There are competing factors that are causing the markets to move sideways for the past week. Despite awful economic data coming out, dark money is keeping liquidity in markets and has even caused a mini rally on Wall Street. But for how long? Listen as Nomi discusses comparisons to the Great Depression stock market that could impact your portfolio. Watch this video here.
Nomi Prins uses her proprietary momentum model to select options on companies from a pre-screened target list that also demonstrate discernible volume related activity to produce big gains within the day. The option trades, if appropriate, are placed either Monday or Tuesday and should generally be trading near or below $0.25 per contract. Exit limits are suggested along with the alert according to each reader’s risk tolerance and they are also advised to exit the trade before market close on the same day if those limits aren’t hit to mitigate downside.