Saturday, February 27, 2021

My Options Trade Of The Day - Free

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The information provided by the newsletters, trading, training and educational products related to various markets (collectively referred to as the "Services") is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by Legacy Publishing, LLC ("Legacy") a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. Past performance is not necessarily indicative of future results. Trading and investing involve substantial risk and is not appropriate for everyone. The actual profit results presented here may vary with the actual profit results presented in other Legacy Publishing LLC publications due to the different strategies and time frames presented in other publications. Trading on margin carries a high level of risk and may not be suitable for all investors. Other than the refund policy detailed elsewhere, Legacy does not make any guarantee or other promise as to any results that may be obtained from using the Services. Legacy disclaims any and all liability for any investment or trading loss sustained by a subscriber. You should trade or invest only "risk capital" - money you can afford to lose. Trading stocks and stock options involves high risk and you can lose the entire principal amount invested or more. There is no guarantee that systems, indicators, or trading signals will result in profits or that they will not produce losses.

Some profit examples are based on hypothetical or simulated trading. This means the trades are not actual trades and instead are hypothetical trades based on real market prices at the time the recommendation is disseminated. No actual money is invested, nor are any trades executed. Hypothetical or simulated performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below. Also, the hypothetical results do not include the costs of subscriptions, commissions, or other fees. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity. Legacy makes no representations or warranties that any account will or is likely to achieve profits similar to those shown. No re presentation is being made that you will achieve profits or the same results as any person providing a testimonial. No representation is being made that any person providing a testimonial is likely to continue to experience profitable trading after the date on which the testimonial was provided, and in fact the person providing the testimonial may have subsequently experienced losses. The cost basis for some of the options in a portfolio may be reduced by rolling over profits at option expiration which is one of the Hughes Optioneering Trade Management Rules. Some income figures presented represent the total amount of option premium collected during the referenced period. Actual profits were less. Open trade profit results may have increased or decreased when the trades were closed out. Chuck Hughes' experiences are not typical. Chuck Hughes is an experienced investor and your results will vary depending on risk tolerance, amount of risk capital utilized, size of trading posi tion, willingness to follow the rules and other factors.

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Indexes Snapshot
Symbol Last Change %
Dow Jones Industrial Average 30932.37 -469.64 -1.52%
NASDAQ Composite 13192.35 +72.92 +0.55%
S&P 500 3811.15 -18.19 -0.48%
SPDR S&P 500 380.42 -1.91 -0.50%
iShares Russell 2000 ETF 218.49 -0.12 -0.05%
U.S. STOCK INDEXES

The Dow closed sharply lower for the second day in a row on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 30,863.07 would signal that a short-term top has been posted. If the Dow resumes the rally off February's low into uncharted territory, upside targets hard to project. First resistance is Wednesday's high crossing at 32,009.64. Second resistance is unknown. First support is the 50-day moving average crossing at 30,863.07. Second support is January's low crossing at 29,856.30.

The March NASDAQ 100 closed higher on Friday as it consolidated some of this month's decline but remains below the 50-day moving average crossing at 13,132.79. The mid-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this month's decline, January's low crossing at 12,491.25 is the next downside target. Closes above the 20-day moving average crossing at 13,444.55 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 13,444.55. Second resistance is February's high crossing at 13,900.50. First support is today's low crossing at 12,662.25. Second support is January's low crossing at 12,491.25.

The March S&P 500 closed lower on Friday as it extended the decline off February's high. The low-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 50-day moving average crossing at 3801.61 would confirm that a short-term top has been posted. If March renews the rally into uncharted territory, upside targets will be hard to project. First resistance is February's high crossing at 3959.25. Second resistance is unknown. First support is the 50-day moving average crossing at 3801.61. Second support is February's low crossing at 3656.50.



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These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

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