08/20/2024

Hey Trader,

The market is still showing bullish conditions, and we're back to trading breakouts!

Since last week, I've been pounding the table telling all my subscribers to GO LONG! My new upside target for SPY is 565.

I've also been crowned the "Space Queen" with our top summer pick, ASTS. We've been in this since $10!

My new upside target for ASTS is $50.

While momentum is stronger than ever, keep in mind we have Fed speak this week leading up to the Jackson Hole summit. Brace for some market mood swings around any Fed commentary. Jerome Powell, the big kahuna, will speak on Friday. That will determine whether we reach my SPY target sooner or later.

My next ASTS-like pick is RCAT. This little penny stock is getting ready to rock. My first target is $5. Come trade with us everyday at 3pm ET!

Mark is up next with an in-depth analysis on the market vs. volatility!

Market Moves and Volatility Spotlight 

By Mark Sebastian

The S&P 500 has fully recovered from the carry bomb two weeks ago… but volatility hasn't.

You can see this more clearly in the VIX Futures Curve.

This time last month, July was about to expire, so you can get a sense of how the different monthly contracts align.

The shocks from two weeks ago are still evident in the market, which is typical. Options markets tend to remain unsettled longer than equity markets, and sometimes for good reason.

Usually, there's more activity following a VIX spike like the one we just experienced. In fact, I can’t recall a time when things moved this fast.

At this point, I expect the VIX to drop to 13 or lower, but I wouldn't rule out another spike in the near future.

Join Trade to Close now so you can get in on the gains! We have a FREE TRIAL waiting.

We trade live every day at 3:00 pm ET… join now so we can see you there. 

Always be closing,

Olivia Voz and Mark Sebastian