📊Xbi shows weakness on the daily chart but has not broken down yet
📉We set up a strangle strategy in xbi to benefit from volatility contraction
🧪Copper is in an intermediate-term rising phase and forming a bull flag pattern
🚀We discuss the potential long opportunity in Freeport McMoRan (FCX)
💡The trade plans are based on cycle analysis, momentum indicators, and market conditions
Why did you choose a strangle strategy for xbi?
—We chose a strangle strategy in xbi because it benefits from volatility contraction and allows us to profit from a range-bound market.
What are the key insights from the weekly market analysis?
—The key insights from the weekly market analysis are the weakness in xbi, the rising phase in copper, and the potential long opportunity in Freeport McMoRan (FCX).
What tools and indicators do you use for trade planning?
—We use cycle analysis, momentum indicators, and market conditions to create trade plans and identify potential opportunities.
How can I apply these strategies to my own trading?
—You can apply these strategies to your own trading by analyzing the market using cycle analysis, momentum indicators, and considering market conditions. It's important to conduct thorough research and make informed decisions.
Can I use these strategies for other stocks or commodities?
—Yes, you can apply these strategies to other stocks or commodities by conducting similar analysis and adjusting the strategy based on the specific market conditions and characteristics of the asset.
00:00Introduction to trade planning with options and weekly market analysis
05:33Discussion on xbi's weakness on the daily chart and setup of a strangle strategy
09:03Analysis of copper's weekly and daily cycles and potential long opportunity in FCX
12:49Wrap-up and FAQs on the strategies and analysis presented
