📈 Stocks Higher on Debt Ceiling Hopes

🔴 WATCH LIVE: Stock Market News | May 18, 2023 - Here's What You Need To Know:

📗 Want a FREE Hardback Copy Of My New Book “The Wheel Options Trading Strategy”

Here's what is happening in the markets today, Thursday, May 18

- Stocks higher ahead of potential debt ceiling resolution
- Indexes on track for weekly gains
- The Russell 2000 closed above its 50-day moving average for the first time since March
- Biden and McCarthy confident of debt ceiling resolution
- Walmart (WMT) gains on strong earnings report
- Regional banks continue to march higher after Wednesday's rally
- Jobless claims and Philly Fed survey out today
- Bath & Body Works (BBWI) jumps 10% on strong earnings report
- VIX (Fear Index) below 17 again

PLUS: How we trade these markets and our current positions

#todaysstockmarket #stockmarkettoday #stockmarket

[richardthorne]

Great job Mark on your comments on AMD, lots of people don't really understand strategies that you are using to generate income.

[petkuscinta]

Another great session. I agree with Mark that if 91.11 is break even 50cents is ok and plenty space for AMD to move down. But! that would be 100% correct if Mark would not be living out or premiums (money premiums out of account) so I wonder os 91.11 break even with living life premiums or keeping them (reinvesting)?

[danielsauerbrey]

How any positions in AMD ?, puts it in perspective

[dtsai]

The black swan event is the crash upwards! There was a double bottom if you zoom out and look at the charts. The stock market climbs a wall of worry and there is a lot of worry.

[manuelmalana]

Mark I’ve been watching your YouTube videos about options particularly on covered calls. I have a covered call on AI with a strike price of 30 to expire on 6/23/23. Is it okay for me to roll to a higher strike priice on an early expiration date?

[michaelwoods]

I have a very basic question. Is it really the case that stop limit sell orders are based on the bid price rather than the last trade? Vanguard rejected one of my stop limit sell orders yesterday because the stop was higher than the current bid price which was ridiculously low, very far from the last trade or the ask price for that stock.

[PardhasaradhiDoguparti]

My AMD cost is $108, and I sold 1 convered call for $100 for June 16, and currently I have around $652$ loss on contract since the buy contract price is around $1042$.
what do you think? since my break even passed already, will i get assigngment? if not what is the best way to get rid of covered call, so i can sell my shares or i can
start another covered call for above $108..thanks for your suggestions and it is great show and helping us to understand wheel stratagies

[brendanquinn]

The inflation target is 2%. Current inflation is 5%. Rates will continue to go up.

[NomadJoe]

I feel like AMD has become a meme stock 🚀 😂