BABA was back in favor today with a strong gap to start the session and nice follow-through into the close. The most outright way to play it is buying calls, but spreading your risk may be more appropriate for shorter time frames.
Transports have seen a sharp sell-off, but they held the first key area we were looking to for support. Now we just have to see if we can clear resistance and if we can, how we might play that for the next leg higher.
When the goal is income from the markets, it doesn’t really matter where it comes from. You just want to be aware of the right strategy to use at the right time.