 What is up everyone? Happy Tuesday, November 14th 2023 it's good to be back Drought was out in the woods for a Lot of week and we've got some green coming in looking all the green The 10-year treasury yield is down over 4% inflation month to month is 0% so with those CPI numbers We have a spike in the indices as well as most stocks S&P up 61 Nasdaq up 267 and The Dow up 392 morning bumblebee Once again, I had some success out in the deer woods It's a great time to spend out there get your mind cleared focused Good to be back favorite trails. Well, I mean, I'm deer hunting so I'm hunting with like a bow and arrow and We have multiple farms that me and my buddies hunt So I was successful On was it last Wednesday That's Wednesday evening put a big boy down with bow and arrow You know, I used to have dogs when we would for pheasant hunting not for deer hunting, obviously, but But yeah, I used to used to do a lot of pheasant hunting growing up with dogs But I'm not a lot of pheasants around anymore. I'll post to see see if I can Find my There's the bell So we can find my picture at least one of them anyway. There we go It was the big boy got Wednesday last Wednesday evening gonna feed us for the entire year Yeah, he was a good one. He was a good one. Thank goodness for a well-placed arrow Saw some great sunrises and sunsets As always He weighed about 200 pounds field dressed So they waiting when I took him I take him to the meat processor and they will make jerky burger Steaks all kinds of stuff great thing about getting burger as they put It's 60 percent venison and 40 percent beef They add beef to the burger at a dollar and they charge a dollar a pound So you want to go to the grocery store. It's about seven dollars a pound for burger and I get it When I take my deer in for a dollar a pound Can't beat that The interesting see if these numbers Hold here if they come down we get an initial push down and then back up with the CPI data Yeah, no, I pretty much we pretty much only shoot big bucks But they got to be about four and a half years older bigger. If you look at the screen now, let me go to Yeah, there you go. I got my basement in screen now so I live in About five minutes from downtown Kansas City, but all the farms I hunter about an hour away So I only have to drive about an hour Makes it nice now. I'll be going through Columbia Towards the end of this week. I gotta go to Tennessee Never hunted wolves, but I do I do hunt coyotes, but there's no wolves around here Yeah, you know just get down to the woods man. I don't even have to harvest anything. It's just That's my one hobby is hunting So I'm gonna be just a little careful today, you know, these these CPI numbers have come out and you know I don't know what's gonna happen here. You've got some pushing down so Some pushing up Hogs, yeah, there's no hogs where I live, but I have been to Texas and South South Western Oklahoma to hunt hogs before I've done that It's amazing how much damage those hogs can do to a landowner's farms I'm glad I'm glad they're not on this far north As they can do some damage Second getting a second bar here. So yeah, again, I'm just gonna be a little careful in terms of my Position sizing may not go quite as big today Because of these CPI numbers. I'm just not sure what's gonna happen That looks like most of them flip green I was gonna say a lot of these stocks had Well, Apple's got red. There's a few here that have red bars, but I don't mean nothing here Yeah, it's just I'm just not sure how the markets are gonna react here with this This massive move that it had pre-market So just might be a little more careful with my position sizing. We'll see what kind of volume we're getting here Sometimes you have these these these days of these numbers come out. It's just it things can be a little funky You don't necessarily always follow rules like a target already has a big volume bar So keep an eye on that one Yeah, targets already there. So See if we can get a little bit of pullback and target have it I'll trade target a lot, but I have traded it before But I think retail is pretty positive here It's day We traded three days top expiration option chain 3DTE In target I would trade the 40. I'm sorry the 111 calls 111 calls Let's make that the 110 calls and you fill it for 15 Left without me. Let's secure to exit a volume runner. So if it good if the if the price goes So let me go back to we got a target here So if price pulls back past where this bar is they got the big volume bar So it means it would come down and then essentially go below this pivot. That's the exit. So you're taking a look at where Where's Look at the price bar the Corresponds to the volume bar that's bigger than the first and if price goes back and drops below that or if it's a downside volume Or if it pops up above where that bar was that? Yeah, I never got I never got filled in target At least not yet We see anything else or other big bars. Anyway, I do Yeah, so we wouldn't trade this because it has to be the same as the first one Okay, so you don't want to be opposite colors I have a feeling I'm gonna regret missing target Toss would take a look at us Yeah, but that bar is obviously green that first one if you look at the price bar So I'll go off that price bar too Let's stay away from now. I'm gonna cancel my target to I just missed it. It's pushed up That's unfortunate. Hopefully some of you got filled. It's probably pretty good fill bumblebee So you probably want to get out of half of that at about 415 and nothing really Taking my interest at the moment not seeing any good mighty 90s Target, you know, it's Has it really broke through that but it's not pulling back either here might break through Really what wish I could have got in down here below when it pulled back in this bar Yeah, not enough separation there for mighty 90. I got to see a bigger separation of volume pop I mean zooms a little bit better, but even that one Not really seeing the significant volume pop. I did enter a Reverse iron condor zero DTE trade So be interesting. Oh there Netflix has a that's a better mighty 90 in Netflix. I just noticed that Yeah, I don't know. Sometimes they're sometimes they're a little different But you can see how Netflix has a lot more separation here So if I would have saw that one I would have got probably got short right up here at this pivot Sorry starting to pull back a little bit But what's gonna be interesting is we're gonna get any continuation runners to the upside Where you know, you have an initial push up and then you got a pause and Then does it continue higher with it being everything being strong today? Yeah, like a target man Missed it. That happens now up for 20 NASDAQ up Almost 300 the Russell man. Yeah, it's up over three and three-quarters percent. I had a couple iron ducks on and the Russell that sure I can at least one of them close out for big profits Today way up to big profit So yeah, not not much going on here. I haven't gotten in a trade yet Netflix pushing back up here So I could maybe get in a trade in Netflix on a mighty 90 short Pushes back up to this pivot. I would trade the 450 puts Trying to get filled at four bucks bill at four bucks Netflix Mighty 90 for 50 puts and that's easy math The noting close to half at 440 so we'll look for two consecutive red bars there Yeah, not much going on these big that these big moves overnight or in this case in the morning not not always I Don't always provide opportunities All right came back down a little bit after a push up Home Depot had earnings before market open today It's up over six percent Met us pretty much in chop mode So is Microsoft and Apple Square not really going anywhere a lot a lot of really Tight ranges here today, even though they had that big move Netflix is about where I got filled Airbnb I was looking at going long on a Little continuation upside runner and it's already pushed up You get these big moves. You never know like will it be a pullback or will you have Continued upside and so that's why it's always it can always be a little tricky Just because it's a huge move overnight doesn't necessarily mean It's gonna continue that way when the bell open and when the market opens and so that's why Like I mentioned earlier, I'm just hesitant in terms of Being careful and that flicks really pushed up So you definitely could have got a better fill than I did Netflix. Come on. Give me some me some setups here Yeah, I mean, I mean Airbnb already pushed up So I wouldn't want to get long now after this push up and Netflix really pushed up Netflix coming up to another mighty 90 It's showing about another mighty 90 is a pretty tight range though I would add some Netflix if it comes out of it if it comes down to 360 I'm just looking for two red bars Target has pulled back a little bit Not seeing much here. Not many opportunities right now Video getting ready to come down to loads of day and square It's kind of three bar push up three bar pullback. I jump in some square here It's kind of a tight range though. Let's see what the options are like About a dollar Doesn't really excite me Yeah, just not much shaking right now Tight ranges and low volume. I do think Amazon wants to rip higher It's not really at a good entry, but I might jump in some calls in Amazon here 146 calls in Amazon Looking forward to continue higher filled at 175. It's the 146 calls And so yeah, I had this little pullback Looking forward to rip higher here Back up through highs as you know meta's looking like it's going through highs So kind of an early continuation runner Netflix I Gotta decide if I want to add or not because now would be the time to add But again sometimes these days man when you got I mean the Nasdaq is up 2% It's like is it just gonna rip higher all day It's where mighty 90 could really hurt you guys watching by you and it's just I mean these are big bars bigger than the first so this would be like downside volume runners and So the range is so tight. I'm just Not interested in by you You know, I like just want to see two red bar consecutive red bars that Netflix and I can rip up all at once You know, I kind of want to jump in target. It's kind of pausing. I think it'll probably rip higher But it's like it's such a tight range Build a 360 to add to Netflix. So I did add and so I Would close half every close half my position then after the ad at four dollars, which was my original fill That's how I do that. I need to look at Amazon and get an order in to close half The close half at $1.95 Amazon Metas just gonna take him wants to just push up man build at $1.95 In Amazon to close half come down Netflix just a little bit more Amazon just a little continuation to the upside it had a push up here It did have a little three bar pullback the third one went from red to green and everything else is ripping up So I was like, I think Amazon wants to go higher the Nasdaq is up 2% built at $4 Close half of Netflix came down to hit me there Thank you, Netflix and now we just need two red bars and a Netflix I'm gonna close another Amazon Build it to 10 to close a quarter of my Amazon. I mean, it's kind of early for a continuation runner But just because the markets are so strong and had this push up Had this little pullback. Yeah, I was kind of watching apples kind of kind of mirroring Apple. It was going up Same with Microsoft same with meta So I just figured it was gonna push up to at least highs of day Square was another one. I was looking at see how it had a little bit of a two bar pullback But she was Amazon It's just there's I'm not getting much in terms of volume Signals via volume. So I'm having to use price movement Like I'm not seeing any really good mighty 90s runners based on volume So I'm having a mood just today. I'm having to use price movement as a My main indicator So on a day like this, I'm not really looking to get short Unless I get a good indicator with volume, which is what I did in Netflix Reverse iron condors doing really good Which you can kind of see like there's just Netflix isn't moving a lot of these aren't moving much Futures though are still just kind of grinding higher so I have not put on a regular iron zero DTE iron condor because Today it had that one of the criteria is it has to have a point 25% gap up If you have that then you you put on the reverse iron condor instead of the regular which is what we did Yeah, I'm still in Netflix. It's um waiting for two red bars. Just waiting for two red bars. It hasn't really gone anywhere I got out of half On this push down and dipped just below the pivot and then it seemed like my thing is here with Netflix It's kind of setting up to be a continuation runner to the upside push up pause push up so I may just end up cutting it instead of waiting for two red bars In fact, I'm going to do that. It just it just doesn't doesn't look like It wants to come down much It stayed above this pivot And if I was honestly looking for an upside continuation runner, I would look for this a push up a pause Which it hasn't moved in the last like 20 minutes And then I would look for that for to continue upward. So I'm going to just close out of that Fill to 390 so I kind of I kind of went against the rules simply because And it could still produce two red bars. I don't know but when the NASDAQ is up 323 points I'm just not going to mess around with a short right now that when it looks like it might be setting itself up to Continue continue upward. I mean and now that I closed out. I'm sure it will produce produce two red bars Yeah, that's the way it always works, right fact since I closed it out I'm seeing some drops So that's interesting. Let's take a futures look Futures coming down just a little bit. So yeah, it popped right back up though Again, part of me wants to get long Netflix here Because staying above that pivot must see what it how it finishes here. I may get long Netflix here You got filled on something that I had Oh closed an iron duck my iron duck closed I had an iron duck on the Russell Booked beat profit. All right. So netflix We go with the 450 calls this time It's trying to get filled at 570. Did it really just push up like that right when I was trying to fill? I got an order in at 570 on netflix Got in at 5 Built at 570 Okay, so here's my plan in netflix if it but if it pushes below this consolidation, I would just bail on it for a small loss So to me this didn't seem like a very risky trade because If it pushes much below here, I can just bail on it. So it could be a quick trade If things start to flush here. All right, so netflix pushing up nvidia mighty 90. Yeah, it does have a little mighty 90 in nvidia. Yeah let me get Gotta get an order in on netflix So in netflix, I would close half If it's kind of come back down so So I got filled at 570. So I would close half at 630 Go ahead and get that in Don't like that it didn't it's come back down here darn it. I was going to push up Amazon coming down a little bit Hit highs of day. See I wanted to push through those through that pivot Things definitely aren't moving as quick as they had been So, you know netflix it kind of maybe might give the two red bars I was looking for when I had it as a mighty 90 Yeah, and vinnia I didn't get in that because it had popped up already Target you can see it's just flat lined So again, if netflix pushes down below where this consolidation is I'll just cut it it's not a lot of opportunities today with With this big big movement Free market with these numbers cpi numbers and then it just Has been very tight range with a lot of these stocks Yeah, so I would have gotten out of netflix about right there anyway Because that's the second red bar question is Will we see a continued upward? Amazon just not not going anywhere You know amazon may have a little two or three bar pullback and then it may rip higher, you know, that's just I would close it if it came down through this part right here where I got in Many stocks are doing interesting things like roblox is just bleeding lower Same with dcan g amd down to loads of day Huh netflix trying to stay above this pivot All the action must have been during the pre-market man because volume is pretty muted Volume is muted and so is movement just need netflix bust through highs netflix trying Yeah, I don't know These are the days that are really kind of Frustrating because it's like movement so muted Well, can netflix do it here? You know as i'm looking around here like i'm just not seeing anything else. I want to get into See look at target it might eventually here take off big push pause But continue higher that is the question So I'm not really seeing anything else folks. I'm just not going to enter any more trades probably on now netflix is coming down So if netflix pushes much through here, I would bail on it Man So i'm just going to call her a day here. It's getting close to 9 30 central end Price movement is so muted but I'll be back tomorrow. Hopefully get a little more of a regular market without a big overnight or big morning Push up or push down so I will see everybody back here tomorrow. Have a great rest of your day. Peace