Conquer Chaos and Grow Your Account by 50% in 90 Days
Discover how we're leveraging the unseen to turn today's volatility into cool, calm profits - Don't miss the LIVE special one-time-only reveal with Don Kaufman & Brandon Chapman, CMT, on Friday, March 28th @10am EST. Space strictly limited - claim here... | | What to Do As Bitcoin Bumps and the Magnificent Seven Jump
by Brandon Chapman, CMT | On Friday, I outlined an important litmus test for the market. It was based on a series of option prints that came into Magnificent Seven ("Mag 7") stocks on Thursday. These large "Ghost Prints" are incredibly powerful when it comes to capturing profit potential - and you're going to be hearing a lot more about them at my special event this Friday. (You can RSVP here). | In case you missed me on Friday, here are the "Ghost Prints" that materialized on Thursday: | Apple (AAPL): 21 MAR 25 $215 calls bought Microsoft (MSFT): 21 MAR 25 $392.50 calls bought Amazon (AMZN): 21 MAR 25 $197.50 calls bought Alphabet (GOOGL): 28 MAR 25 170 calls bought Meta Platforms (META): 28 MAR 25 $600 calls bought
| The premise was that the market tends to revert to what previously worked off significant lows in the index. Clearly, buying Magnificent Seven companies has been an outperforming strategy for much of the past seven years, and you would expect them to be part of any major rally this time around. | While not a certainty, those Ghost Prints pointed to a very important level in the market. A level, if held, could create significant upward momentum in the near future. If the level failed, it could point to the next breakdown in the market. | Friday ended up being an important test for the market, and it passed. Here's what that really means… |
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