Hey Traders, A cornerstone of President Biden’s election campaign was a promise to eliminate student debt. On Friday, the Supreme Court shot down his debt relief plan. SCOTUS disagreed that Biden has the authority to forgive loans for 40 million borrowers. Republicans had decried the fairness of the plan and its $400 billion price tag.…

The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide. Hey Traders, The S&P 500, as expected, did little to nothing on Monday’s shortened session. But now that the 4th of July is over and regular trading hours are back (and the extra day off is over), what should traders be looking…

Hi Shoppers, Check out my pitchfork in Apple (Ticker: AAPL): It has marched straight up after bouncing just before hitting that lowest support level on January 3rd. The top of the pitchfork is usually resistance and an area where the stock will rollover. Of course, it can also keep going and trade right on through.…

Hey Income Hunters, Investors are not demanding enough yield for US bonds. You want to buy long-term US bonds when inflation is turning into deflation. However, today, the government continues to spend, which will increase the budget deficit this year to $2 trillion.  This type of spending is actually building a higher base for structural…

Yo Pit Crazies, Right now, I’m riding a pair trade in Nitro Trader for Delta Airlines Inc (Ticker: DAL) and American Airlines Inc (Ticker: AAL). A simple pair trade is just a long side in one stock, and a short side in another. This is a strategy Mark and I employ to create market neutral…

Hey Influence Traders, President Biden believes that he’s “got a record to run on … [and that] we’re not only changing the country, we’re transforming the country.”  But most Americans, including many Democrats, are pessimistic about the economy and about the job the president is doing. A recent poll indicated that just 47% of Democrats under…