 Good morning, everyone It's Wednesday December 20th 2023 got a little bit of red finally coming in Dow down a hundred and that's that down 36 in an S&P down 11 So everything down roughly a quarter of a percent Which you figure that had to happen at some point here. It's been We're crazy run upward here last couple months. So we will see if this continues today Or see if it's just all pre-market stuff and then Everything's gonna head back up into the green Bell's gonna ring here About 15 seconds Microsoft pushing up and there is the bell We got good PayPal Walmart starting in the green and Coinbase Intel Microsoft and Baba Then else red so we will see Where things go we we can get a nice runner volume runner like we did in Boeing yesterday Interestingly enough the VIX is down half a percent Futures kind of pushing up Amazon pushing up so got a little two-way action going on here and Surprised to see the VIX down like it is so kind of some wacky stuff going on here Everything's staying in the red so far in terms of the indices Baba pushing up. It's kind of looking to see What it looks like to enter a zero DTE iron condor here in the first five minutes, but Still not sound a premium The VIX being down We're in bubble B and getting our second Bar here now so we will see what type of volume comes pouring in more pushing up You know a few more stocks going green That says is your entry criteria for the OT Ah, yeah, I mean at the in the mornings most of the time and so If it's like midday it could be different and it is definitely different different during the last hour of the day So the exit criteria I just I scale out at 20 percent 40 percent 60 percent profits and then I've got that trailing stop at 75 percent that Of the price I got filled so it's just it's no different than what Steve teaches and zero DT course for the morning iron condor It's just the exact same thing Kind of midday. I looked it kind of it could be I just look at like maybe sometimes 25 points wide 30 points wide 40 points wide just kind of pens what kind of Feel like I can get I don't like getting in unless It's over five dollars of premium and the power hour is kind of like four dollars You picked I picked the strikes closest to four dollars and that's Exactly what Steve teaches in that power hour iron condor or straddle sometimes teachers pushing up High as a day Some big pushes up here now by some of these stocks Not really seeing anything Get a minute left. I'm not really sure what you're referring to their skywing. I Mean my charts have been like this right for three years honestly, so I Just they're just set up just like the course So I'm not real sure on that Yeah, it's been three years ago. So that I set these charts up So I it's not something I've revisited since I set them up. So I'd have to do some Yeah, it's not even an option. I'd have to go back into the settings And setting up the Orion charts Maybe maybe you're maybe you're thinking about thinkorswim Yeah, you're probably thinking about thinkorswim See this is the thinkorswim setup. So it's different. This is a this is Orion So you're probably thinking this this is what my thinkorswim does use on in 80 days So totally different broker Yeah, so I'm sure that something to do with it. I mean my my my thinkorswim is I mean, I'll pull it over here I mean, so yeah, but it's when I go into the settings. It's And time axis it is a set of 180 days. So Guessing that's that's the reason it's a different broker different settings. All right So no up no volume runners out of the gates. I'm just gonna be patient here Where's the mighty 90s here? Well, let's keep pushing up and see if we get some mighty 90 shorts on any of these Popping up already Nothing really FDX had did they get earnings? Yeah, nothing really nothing was shaking kind of a quiet day so far here Yeah, you wouldn't enter emu. It's bounced it It bounced before it got higher than that previous one. So You would only want to get in that if it had come all the way down Push in lows When it ended here square Trying to hold on here Man some tech stocks really strong here That's that still in the red No big volume bars really of any kind Never really seen that before Easily you know one or two Anyone posting trades? I would assume so we don't We don't have I don't have any trades yet. I've not seen a good setup yet and Netflix Just straight up square coming down if it comes down to this pivot I might go long and see if it can Mean it's strong today Up a little under a percent It's kind of holding above that pivot kind of what Boeing did yesterday Although Boeing did have a big volume bar Yeah, I mean I probably would play it as an upside continuation nice push-up. It's kind of pulled back It's pretty tight range, but still pushed up Come back down through loads Tesla pushing up and Netflix meta Apple Bite you. Wow flushing So square, I mean You could get in long here if it goes through the pivot then you could bounce on it Yeah, if I do that bar make it as big as the first So I probably wouldn't play that as a mighty 90 Roblox getting a bar as big as the first. I'm just gonna hang tight here for a second because You know the markets have been so strong Would not be surprised if some of these stocks pull back a little bit here in the morning And then maybe rebound a little bit Yeah, by these biggest first Just not seeing Yeah, Pete on downside volume runner if you want a small stock to trade used to trade Pete on all the time when it was Price tire hmm Tesla just shooting up Tesla Netflix just don't pull back whatsoever Just not seeing anything. I like at the moment all the indices still in the red But we have some things pushing Nasdaq though is getting close to going green So Nvidia push up pull back to yesterday's high Wondering if it was going is going to continue upward check and video here Morning Dax. Yeah, Bob. It's not enough volume separation there You need more separation off. You remember that. What was it? Nvidia yesterday how it had the clear separation. That's Those are the times to take those not when it's just barely bigger. So then you see a little two-way action here Got some pushing up some coming down Future is not moving much from at the moment and video was gonna they came back down to yesterday's high I was gonna look to getting long Amazon kind of hold on here So just just not any signals really in terms of volume No good clear-cut mighty 90s no good clear-cut runners volume runners Tesla and the bar is not gonna get as big as the first It's getting close so in video like look at a little Continuation up if it could come down just a little bit more hopefully doesn't leave without me here Big bar and Airbnb and video is kind of leaving without me. Take a look at Airbnb Let's see. So I might get short here Airbnb We using the two days to expiration option chain We trade the 143 puts Little to $1.27. So I had a little bit of a bounce there. I just wanted to jump in quick So NVIDIA is coming down now But I'm not so sure it might push through that Yesterday's high so I'm gonna keep an eye on that. I would close half of my Airbnb at I'm gonna close half right now here Fill it a buck 45 to close half. Yes, I'm gonna kind of I don't think I'm gonna take an NVIDIA now things might be getting weak here NNC's never went green as we had stuff pushing up. It's usually not a good sign once they turn green a green and and You know flip from red to green then you may be a little safer going long something like this It's just based off price action and not any volume and that is staying strong. Well We get out of another Airbnb here Little to $1.60 a dollar 60 to close quarter So nice flip there and Airbnb It's been a while since I've taken a downside volume runner That's news coming out Netflix just kind of hanging on same thing with Tesla meta is already going through highs So that's interesting Airbnb Kind of trying to pop back up here Okay, thanks up for Amazon's kind of holding on to just consolidating here. So Well, that's good or bad Roku kind of had a little mighty 90 there You see what that looks like and toss Yeah, pretty decent mighty 90 if I could have gotten filled down here. We'll see if it pushes back down It's a pretty decent looking mighty 90 and toss to But it needs to come down back through to Lowe's Okay, there goes. So Roku Gonna trade the 92 calls 92 calls in Roku. Ah Man pop back up. What are you doing? Come back down here. Yeah, it didn't come it didn't stay down long I'm not gonna chase it or be me trying to pop back up to Don't like that Roku I was trying to get filled like a buck 65 right in there Amazon pushing up cancel my Roku Yeah, it didn't come down very Long, I mean it came down touched and went right back up So sounds like some positive news appreciate you posting that Yeah, I'm still in Airbnb It's popping back up Nvidia Struggled when push up with some of these others not convinced we're not still going a little lower Not many good signals here today Yeah, but Netflix pushing down here. See how far goes Apples Apple and Amazon or what I would say really good consolidators right there So seems like oh Man, look at that S&P popped up now coming back down It's interesting Roku coming down. I still got everything on that. I don't I don't have the order in but watching the price 92 calls in Roku for that mighty 90 Yeah, look at meta try to jump in Roku here Builded a buck 70 in Roku. So I'll look for two volume bars that are green Consecutive Airbnb It gets above here be my cut point Square and I was real tempted to jump in square upside continuation Close half my Roku at a buck 90. So I guess technically I've our turn green for Roku didn't it's build a buck 90 B&B so roll back over for me Dang it. Dang it. Dang it should have went with my gut If markets were strong, I was gonna get in square, but they were weak. So I It really didn't come down to that pivot like I wanted it to either Get out of another Roku at 205 so Airbnb kind of popping up to where My exit would be so I'm gonna cut Airbnb Builded a buck 22. So gave a little back there meta mighty 90 Yeah, it kind of does have a little separation but Man, it's strong. So Gonna be careful with that one. I don't want to get myself in a one. That's and rip your face off mode Man futures have really pushed up Netflix Take a look at Netflix and Toss Yeah, it's not just even in toss like that separation You just got to make sure that there it can't just be barely bigger. It's got to be there has to be some separation If you go back and watch my video from yesterday, you'll see Nvidia you'll see the big difference Like I don't really trade the mighty 90s when they're just just barely separation I really only traded when I when I get that Real distinct separation a lot of times people will see oh, it's it's bigger than the previous Well, yeah, but like a couple ticks But that's not that's not The point of the mighty 90 the point of the mighty 90 is When you've got a clear volume pop that makes it separate from the previous one Hey, so Roku Gonna decide do I cut it I mean this one was red and That the last second flipped to green So I might I might wait just to wait and see what this next bar gives me so these stocks really aren't going anywhere Apple Amazon they're just gonna sit in there. Let's go mighty 90. Let me check that in Yeah, the mighty 90 in Costco, I would say that qualifies. That's good enough separation. See what those Prices are like kind of wide strikes. I guess they're not awful. Well 30 cents 40 cents. Yeah, so do not make a kind of stay away from Costco But if you like it take it right ah Roku coming back down and see that until now Let me guess Airbnb rolled over I don't know yet Yeah, I'm not always right though But is it a good example of how there's better Separation, I mean just as an example if you're kind of learning the mighty 90 It's definitely better than some of the others that you we've seen today So Roku technically should be out of it I got in down here at the bottom of this bar and then it popped up green So I wasn't really gonna count that one is green the thing with meta though, man That bar too was close to as big as the first Wouldn't be surprised to see a little consolidation here and then rip and if Roku looks like it wants to really come down I'll probably just bail on it since technically I've gotten two green bars Airbnb Kind of turn and roll over here. Maybe I should have Hell is a little bit longer Which is doing that future is pushing up towards highs of day Let me go ahead and close my Roku. Looks like it wants to come down here Build it a buck 80 so as a winner a monster winner by any means but got out of half and then Got out 10 cents higher than I got my original fill The Nvidia how it held and now it's popping up. I Was really cloning I was talking about getting long if it came down to yesterday's high You see how it Three times it dipped its toe below it and then pushed up. Yeah apples kind of consolidating here Dang it in video I've been a beast Costco's still coming down. Hey pal kind of consolidating as well Now let's see if it comes down. I Airbnb roll back over look at that Shucks did he am I 90s take peak on toss? Yeah, I'd say with toss or some distinct separation. So if it pushes Back up to where it got pushed down here. I might look to get short Amazon pushing through highs of day I wouldn't want to get in right here because they could push up against me We wanted to push back up Meanwhile the S&P and the Nasdaq have gone positive So square I talked about getting long did not do it Talked about getting long and video here did not do it Apple you could get long Apple here. I'm not going to but just because the range is so tight definitely Could go higher there There Costco finally bum pushed up PayPal I was also looking if it came back down to yesterday's high. I was gonna get long for Upside continuation looks like it pushed through that and Apple's still coming down a little bit Yeah, it's like NVIDIA. You know NVIDIA could give us one red bar then rip through highs too Because it kind of was setting up as a continuation to the upside So not not the best signals today Don't like to trade in hindsight, but in hindsight Getting in square and NVIDIA on continuation runners would have probably led to green trades Was a good out in Roku Sure got out a little sooner So Roku might have a mighty 90 long here see that Maybe giving us another mighty 90 Check toss here. Yeah, definitely another mighty 90 here. So Roku I would trade the 91 Calls build at 216. So another mighty 90 entry for Roku. I would close half at 235 little blocks going through highs of day PayPal got forced back down. It's interesting. My only concern with Roku is that it's one of the weaker stocks on the board today So it rolls over Could be I don't want to roll over. I want it to try to rebound here Sometimes like downside continuation you get this push down pop up push down pop up push down and so Don't want that to happen with Roku Meadow looks like it wants to get through highs of day Amazon not much green in Amazon. I'm sorry not much red. I mean and I don't I don't know I can't remember last time I took two mighty 90 longs with the same stock. It's such a quick turnaround It's a bold strategy cotton. We'll see if it pays off Future's trying to start to chop here a little bit now So Nvidia looks like it's working on its second red bar if you could have got in right at the top there Apple trying to push up see if it gets through those that consolidation or not a lot of chops starting to happen build at 235 In Roku well done Roku To hit my half, but if I get to mighty 90 winners Out of that tight range. I'm gonna laugh. Oh darn it That's right. It happens. I've done that many a times done that many of times NASDAQ Future's pushing up. I'll see I'll get out of another Roku at 255 Goog Thriving higher. Okay, so I want Roku just to bust through this Can I see where that? Green bar is where I got forced back down and if it can get through there That might run a little bit Tesla kind of consolidating underneath that pivot watching Roku. It's just like can I get through there or not every time it tries it? It's gotten busted down pushed down and as that's coming right up to a pivot. Well, not a lot of action today, but Got a couple Two green two winners and potentially a third winner here. So I guess I can't complain about that Ideally Roku could finish with a red bar here and then give me two consecutive greens after that Hey filled at 255 To close a quarter of Roku Yeah, Netflix has a little mighty 90 there. It's already come down though See Microsoft hasn't been able to bust through highs of day neither is Apple so you know Roku can't get through this and I probably would cut it. Yeah, for sure It's also got a gradual Descendant to I don't know if you can see that and so I don't necessarily like getting long when you see that so Amazon kind of more little consolidation kind of Trending upward a little bit and it finally busted out Meta consolidating Tesla kind of consolidating so it looks like looks like Roku is gonna give me my second green bar, so Probably we'll get out of it because it still Hasn't pushed through this consolidation area. I'm worried it's gonna See my videos come back down. I'm worried. It's just gonna roll back over So you gonna give it just a few seconds. See I give it like maybe this first minute here See Larry bumblebee Back tomorrow So I'm just giving Roku a minute here to see if they can bust through this my worry is it's gonna get forced back down here But I'm gonna give it a chance come back down futures really popping up here Nasdaq futures just just ripping up. Okay, so it looks like Roku is going to burst through here So I would get out of another Roku at 275 So just kind of taking this mighty 90 and letting it run now a little bit as things are getting strong I'm gonna try to close it out here Trying to hit the peak of this push on this one and then I'll close it out And I close it here for it retreats filled at 268 Close that mighty 90 So that it run just a little bit there. All right folks not in anything else so Not as much action today, but I'll take it and I will see everybody back here tomorrow So have great rest your day. Peace