Rutt Rohh and Website Update

Todays market price action was less than impressive, red every where you look almost, just like yesterday. Yesterday had more red on the screen , but today did not offer the ‘Turnaround Tuesday” I mentioned this morning
For the record, T.T. is not a real indication of anything it’s simply urban legend or stock lore for fun

GE missed earnings and in a big way. It sank like a rock
What now? Well first off we wait to see if it sinks any further
If it doesn’t we will look for any bounces…. Why? Great question you ask
GE sank 9% today, lets not pull any punches, that’s not good
What it did do however was land on top of the previous box which was former Resistance
That price area could very well become new support
If it does, IFFFFFFFFFFFF it does, then we will be look for shorter term plays back up to the 185 area. For stock and Options both. Currently price sits at 176’sh

If Goldman Sachs is right in their calculations, these types of trades will be what’s ahead of us for the next 10 years. Far less breakouts and trend riding, and more range bound activity

That’s not saying that breakouts won’t occur and new trends wont begin, because most likely they will. What it means is that we are setting up for less and less of them. And we here at theoptionscoach.net are equipped beautifully for those types of trades
Investors may need to adjust their styles to capitalize on the shorter moves

A while back we talked about the importance of keeping a Watch List and portfolio rotation or “rebalance”
With this stall in prices it’s time to take a look at that, to see which of our stocks may need to be replaced by possibly better performing ones on our W.L.
That will be happening this week

Website Update:
A few months ago I spoke of offering a website version. One where you could see the trades in one section, charts in another, and educational material along the way

What I did was I switched hosting platforms to the one I am on now. It is made specifically for newsletters like this. In that aspect it has been a success. I was told that they were in the process of offering a website version like what I want, and they were in the process of building it
The initial launch for that was supposed to be before OCT 2024
Here we are closing out OCT and I’m being told that it won’t be available until JAN or FEB of 2025
I have mixed thoughts about that
And that is not anything that is within my control
What I am looking at for now is offering a premium newsletter until the website is available
I will have more info on that here within this next week
To be a coach you need a team
That’s you guys
If there’s anything that you have any questions about don’t hesitate to reach out and I’ll see what I can share

TSLA reports tomorrow after the bell
Though it’s not one of ours it could be one that affects the markets
Be back in the morning

The Options Coach