Type to search

Options Trading Wealthpop News

Remember, Trend Is Your Friend…


– ETF Watchlist –

The rip higher the market has been waiting for finally took place last week and participants are overjoyed with perhaps validating the idea that we are back in the midst of a bull market. However, even if this is true, we can reasonably expect a pullback to occur after such a surge in prices across the board.

With this bull rally in play, we can continue to look at a past trade idea on QQQ or look elsewhere for a sector ETF that tracks the leaders of this rally, tech. This would bring up the XLK on our watchlist once again.

Technology Select Sector SPDR ETF (XLK)

The area of the market that is driving this rally is still what we want to keep on. That is why we continue to look to these tech names as for a bullish trade. When there is a clear trend in place, we do not want to fight it. As the old trading saying goes, the trend is your friend. As long as this trend is in place, we will not be stepping out in front of this run away train. Watch the full video below for more trade ideas and one other trade we are watching closely!

Join my Smart Trades options trading service today to see exactly how my students and I trade these types of scenarios! Smart Trades is where I teach my students how I trade options on some of the largest ETFs on the exchange. As you learn, you’ll get exclusive access to all my trades with notifications any time one is put on. Now, you can learn how many use this high-income skill to achieve financial freedom. Join today!

Good Luck With Your Trading!

Christian Tharp, CMT

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

  • 1

Leave a Comment

Your email address will not be published. Required fields are marked *


It's not goodbye, it's hello Magnifi!

You are now leaving a Magnifi Communities' website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.

Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.

Take Me To Magnifi