Pre Market OCT 23, 2024

Stocks appear to be down in todays Pre Market but it I am writing a little earlier than usual. Futures are down that’s certain

Yesterday I gave a detailed update about the upcoming website
A few readers responded. One shared that through the info gained here at theoptionscoach.net he had his first ever $5,000.00 week in profits, and that was with stocks only, he doesn’t trade Options.
Another who is an active trader turned 40K into over 100K. Both seriously impressive feats.
Then there was this one, it touched me personally.

That one should of been signed “Super Hero” …. 8th Grade Special Ed Teacher…..

The blah blah blah noise we get from the talking heads on tv’ or articles that are biased can often dilute what we are all trying to achieve. That is to produce greater gains to better benefit our families and ourselves.
Last night I spent about 4 hours deep into the night with the charts, scanning for strength, reviewing Options Chains, looking at Short Floats, comparing new to old, stocks that are rising in price, stocks in industries that were out of favor but since rotated back in, stocks that are trying to break out of their bases.
At the end I came to 2 conclusions. And one of them is very very inspiring for our Model Portfolio which will be getting a rebalance this week

K or Coca Cola beat earnings, they said that charging more offset the higher cost of operations… What do they put in that stuff??? 🤣 
For a BRIEFFFFFF moment this morning GE popppped up like it wanted to knock out 179 before retreating back down. Currently it’s up 0.17% here in the Pre. We should watch that through the day to see if it tries to retake 179 which could be an entry signal of a turn back north
SN is up 1% hovering above 110
SFM has some beautiful Options activity going on right now, we will be revisiting that today. Also worthy of mention is that the DTE is now at 7.4….. For stock owners anything up above 5 is a good thing
Ohh almost forgot, MCD got McSlapped down on a recent report of Ecoli being inside the quarter pounders. That’s why I always make half pound burgers at home!!! 😁 ……. It’s now down over 6.5%

S+P Support is now at 5,850. More conservative investors may want to consider 5,800
Time to grind

The Options Coach