IWM boom shaka laka

We're cooking with gas now baby

Author

Jason Bond
November 02, 2023

Good morning,

We’ll do another training soon. Taylor will have a newsletter toward the middle to end of November. Details to follow. 

The new $2,000 Small Account Journey balance is off to a good start. Probably the last one before Christmas.

$3,297 $499 LIFETIME! Limited to 100 95 seats. 

I closed 3 wins Wednesday +38% on NVDA, +33% on IWM, and +37% on TSLA.

Results not typical. Trading is hard. Nothing is guaranteed.

Jason Bond Picks chat room is for subscribers only, other than events like the Taylor futures training. Plans are as low as $47. Learn more here.

The $164 IWM calls did very well Wednesday. I took home a nice profit. And if you held it, well, it’s in the $167’s this morning.

IWM has been a really good trader for me this year. I think it’s because I watch it so closely to determine how to trade my small caps. 

Results not typical. Trading is hard. Nothing is guaranteed. 

Maybe we should create an IWM options daily newsletter? Nah, for now let’s just increase the amount of these trades right here in Jason Bond Picks with plans as low as $47.

And how about those $200 TSLA calls? The stock was $195 at the time, it’s pushing $215 this morning just 2-days later. 

Glad we’ve got some options going in Jason Bond Picks. I was able to spot both of those not by looking at the charts but market internals. Tape, internals, and flow. I’ll be doing new lessons on each of those topics soon. 

AAPL is after the close today, that’ll definitely move the market. But as a whole I think we’ve avoided the IWM bear market which would have triggered at $159. A correction we can handle because it sets us up for a wonderful Santa Rally and January Effect. But a new bear market in small caps would have been brutal. Glad that’s avoided, or at least so it seems.

We have some economic data on the calendar but after Powell’s press conference Wednesday it would appear the market believes he’s suggesting rates have topped. 

10-year yield sure is coming down fast too, which will help small caps and tech stocks.

I think the coast is clear to start looking for some oversold small caps.

Leading my list is DDD, ANGI, FUBO, VERI, NRDY, BBAI, IQ, PTON, and BTBT. These would be 1-2 week holds looking for 10%+. If an intended swing goes up 10%+ the day I enter, I will close the trade.

On the options front we can start to look for black dot squeezes which would be continuation patterns and oversold stocks. I’d like to do $3,000 positions and look for 50%+ on the swings. Some names that stand out right now are CVNA calls, Z puts, and OLED calls. 

Momentum day trades on small cap stocks will be chat room only.

jason sig

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