August 2019 Monthly Trade Commentary

Alright, welcome everyone, it’s time to make some money. Without a doubt this market is very challenging, too many challenges to list in fact. History has been very much on our side for the month of August as reported in our pre-trade analysis. Monday’s of expiration week have been up 16 out of 23 times on average 0.4 percent, according to the trader’s almanac. We had a slight pullback recently that has shaken many of the market bulls as indicated in the AAII sentiment indicator that came out yesterday. We are in the third year of a Presidential cycle which calls for a resumption of the market uptrend starting next week. With all that said, I am going to take this head on and put out our plays at 3:30pm et for a buy as close to the close as possible today. I want everyone to know current markets can change on a dime so allocate accordingly. You will see a few new names this month that I feel will generate profits and a few old name not on the list for various reasons. Now, it’s time to make some money, good luck to all. If market conditions change significantly by 3:45pm et today we will cancel trades via this platform.