As we dive into another week of trading, let's dive into the nitty gritty that you need to know to be prepared. Here are the important events this week: - Tuesday, Feb 18: President Trump speaks at 9:00 PM. Be prepared for potential market reactions. - Wednesday, Feb 19: FOMC Meeting Minutes release at 2:00 PM. This could provide valuable insights into the Federal Reserve's policy direction. - Thursday, Feb 20: Unemployment Claims are expected at 214K, slightly higher than the previous 213K, at 8:30 AM . - Friday, Feb 21: Flash Manufacturing PMI and Flash Services PMI, both expected at 51.2, will be released at 9:45 AM. Market Analysis: - SPY: The SPY has broken out of its channel to the upside, reaching a new all-time high, as we predicted last week. The short-term bias remains bullish unless a series of lower lows emerge. - QQQ: While QQQ has broken out, it hasn't hit a new all-time high yet. Given the current momentum, this is likely to happen soon. Trade Ideas for the Week: 1. INFY $21 Cash Secured Puts: - March 21 Expiry - Minimum .40/contract - You can wheel it if you're assigned at a lower cost basis, otherwise collect your close to 2% in premiums on this one. 2. Small Cap Gap on RXRX: - Gapped up on news of investments from NVDA. 3. Earnings Trade on U: - Reporting Thursday in the Premarket. - Watch our earnings video in the classroom for specifics on executing this one. Sector Spotlight: - Tech Sector: Trading above the 5 SMA for 9 consecutive days, indicating strong bullish momentum. - Semiconductor Sector: Similarly, trading over the 5 SMA for 8 days, showing upward momentum. Trading Strategies and Considerations: For those exploring different trading strategies, remember to visit our pro community for more information on: - Long Term Strategies - Day Trading Strategies - Swing Trading Strategies What to Avoid: 1. Stocks with less than 1 million average volume. 2. Stocks trading so low that options contracts are more than $1.00 apart.