Incredibly Rare Set Up To Trade

Posted by Joe Duffy | Aug 27, 2024 | Joe Duffy's Trading Advantage | 0 |

If you read this space at all, you know TLT (bond ETF) has been my major play the last couple months with subscribers in 3 different positions at once. It’s a rare occurrence where both probability and risk reward are skewed favorably at the same time. When that happens you have to hit the trade harder with more size. Perhaps TLT revistits the 95’s again in September. If so, start building a position with 2025 long dated calls.

As far as the stock market, expect pullbacks to be well contained as long as Nvidia earnings on Wednesday after the close are in the ballpark. Despite a lot of crash calls, in my opinion the market will have several scarry declines like the one in July before it tops in any major way. Right now it’s a stand aside event for me. I will still look to buy dips though, when we see another one.

Thanks,

Joe

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Joe Duffy

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