Morning Perspective

Friday Focus for Stock Options Traders at Option Millionaires

After a wild election swing, the dust has settled and the market sits at the cusp of a possible break to the upside.

Small Caps continue to surge higher.  When the market was pulling back a few weeks ago for 9 straight days, it was the small caps that began the decline.  And it was the small caps that began the recent rally.

$IWM $125 is the key level to hold today.


The VIX has fallen... will it get back up?  Or break down to 10?


The $SPY is flagging.


S&P500 futures are breaking out:


but the NASDAQ is lagging:

and bonds are selling off:


Clearly mixed signals out there.   Blue chips and financials are strong.  Tech and growth are weak.  Something is going to give.  Not all boats are rising with the tide.

Let's watch the VIX and small caps for continued leadership.

See you in the chat room.



Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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