Tom’s Weekly Newsletter January 25, 2023

Originally published via our newsletter previously. Subscribe for early access!

Tom Gentile’s Partner Program 2023 – Gear up for a Great Trading Year

This newsletter’s front page and the Tools and Observation Page may not be for everyone as not everyone is a past Partner nor are they going to be able to be one for this year.

But for those that are we want to welcome our past Partners and all you who are new Partners for 2023.

This is my all encompassing program where all my mastery course (7 of them) for the year, my weekly training session and live trade sessions, my tools, my cell phone, ongoing live support during US market hours, a trader assessment call with myself or Mile Wade in 2023, and a Seminar at Sea cruise can be had.  

If you missed my live presentations on the Partner Program and want more info about this program email us at support@tomgentile.com.

It’s all about the education and this is the best of the best program I can offer as it basically has everything I can offer.  To your success in 2023!

Corners of the Market

SPY – SPDR S&P 500 

There was a time 400on the SPY was deemed a resistance level.

You can see where it broke above that level twice and formed a double type=type formation at 410. Well. Close to it as the farthest right top wasn’t a top at 410, but it did reach it on an intra-day basis and reversed down to close below it that day.

SPY fell to between 375 and 380 and has accomplished this latest leg up to stall again at 400.

We need more days of trade to see if that is going to become a true resistance again, but so long as the price of SPY holds above the ascending support line this may be a slight pullback and nothing more.

If it breaks that support well, then it becomes something more.

TLT – iShares 20+ Year Treasury Bond ETF

For you new students to Toms Trading Room.  One concept you will see referenced to a lot in these panels discussion of different sectors, or what I call ‘corners’ of the markets,  is what’s called inverse correlation.

This is an observation where when one sector / ETF is trading in a bullish fashion it may be at the expense of another sector /ETF and that one is trading in a bearish fashion.

In the case of TLT, which I use to assess my stance on bonds, is that when money is flowing into equities it may be coming out of bonds and vice versa.

Take a look at today for example.  It was a bearish day for equities (SPY), yet bonds (TLT) had a more bullish day.  Not that it closed much higher than it opened, but its long candle wick / shadow ./ tail, shows it tried to push lower but ended up bullish off its intraday low.

UUP – Invesco DB US Dollar Index Bullish Fund

USO – United States Oil Fund, LP

A Japanese Candlestick reversal pattern is called a Bearish Engulfing pattern and though there are multiple other reversal patterns *both bullish and bearish) in candlesticks, the Bearish Engulfing Pattern is what this looks like.

The past two days highlighted by the purple oval is what I am referring to.

This pattern typically happened at the end of an uptrend.

The day before the current day is bullish or bearish and it is followed the next day (today in this case) by a candle whose candle body (the red body on the chart) totally engulfs the trading range of that day before body.

The body represents the open and close for the day.  Not only did this reverse to the downside it did it in a manner that went higher than the open and close of the previous day.

GLD – SPDR Gold Shares

Tools and Observations

As a Partner there is a place you can go to in the tools for all the partner scans.

Keep in mind if you haven’t attended a Mastery just yet the scans are not active for you.  When the Mastery course comes about we will activate the scans that go with that course in week 2 of it.

From then on and so long as you remain an active subscriber to the tools you will have access to them.

To access the scans all on one page you can go to Home > Toms Partners and you will have the page(s) showing all the scans.  Again, once you have attended a Mastery the scan access will be available.

Here is an example of some of the scans for having Complete Trader access as part of the Partner Program.

Here is an example of a few more Mastery Courses and their corresponding scans to use to find opportunities with the scans of those courses.

Reminder:  We activate these for you once you are in week 2 of the course.

Typically, the first week is where we lay the foundation and concept of the course and strategies.

We don’t want people trying to execute the scans until we actually start training on that scan – which typically starts week 2 of each course.

One of the coolest features of being a Partner is you get access to what is called the Grid Scan.  Home > Tom’s Partners scroll down to this Grid Scan button and click on it.

What this does is allow us to click on the Search button and see ticker symbols of securities that meet the criteria of the multiple scans all on one page so we can then go research that security and the option that meets the criteria in a most efficient manner.

We can search and find which security meets the criteria of more than one scan to see which may help in choosing which one to track / paper trade since seeing it meets criteria on more than one scan may be the added conviction needed.

My team and I look forward to your participation in this year’s Partner Program.  We appreciate the trust you place in us for being your options trading education team and will do our best by you.