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Silver Bullet Express (01/17/21)

Greetings to all Subscribers:
Image result for stock charts

Welcome to the January 17, 2021 edition of the Silver Bullet Express. This is a weekly publication and its purpose is to keep you informed on current market conditions as well as our opinion concerning the overall market.

Last week, we continued Phase Three of our weekly training webinar. This phase is focused on advance trading techniques and strategies. During this phase, we will also learn how to apply everything that we have already learned when we trade. At the end of each webinar, we will have a question and answer section. You will also be able to ask questions during the webinar if there is something that needs more clarification during that time. You are encourage to write all of your questions down before each webinar in order to insure that you don't forget to ask them. This week's phase three training webinar will be held on Sunday, January 17, 2121, at 7:00 PM CST. If you have not already registered for phase three, you can do so by "Clicking Here". After registering, you will receive a confirmation email containing information about joining the webinar. PLEASE BE ADVISED THAT ONLY SILVER BULLET SUBSCRIBERS WILL BE ABLE TO ATTEND THIS TRAINING. THEREFORE, IN ORDER TO ATTEND THIS TRAINING, IF YOU HAVE NOT ALREADY DONE SO, YOU NEED TO SUBSCRIBE BY "CLICKING HERE"

This Week's Market Recap

Since our last newsletter on January 10, 2021, our Big Boys test indicates that the smart money, as it was last week, is mostly flowing into the S&P 500. The S&P 500 added 5,158 net bullish positions; the DIA added 347 net bearish, while the NASDAQ added 4,127 net bearish positions. As such, we will follow the SPY.

Technically speaking, looking at the SPY's daily, one year chart, the price action shows that it is trading in a bullish trend pattern with higher highs and higher lows.  As such, we're bullish on the price action. The RSI is hovering above its momentum line in bullish territory. However, the RSI is also doing a bearish pivot out of overbought territory. As such, the RSI is giving us a mixed indication. The MACD indicates bullish because it is hovering above its momentum line. Additionally, the MACD has just recently done a bullish cross where the slow line crossed above the fast line. However, the MACD Histogram shows bearish because it is  doing a bearish pivot. As such, the daily, one year chart is giving us mixed indications, leaning slightly toward bullish. We will withhold determination on the stochastics until we get to the intraday charts. 

We will now take a closer look at the 3 stochastics on the 20 day 60 minute intraday chart. On that chart, the slow stochastic and momentum stochastic are both doing a bullish pivot out of oversold territory. The RSI has also done a bullish pivot out of oversold territory, however, we must note that the RSI stochastic is currently doing a sharp bearish pivot back into oversold territory. This could be an indication of a bullish head fake. As such, we are mixed on both the one year and intraday chart.

This indication, coupled with the uncertainty of the potential violence during the upcoming inauguration, motivates us to stay on the sidelines for a couple of days, at least until after the inauguration. After the inauguration, we will focus on finding individual positions, both calls and puts, and holding them for shorter periods of time.

THIS WEEK'S (JANUARY 17, 2021) RESEARCH LIST

Positions                   

(1) BABA 243.46 +.48

(2) CVS - 76.26 +1.21 

(3) FDX - 252.56 -3.71

LAST WEEK'S (JANUARY 10, 2021) WEEK'S RESEARCH LIST

Positions                                           Week's High        Profit/Loss

ETF's

(1) QQQ - 319.09 +4.04                        317.53                  -1.71

(2) SPY - 381.24 +2.16                         381.13                  -.11

(3) ARKK - 142.47 +4.10                       148.01                 +5.54

Stocks

(4) ETSY - 175.74 +4.86                       221.12                 +45.38

(5) DOCU - 244.54 +5.51                      263.00                 +18.46

(6) ZS - 197.36 +4.32                            214.82                 +17.46

(7) EXPE - 143.99  +1.73                      146.41                 +2.42          

(8) CVS - 74.88 +.87                             77.23                   +2.35

(9) AMAT - 95.57 +1.00                         106.60                 +11.03

(10) TWLO - 360.26 +3.12                     399.29                +39.03

(11) SQ - 241.48 +1.97                          238.76                 -2.72         

(12) RNG - 387.95 -.87                       395.11               +7.16

Silver Bullet Open Positions

Last week we opened and close ETSY, ZS, and SQ all for a profit. We are not currently holding any positions at this time. As such, there are no charts to report.

Other Recommended Information

In order to be prepared for our training webinars, for beginners, we recommend the following:

Recommended Books

Wall Street Journal Guide to Understanding Money and Investing - Kenneth M Morris & Virginia B Morris

Wall Street Money Money Machine (Volume 1) - Wade B Cook

(Both of these books can be found on www.amazon.com for under $2.00 each)

Recommended Websites

OIC, Options Industry Council - www.optionseducation.org (Go to the Learning Center)

CBOE -www.cboe.com

Market Activity

Virtual Trading Account

Recommended Charts

Big Charts - www.bigcharts.com

Barchart - www.barchart.com (For Instructions on setting up Bar Chart Click Here)

YCharts - www.ycharts.com

Implied Volatility - IV Chart

Candle Stick Patterns

General Candle Stick Info.

Basic Chart Stick Patterns

Candlestick Reversal Patterns

Recommended Phone Apps

Investing.com

Yahoo Finance

Barchart.com

Glossary

Interactive Brokers Trading Glossary

Stock Fetcher Indicator Glossary

 

Research, Research, Research

Finding Option Positions

Option Trader's Check List

Live Market Activity

Unusual Options Activity

Most Active Options

Highest Implied Volatility

Option Volume Leaders

Change in Options Open Interest

Stocks With Biggest Price Change

Industry Heat Map

Upcoming Earnings

Maximum Pain Theory

Option Prices

Day Trading Checklist

 

Five Test to Qualify Option Positions

(1) Big Boys Test

(2) Chart Test

(3) Earnings Test

(4) Opinion Test

(5) Optionable Test (Go to the "Option Chains" in your brokerage account)

 

RSI (Relative Strength Index) Check List

Must have rhythm

Must be above 50 or attacking 50 from the bottom

Must have been increasing for the last 2 days

Must be pivoting at the tip

Must not be choppy

Showing a bullish trend when above the 50 line

Showing a momentum phase when crossing the 50 line from the bottom

 

MACD (Moving Average Convergence Divergence) Check List

Must have strong rhythm

Fast line must be above the slow line

Must be ascending

Must not be diving toward the 0 line

Showing a bullish trend when above the 0 line

Showing a momentum phase when crossing the 0 line from the bottom

 

In closing... I am looking forward to joining you on our training webinar this Sunday, January 1,7 2021, at 7:00 PM CST. Register for the webinar by "Clicking Here". After registering, you will receive a confirmation email containing information about joining the webinar. With that said, may all your dreams come true, and I will see you at the top. PLEASE BE ADVISED THAT ONLY SILVER BULLET SUBSCRIBERS WILL BE ABLE TO ATTEND THIS TRAINING. THEREFORE, IN ORDER TO ATTEND THIS TRAINING, IF YOU HAVE NOT ALREADY DONE SO, YOU NEED TO SUBSCRIBE BY "CLICKING HERE".


Training Team
SBX Newsletter Service, Inc.

Disclaimer

'The SBX Straight Options Strategy' (The Strategy) is a proprietary product. It's business category is- 'The Leasing of Intellectual Property. SBX is not a financial advisor or intermediary and is not regulated by any regulatory authority in the USA, Canada, UK, EU or the Rest of the World. SBX does not give any recommendation regarding the buying or selling of securities. You should always consult with a financial advisor before doing so. The material provided in this newsletter is for educational and informational purposes only. Using it is entirely at your own risk. Past performance is not a guarantee of future performance. SBX reserves the right to change or amend its Strategies, information, opinions and new subscription fees at anytime without prior notice. SBX makes no commitments, assurances or guarantees to make a minimum # of trading Calls in any given time-frame.

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