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Your Connection to Wall Street


Silver Bullet Express (11/27/22)

Greetings to all Subscribers:
Image result for stock charts

Welcome to the November 27, 2022 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.

This week, we are continuing Phase V Training. This phase signifies that we have now perfected our new day trading options system and we have updated our trader's checklist accordingly. This new system is designed to allow us to rely less on high win/loss ratio and more on hitting home runs within a few minutes during intraday trading. During this phase we are relying more on scanning software to provide us with the ideal positions that fit our new system so that we don't have to waste a lot of time trying to find them ourselves. We have programmed our scanning software with powerful algorithms so that it will scan for the most volatile positions that also have good volatile options prices. With this, we can look forward to more trading opportunities in real time throughout the day.

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 encouraged to write all of your questions down before each webinar in order to ensure that you don't forget to ask them. This week's Phase V training webinar will be held on Sunday, November 27, 2022, at 7:00 PM CST. If you have not already registered for Phase V, 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 November 20, 2022, we viewed the charts on all of the three major indexes, and they all indicated high volatility. But the best of the three was the NASDAQ. This is because it has the best rhythm.  As such, we will follow the QQQ.

Technically speaking, on the 5 Minute Renko Chart, the Price Action indicates that it is in a consolidation pattern, in a narrow range with short swings between bullish and bearish. However, on the larger time frames, we see that the overall trend may be bullish. As such, we're looking for the consolidation breakout to be bullish. Even though we will lean more toward a Call when we do get the bullish breakout, we can still do a Put on the next bearish pivot, but we have to understand that the Put leg may not be as long as the Call leg.

So, whenever the opportunity presents itself, we will look to do a Call or Put option according to the instructions above, and we will target a 100% return and look to hold that position no longer than two days. We will let the higher time frames dictate when to exit.

Other Recommended Information

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

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

Options Trading Journal

SBX Track Record

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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

TradingView - www.tradingview.com (For Chart Setup Click Here)

TradingView - (Second Setup Click Here)

TradingView Recording

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

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

Price Volume Leaders

New Checklist For Calls

New Checklist For Puts

Phase V Checklist For Calls

Phase V Checklist For Puts
 

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)

 

 

In closing... I am looking forward to joining you on our training webinar this Sunday, November 27, 2022, 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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