TGIF – Dollar Blasts Higher on Easy ECB and Renewed Trade War Fears


That's a MASSIVE one-day move for the Dollar and it's putting pressure on the indexes and commodities but it's also a Quad Witching Expiration Day, when options and Futures roll over for the quarter, so we're not anxious to bet the indexes but I did put out a Morning Alert to our Members saying:

  • I'm liking Gasoline (/RBU8) long at $2.07 into the weekend with tight stops below.  I would think we can get at least a penny out of this one ($420/contract).
  • Coffee (/KCU8) holding up well against strong Dollar but often down into Monday.  Still, I'll take 2 and happy to DD now if they go lower.
  • Gold (/YG) still very laggy to /SI and I still like it long down here ($1,303) and it's a $300 loss at $1,300 but that's the stop if you want to play.  If /SI breaks over $17.30, we're golden!

As you know, we had a very successful Nasdaq short, making over $4,000 off Wednesday's Live Trading Webinar trade and yesterday we also cashed in Wednesday's Gasoline (/RB) short for another $4,000 gain so that's over $8,000 gained in two days from Wednesday's Live Trading Webinar (replay here).  We do these things every week folks for our PSW Members as well as the subscribers to the Options Opportunity Portfolio over at Seeking Alpha.  

Keep in mind that we only trade the Futures while we wait for our much more conservative spreads and hedges to pay off.  If we do those right, it's like watching paint dry waiting to get paid but the returns can be very, very exciting. 

For instance, our bullish play on the Carlyle Group in the Options Opportunity Portfolio expires today and it's in the money so we'll collect the full $2,500 for our 10 June $20/22.50 bull call spread we added on Feb 6th for net $1,450 – so that's up a nice 72% in
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