📈 Debt Ceiling Negotiations And Retail Data - Here's What's Happening

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🔴 WATCH LIVE: Stock Market News | May 16, 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, Tuesday, May 16

- Stocks lower as debt ceiling negotiations resume in Washington
- Treasury Secretary Yellen expects to avoid default
- New York manufacturing activity drops sharply
- Retail earnings reports from Home Depot (HD), Target (TGT) & Walmart (WMT) this week
- Today: April retail sales report
- VIX (Fear Index) up 5%

PLUS: How we trade these markets and our current positions

#todaysstockmarket #stockmarkettoday #stockmarket
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Hey you guys, just wanted to compliment you on your presentations. I've been with you two a couple of years now and have seen the improvement on your teamwork. Mark giving his analysis while Marcus highlights the chart works very well. Thanks again.

Bondibites
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Pains me to hear you talking about HD. I had my order in and decided to do a quick sanity check before submitting. But by then, it was too late and I missed the narrow window. Ouch! LoL. Oh well! Glad you guys got in on it at least. 🎉

jasonannable
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Great work as always Gentlemen! Also sold some puts on SU. GM looks like a great trade as well. Do you ever sell options on F?

jonathanlbaker
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Sold AMD 105 June 23 call thinking I would be safe from getting called away. Boy was I wrong. Not there yet but getting close. Traders are drunk on AMD. Went from low 80s to over 100 in about 2 weeks.

NomadJoe
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Hey Markus, awesome analysis as always, it’s been a real blessing finding your channel. I’m starting to test the wheel 💪🏼
Qq: Do you sel cc at your break even as minumum strike, or at your purchase cost as min strike? What’s your rule there?
(Same question for Mark if the answer is different)

abcdfgh
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Sold Remember that stock move much more price then sold calls you will loose 10 times more if stock will go down. Sold calls will not save you. Very very little help

alexzagariya