FinTwit Aria Las Vegas
Over last weekend, fear and uncertainty were growing to intense levels regarding the stock market and where it may open, and close, on Monday. Though the SPY ETF has seen much larger one-day swings in very recent history, Monday’s range from $406.41 to 396.50 is significant in that we have now closed below the vaunted $400 level. A quick overview is that SPY has fallen 11.25% over the past month, 14.32% over the past six months, and–again, as of Monday’s close–16.37% year-to-date. Monday seemed to end with the Bear roaring strong. Tuesday had some Fed speakers making public comments, and the momentum seemed to favor at least a relief bounce starting in the early afternoon. As it turned out in the end, the last three days of this week featured CPI data coming in a bit lower than expectations, a wild ride down to the low of $385.15 on Thursday, and the week, ultimately, ended with a gap-and-go Friday rally to close above $401.72.
INSIDE THE BOX
This week was another busy week inside our trading rooms. Of interest, especially for those lucky enough to attend, is the annual FinTwit conference is in Las Vegas this Friday through Sunday, and BlackBoxStocks is a proud sponsor. This is a gathering of trading rooms, organizations, individuals, and companies geared toward retail trading and investing that is active on Twitter. It has been much anticipated for the previous months; therefore, a collection of our moderators, staff, and members have traveled out there to have a big time! If you see one of us, be sure to say hello!
Also, as mentioned many times in this blog, our education program is one of the proudest and most useful elements of our community. We teach a variety of stock and option trading courses throughout the week, and our education program is getting some excellent new upgrades. One difference that happened this week revolves around our Understanding Options Flow class. This is typically taught as a live seminar on Thursday nights. However, this week the class was offered during market hours. Members who registered and attended not only learned how to read and decipher options flow, but they saw our flow specialist moderator, Seven Star Mike, read flow live in real-time as it came across our proprietary scanner. This is a powerful new learning addition to our education classes, and more changes and upgrades are in the works. We will still offer our array of live-taught classes, and some new additions and formats are currently in development.
From trading as a team during this wild ride of a week to the FinTwit conference at Aria in Las Vegas, this week yet again shows the power of community and connection within the world of retail trading. Among other things, BlackBoxStocks members have moderators and experienced members discussing support and resistance, the latest market news, dark pool levels, options greeks, advanced selling strategies, futures trading, public sentiment, risk-reward calculation, risk management…and more. This is some of the information discussed in detail this week in our trading rooms on our website, our Discord server, and on Twitter. So have a great weekend away from the market.
And again, thanks for reading our blog! It is written and produced by a dedicated team of staff members who are ourselves active traders and proud members of BlackBoxStocks. Much more is coming in the future, so stay tuned, and Stay Green!