Aug 1st targeted $350+ (Now looks more like a Wave 3). GLD peaked so far at $403.30 on Oct 20th and has now retraced a Fibonacci 38.2% of the entire leg up from August. Is that all she wrote for correction? Maybe. A breakout above $370 would be a tempting trigger to dip our toes in with fresh calls. A 10%+ up-move is poised for GLD, SLV and NEM. I'm watching every day, but there still remains two lower levels of support at 50% and 62.8%. Stand-by for new calls. If still holding from previous Buys, you're obviously in it for long term. Best 20 YTD Options It's quality not quantity that matters. By jettisoning -50% losers we increase our odds of having a larger percentage of these big winners. I started an option study of YTD performance and was almost done when all of this web site payment mayhem started. As soon as it is finished I'll present my complete findings. For a taste, these have been our 20 best performers YTD, with performance numbers through October expiration. Notes: (1) The wide range of bullish AND bearish positions that made the top 20 list; (2) Double entries denote same position taken in both Premium & Pro Services This does not reflect the recent slam down in precious metals which took at some of those positions down to their trailing stop levels. Nonetheless, YOU GET THE IDEA, it just takes a handful of very successful option trades to make this entire trading mystery WORTH THE EFFORT for all involved, you, me, Chargify, Maxio, Mailchimp and Shopify...we're like a team, about to play the seventh game of the world series (my euphemism for Nov-Dec). Active Options PRO Service Premium Service
