Archive Category: Max Profit Alert (Alerts)

We’re adding another long position to our portfolio today. But before I get into that… I recommend setting a profit-taking “trap” on our bullish position on the U.S. Global Jets ETF (NYSE: JETS) we added during the last week of June. We recorded an entry price of $1.62 on the December 2023 expiring $21-strike calls, and those contracts are currently selling for around $2.25, or just under 40% more than we paid.

We’re adding a long position to our portfolio today! The SPDR S&P Transportation ETF (NYSE: XTN) is firing on all cylinders, exhibiting both the longer-term uptrend and the near-term market-beating momentum we require of new bullish positions. You can see here it’s ranked No. 1 on the Leaders & Laggards Board-style tracker I maintain for industry groups.

The 2023 rally in tech stocks has been blistering hot. Year-to-date, the SPDR Technology Sector ETF (NYSE: XLK) is up 39%. Here’s a look at that fund’s top five holdings and their YTD returns: Microsoft (MSFT), +41%; Apple (AAPL), +48%; NVIDIA (NVDA), +199%; Broadcom (AVGO), +56%; Adobe (ADBE), +44%. I hope I don’t come off like a “hater,” but I just can’t fathom how these rates of return are sustainable. If Nvidia gains another 200% between now and year’s end, you can remind me and I’ll eat my words…

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I’m not recommending any new trades today. I’m watching a potential one, though… See, we currently have a small portfolio of “short” positions. That’s fine, and by design. Though I’ve been considering the value of adding a “right-tail” hedge. Right-tail, here, refers to the bell curve. Investors always worry about the left tail of the bell curve, where the very large losses show up.