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This Week’s Watchlist: ½ Bullish, ½ Bearish

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AUG 7 2023
 
   
GUY COHEN’S MARKET MOVERS
Look Out Below
 

The major indices are trading around their 20 day moving averages and there is a good chance of a more meaningful retracement down towards the 50 day moving average levels.

This week, we're watching setups near the main Key Levels in both directions.

Here is this week’s watchlist:

 
 
Follow the money,

— Guy Cohen
GUEST POST: JACK CARTER
Why I’ve Changed Sides
 

If you know anything about me, you know that I’ve been a lifelong options seller.

It all started a few years after college when I was working as a stock broker far from my hometown of Gary, Indiana.

The holidays were getting close and I wanted to come home looking like a Wall Street big shot. (first big mistake)

So a stock broker buddy and I went half and half on a “sure thing” option.

Over the next couple of weeks, we watched as that “sure thing” option dwindled away… Going down, down, down… until it expired worthless.

That would have been bad enough, but I had a bigger problem.

That money was my only cash I had to get back home to Indiana for the holidays. (second big mistake)

I won’t get into details, but I ended up having to pawn a bunch of stuff just to make it back home for the holidays.

And I didn’t fly in like a Wall Street big shot. I had to take a bus back and face my family with my tail tucked between my legs.

In any case, I’m incredibly grateful for that experience. Because it changed my life for the better.

Ever since that happened, and I learned first hand how easy it is to lose money as an options buyer…

 
I’ve been a lifelong proponent of SELLING options.

The odds are infinitely better — it’s just mind boggling how much more consistent the wins are.

But recently my team shared some data with me that made me rethink everything.

I’m running short on time because I’m preparing for an event. So I don’t have the time to explain here…

But the good news is that I’m going to be live on camera with Roger Scott explaining all the details.

Long story short:

If you’re ready to target explosive triple digit gains, click here to join me as I share all the details.

Hope to see you there,

— Jeffry Turnmire
   
 

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