New Trades The lack of new trades in an option trading service is frustrating for me too, but I'm not going to throw out trades for just for the sake of trading. There must be signal or pattern triggered, otherwise, you are just flipping a coin. That goes for TSLA too, and remember that the stronger the price surge is on Wave 1 Up, the stronger the surge will be after the first correction, as well as an interim Sell will be correcting the recent 100% run-up off of the $101 low in early January. TSLA - New option strategy? Just for fun this is the result of buying the cheapest 2025 TSLA calls at the most recent TSLA Short-Term Buy Signal (Jan 11). They were purchased at 3.30 ($330) and are trading today at 15.90 ($1,590) for a gain of 380%. This option strategy may very well be our best bet for trading the short-term model going forward. Stay tuned. Heads-Up: CPI Speaking of timing, next Tuesday pre-Open is the CPI report for January. The market should start moving in advance of the report, Monday at the latest, but possibly as early as tomorrow (Friday) or even later today. For our purposes, we have our triggers for new trades in QQQ, VIX and SPY. In addition, several individual stocks are entering Trend Model Sell Signal zones which will generate additional trades for the PRO Service. QQQ The next red down arrow should coincide with a break of the 300 support level and lead to a quick test of 290, then, make or break down hard. Expect the initial break down pre-CPI, but if the report is surprisingly robust (higher inflation than expected) QQQ could drop 50 points (or more) before March 17th expiration. VIX Nothing to see here...yet. Key Level is now a close above 20 and our trigger for the March 22nd calls is a close above 21. Big picture analysis says VIX's day is coming and the longer it takes to trigger a new leg up, the higher the spike. Meanwhile, we wait.
