Check out EVERY trade Nick has sold with his members right here…
Get all of Nick’s Options Swing Trades here <<>> Get all of Nick’s stock swing trades here
1. Today is options expiration for October. This is usually a quiet session after the first couple of hours of trading. Next week, the markets get back to real trading action as most of the institutional game playing is over. Nick’s favorite day of the week. Next week it’s back to normal.
2. Right now, the major stock indexes seem to be holding up really well, but there is election risk that is still in play here so use a little caution going into the election. Dow up 211. Russell 2000 up 3/4%. Nasdaq showing a little bit of weakness. Money going into financials. Energy still showing weakness.
3. Gold and silver, on the weaker side. Gold down $5 and silver is positive on the futures. Just a lot of backing and filling.
4. Election action in the markets is encouraging. Markets were down big on the open but turned around with the Russell 2000 up 1% on the day. Extremely tight range. Big moves with no follow-through. Digesting and consolidating. Caution is still the by-word. News not getting reported. Markets could still be volatile into the election and shortly thereafter. Watch the charts. News flow will be off the charts. Censoring in social media, Biden story, etc. More stuff is coming out. Get ready for explosive movements and revelations. The market will tell us what to do.