| |  | | Tuesday, October 12, 2021 |
| Bears See Speed Bumps for 2 FAANG Stocks Before Earnings
By Tom Gentile | Good morning, Power Profit Traders!
As many of you know, I'm all about the LIVE trading sessions, as I feel this is the best way to teach my strategies and interact with like-minded traders like you.
So if you missed my full hour of LIVE trading yesterday, don't worry -- Team Tom has queued up another 60 minutes of patterns and prices and pretty pictures for you at 10:30 a.m. ET today, right here!
It's especially important to absorb all the trading knowledge you can right now, because if you haven't noticed, the market has been a bit skittish lately... and I don't expect that to die down too soon.
As much as my Money Morning LIVE colleague Kenny "The Warlock" Glick is geared up to trade the volatility that comes along with earnings season (he'll be going over his strategy in-depth at 9:30 a.m. ET tomorrow), it can be scary out there if you aren't prepared.
After all, look what happened in Monday's session -- stocks were comfortably higher to start the day, only to roll over and end near session lows. I'm sure plenty of the new traders out there (lured to the markets by the GameStop Phenomenon of 2021, perhaps) got taken for a ride on the turn.
If only they'd watched experts like me, Kenny Glick, Chris "CJ" Johnson, Olivia "Voz" Voznenko, Mark Sebastian, Garrett Baldwin, Team Tom, and all of my other esteemed colleagues, perhaps they'd feel a little more comfortable before big banks kick off earnings season this week.
So today, I'll explain what I think may have been behind yesterday's reversal, and where short-term option bears are betting on speed bumps for two FAANG stocks before earnings.
Click here to continue reading today's Power Profit Trades newsletter.
Tom Gentile
America's #1 Pattern Trader
| Tom's Toolbox | Today's Watchlist is based on the Morning Report's Unusually High Put Volume tool. This data is updated after the closing bell each session, pulling specific stock options that generated - you guessed it! - bigger-than-usual put volume that day.
The Option column tells you which specific contract generated notable attention. One can interpret the code in that column as: Expiration Date (YYMMDD) - Type of Option ("P" for put/"C" for call) - Strike Price. Therefore, a code that reads 211015P46 would tell you the most popular contract that day was the $46-strike put option expiring Oct. 15, 2021.
The Morning Report tools from the Tom Gentile Suite app are free to Power Profit Traders - click here for instructions on how to use and download.
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| The most profitable time of the year starts Wednesday
 Day Traders know that Christmas doesn't come in December. The real magic happens in mid-October. That's when you get a real chance to consistently find plays that can double your money in a matter of minutes... Letting you take home a day's pay by 10 A.M. That's why Kenny Glick is hosting VWAP Locked & Loaded on October 13 at 9:30 AM ET. He's going to show you what makes the next few weeks special and how to play it for the maximum profit potential using only 1 indicator. Click here to confirm your attendance to VWAP Locked & Loaded.
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