Republican Kevin McCarthy Elected U.S. House Speaker

Republican Kevin McCarthy Elected U.S. House Speaker

The House of Representatives elected Republican Kevin McCarthy (Calif.) as Speaker in the early hours of Saturday morning. The tally was 216-212, with Democrats remaining unified in support of Democratic leader Hakeem Jeffries (N.Y.) and six Republicans voting present. The successful 15th ballot followed four days of votes in which 20 GOP dissidents united to deny McCarthy the required votes needed for speaker, arguing that McCarthy was not conservative enough for the position. The protracted speaker contest was one that has not been seen in modern times – not since the Civil War era has Congress required so many rounds of voting to elect a speaker.

McCarthy was eventually able to flip more than a dozen conservative holdouts to end the standoff by agreeing to many of their demands – including reverting the motion to vacate back to what it looked like prior to the 116th congress. This will allow any one member of the majority or minority party to offer a privileged resolution to vacate the chair. The holdouts also successfully demanded that the number of seats on the House Rules Committee be expanded, and that legislation be posted at least 72 hours before votes on the floor. After McCarthy took the oath of office, the House was able to swear in lawmakers and formally open the first session of the 118th congress.

House Rules Package and Legislative Preview

Republicans released their updated rules package on Friday, which is first on the agenda during Monday evening’s session. The rules package must be adopted by January 13 to process payroll for House staff. Text of the package can be found here and a section-by-section summary can be found here.

An additional eight bills and resolutions will be first to be considered in the House during the 118th Congress, including H.R. 26, the Born-Alive Abortion Survivors Protection Act which the sponsors state would prohibit a health care practitioner from failing to exercise the proper degree of care in the case of a child who survives an abortion or attempted abortion.

Expected Renewal of Public Health Emergency

The COVID-19 public health emergency (PHE) first declared in January 2020 and last renewed on October 13, 2022, is expected to be renewed this week by Secretary of Health and Human Services Xavier Becerra. The Biden Administration committed to provide states a 60-day notice before ending the PHE and in the absence of such notice, it is expected that the PHE will be renewed into April rather than end on January 11.

Lawmakers Probe Promotion of Medical Credit Cards

Sens. Elizabeth Warren (D-Mass.), Ed Markey (D-Mass.), Bernie Sanders (I-Vt.), Chris Murphy (D-Conn.), and Sherrod Brown (D-Ohio) are requesting information about potentially deceptive promotions of medical credit cards. The lawmakers sent a letter to Wells Fargo & Co. and Synchrony Financial regarding their credit card offerings intended to cover expensive health care services. “Patients – often under duress because of concerns about their medical care – are being pushed into and then locked into medical credit cards despite the availability of alternative payment options that might be more beneficial and offer lower interest rates,” the letter states. The lawmakers request a response from the lenders by January 12.

Stabenow Announces Decision to Not Seek Another Senate Term

Sen. Debbie Stabenow (D-Mich.) announced last week that she will not run for reelection in 2024. Stabenow currently serves as Chair of the Democratic Policy and Communications Committee and as chair of the Senate Agriculture Committee. She the most senior Democrat on the Senate Finance Committee after Chairman Wyden (D-Ore.). Stabenow was first elected to the House of Representatives in 1996 and became the first women to be elected to the Senate from the state of Michigan in 2000. Reps. Elissa Slotkin (D-Mich.) and Debbie Dingell (D-Mich.) are reportedly considering a bid for Stabenow’s Senate seat.

Boyle to Take Leave from W&M While Serving as Budget Ranking Member

Rep. Brendan Boyle (D-Pa.) will take a temporary leave of absence from the House Ways and Means Committee this congress, following his selection as ranking member of the Budget Committee. This arrangement is in keeping with that chosen by Sen. Chris Van Hollen (D-Md.), who served on Ways and Means Committee but was also chosen to lead Budget Committee Democrats during his time in the House of Representatives. Minority Leader Hakeem Jeffries (D-N.Y.) has approved Boyle’s decision.

Sen. Casey Announces Cancer Diagnosis, Expects Full Recovery

Sen. Bob Casey (D-Pa.) announced last week that he has been diagnosed with prostate cancer. He will undergo surgery in the “coming months.” Casey stated that he expects a full recovery and expressed his confidence that he will be able to continue to serve in the 118th congress with “minimal disruption.”

Republican Kevin McCarthy Elected U.S. House Speaker

The House of Representatives elected Republican Kevin McCarthy (Calif.) as Speaker in the early hours of Saturday morning. The tally was 216-212, with Democrats remaining unified in support of Democratic leader Hakeem Jeffries (N.Y.) and six Republicans voting present. The successful 15th ballot followed four days of votes in which 20 GOP dissidents united to deny McCarthy the required votes needed for speaker, arguing that McCarthy was not conservative enough for the position. The protracted speaker contest was one that has not been seen in modern times – not since the Civil War era has Congress required so many rounds of voting to elect a speaker.

McCarthy was eventually able to flip more than a dozen conservative holdouts to end the standoff by agreeing to many of their demands – including reverting the motion to vacate back to what it looked like prior to the 116th congress. This will allow any one member of the majority or minority party to offer a privileged resolution to vacate the chair. The holdouts also successfully demanded that the number of seats on the House Rules Committee be expanded, and that legislation be posted at least 72 hours before votes on the floor. After McCarthy took the oath of office, the House was able to swear in lawmakers and formally open the first session of the 118th congress.

 

House Rules Package and Legislative Preview

Republicans released their updated rules package on Friday, which is first on the agenda during Monday evening’s session. The rules package must be adopted by January 13 to process payroll for House staff. Text of the package can be found here and a section-by-section summary can be found here.

An additional eight bills and resolutions will be first to be considered in the House during the 118th Congress, including H.R. 26, the Born-Alive Abortion Survivors Protection Act which the sponsors state would prohibit a health care practitioner from failing to exercise the proper degree of care in the case of a child who survives an abortion or attempted abortion.
Expected Renewal of Public Health Emergency

The COVID-19 public health emergency (PHE) first declared in January 2020 and last renewed on October 13, 2022, is expected to be renewed this week by Secretary of Health and Human Services Xavier Becerra. The Biden Administration committed to provide states a 60-day notice before ending the PHE and in the absence of such notice, it is expected that the PHE will be renewed into April rather than end on January 11.

 

Lawmakers Probe Promotion of Medical Credit Cards

Sens. Elizabeth Warren (D-Mass.), Ed Markey (D-Mass.), Bernie Sanders (I-Vt.), Chris Murphy (D-Conn.), and Sherrod Brown (D-Ohio) are requesting information about potentially deceptive promotions of medical credit cards. The lawmakers sent a letter to Wells Fargo & Co. and Synchrony Financial regarding their credit card offerings intended to cover expensive health care services. “Patients – often under duress because of concerns about their medical care – are being pushed into and then locked into medical credit cards despite the availability of alternative payment options that might be more beneficial and offer lower interest rates,” the letter states. The lawmakers request a response from the lenders by January 12.

 

Stabenow Announces Decision to Not Seek Another Senate Term

Sen. Debbie Stabenow (D-Mich.) announced last week that she will not run for reelection in 2024. Stabenow currently serves as Chair of the Democratic Policy and Communications Committee and as chair of the Senate Agriculture Committee. She the most senior Democrat on the Senate Finance Committee after Chairman Wyden (D-Ore.). Stabenow was first elected to the House of Representatives in 1996 and became the first women to be elected to the Senate from the state of Michigan in 2000. Reps. Elissa Slotkin (D-Mich.) and Debbie Dingell (D-Mich.) are reportedly considering a bid for Stabenow’s Senate seat.

 

Boyle to Take Leave from W&M While Serving as Budget Ranking Member

Rep. Brendan Boyle (D-Pa.) will take a temporary leave of absence from the House Ways and Means Committee this congress, following his selection as ranking member of the Budget Committee. This arrangement is in keeping with that chosen by Sen. Chris Van Hollen (D-Md.), who served on Ways and Means Committee but was also chosen to lead Budget Committee Democrats during his time in the House of Representatives. Minority Leader Hakeem Jeffries (D-N.Y.) has approved Boyle’s decision.

 

Sen. Casey Announces Cancer Diagnosis, Expects Full Recovery

Sen. Bob Casey (D-Pa.) announced last week that he has been diagnosed with prostate cancer. He will undergo surgery in the “coming months.” Casey stated that he expects a full recovery and expressed his confidence that he will be able to continue to serve in the 118th congress with “minimal disruption.”

The Top Technical Indicators for Options Trading

best indicator for option trading

My testing shows that one of the most accurate indicators available on TradingView is the MOSES indicator, which I personally developed. MOSES combines several moving averages (MA) and uses price action percentage moves to tune entry and exit signals. This unique indicator considers the price data and historical market trends, momentum, and volatility to give traders more accurate entries. This indicator allows traders to analyze the volume at a certain price level, helping them identify areas of strong buying and selling. This gives traders an idea of where the most activity occurs, which helps them make more informed trading decisions. Additionally, the Volume Profile indicator can identify strong support and resistance levels that may not be apparent on a normal volume chart.

Bollinger Bands

Now, imagine you’re more interested in your most recent price changes than those from weeks ago—this is where the Exponential Moving Average (EMA) comes in. It gives more importance to the latest price data, which makes it more responsive to recent market moves compared to the SMA. Traders can enter a buy trade when the prices break from the upper band, and they can enter a short position when the prices break from the lower band. Chaikin Money Flow adds Money Flow Volume for a particular look-back period, typically 20 or 21 days.

best indicator for option trading

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MOSES is designed to work on a weekly timeframe and has high accuracy on broad market indexes, such as the Nasdaq 100 and the S&P 500. The price of a stock generally tends to revert to these points of value often, so people often try to fade the extremes of the value area. Ventura Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Baskets, ETF any other Third Party Products/Services etc. These are not Exchange traded products and we are just acting as distributor. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbritation mechanism.

What is a good VWAP?

TradingView also lets you set up alerts that will warn you of real-time price changes to help you make perfectly-timed trades. Unlike many of its competitors, Robinhood’s commitment to keeping the fees as low as possible ensures that you won’t have to pay the industry-standard per-contract fee. Beginner or a scarred veteran, an obsessive researcher or a man of action, options-focused or casting a wide net, a short-term trader or a long-term investor, Fidelity has plenty to offer. With its well-designed platform, access to numerous types of securities, and low costs, Fidelity might be the single best all-rounder when it comes to options trading software. Moomoo also offers a specialized options analysis tool enabling you to see the likely outcomes of your trades before you fully commit.

For example, after a breakout above the top band, the trader may take a long put or a short call position. Conversely, a breakout below the lower band may show you an opportunity to use a long call or short put strategy. To become a successful options trader, you are not required to learn any of this, but technical indicators can be a great way to provide context to best indicator for option trading what is happening in the market.

  1. It combines the concepts of intraday candlesticks and RSI, thereby providing a suitable range (similar to RSI) for intraday trading by indicating overbought and oversold levels.
  2. It’s always advisable to use combination of two or more indicators for a successful trading.
  3. This advertisement is for informational and educational purposes only and is not investment advice or a recommendation of a security or to engage in any investment strategy.
  4. On the flip side, an advanced trader might fall in love with Interactive Brokers.
  5. When the conversion line crosses over the tenkan-sen line, this is called a TK-crossover, and it is a buy signal.
  6. You will also know when the bear market is over and the new rally begins so you can start investing again.

A new trend may start after each close above or below the Supertrend indicator. Traders can use this information to identify increasing volatility in a stock because volatility is a day trader’s best friend. However, the ATR will not indicate trend direction; it will simply indicate the magnitude of potential price movements. The Average True Range (ATR) is one of the most established market volatility indicators on TradingView. This indicator considers both the magnitude and direction of price movements and expresses them as oscillators.

Forecasting Market Direction With Put/Call Ratios

The experiences of the influencer may not be representative of the experiences of other moomoo users. Any comments or opinions provided are their own and not necessarily the views of MFI, MTI or moomoo. Moomoo and its affiliates do not endorse any strategies that may be discussed or promoted herein and are not responsible for any services provided by the influencer. This advertisement is for informational and educational purposes only and is not investment advice or a recommendation of a security or to engage in any investment strategy. Investment and financial decisions should be made based on your specific financial needs, objectives, goals, time horizon and risk tolerance. U.S. residents trading in U.S. securities may trade commission-free using the moomoo app through Moomoo Financial Inc. (MFI).