Good morning Titans!
Ok wow! HOOD, GME, AMC, plus a host of other so called MEME stocks are back in action after Roaring Kitty posted a vague tweet that since appears to be taken down. At any rate, day 2 runners keep going today even as Powell speaks.
Powell didn't move the markets today, but if you were in 0DTE spreads, it was a difficult ride to say the least.
As you know, I've been trading the wheel strategy for a long time and this newsletter has only been out since Feb of this year so we're working on getting it to be aligned a little bit more with the trades that I do in my account each week, which are mostly powered by a wheel strategy algorithm.
However, over the past week or so I've paused that algorithm since the markets are at all time highs. So I want to wait, however! We don't wait too long and I explain one way to look at waiting for a stock to move to a price in this video trading the wheel strategy in Ford.
Ok let's get into it.