A lot to unpack here. Elections rolling out and a change in control of Congress could move the markets significantly. On top of that AMD is announcing earnings as we speak. One big factor that the elections will impact is the price of oil and gas.

It is arguable that a pending election suppressed gasoline prices and kept oil spikes at bay (we wrote about this in July) and regardless of the outcome, tomorrow will see both head up. This set up the trade we looked at this morning and we even got a chance at a bargain entry. Let’s see how it did.

USO moved up slightly but it is clear it is waiting to see the election results. That gave us what we will hope was a chance to get in a a bit of a bargain after Monday’s drop. The calls we looked at this morning inched up a bit from 9.65 to about 9.95 and we will see how they react tomorrow.

Gonna be a long night.

Keep learning and trade wisely,

John Boyer

Editor

Market Wealth Daily

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