New Trade Monday - Stocks Stay Calm Ahead of Total Eclipse

A New Conditional Trade with Potential for a $400-$900 Paycheck and Developing Paycheck Updates.

So far so good for the trading day ahead of the total eclipse.  The New York Stock Exchange Advance Decline line (NYAD) is within striking distance of a new high and the CBOE Volatility Index (VIX) is retracing its breakout above 15 from last week. Both are encouraging signs.

On the other hand, bond yields continue to test their upper range ahead of this week’s CPI.  Remember, a move above 4.4% on the U.S. Ten Year Note (TNX) would likely send bond yields higher, likely in a hurry.

As a result, even though stocks remain in an uptrend, it pays to be vigilant.  This week, I have a new trade featuring a semiconductor stock which is on the verge of a breakout and has the potential to deliver a $400-$900 paycheck.

In addition, time is running out on my CPI poll.  I’m interested in your views. Click here to vote.