Real Quick

Friday Focus for Stock Options Traders at Option Millionaires

Something is different the last two trading days.

The market has been hitting record highs on a daily basis, but the last two trading days we've seen the VIX and VXX close higher.  Also small caps are pulling back.  When this massive rally began the day after the election, small caps were already leading the charge.

$IWM recently hit almost $140.  $SPY over $235.  $QQQ has been in a steady up trend

The keys for more continuation to the upside will be small caps regaining their footing, and volatility getting smacked in the face.  Both have yet to occur this morning.  We could be setting up for more negative action while the market digests its recent  streak of record high closes.


$VXX up two days in a row.

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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