Archive Category: Max Profit Alert (Alerts)

We have a new buy signal this week!

I’ll explain why I recommend a bullish trade on Canadian stocks later today, in your full weekly issue of Home Run Profits.

But first, let’s get into this trade!

Action to take: Buy to open September 16, 2022, $40-strike call options on the iShares MSCI Canada ETF (NYSE: EWC).

Today, I recommend you take partial profits on one-third of your position in the June 17, 2022, $35-strike call options on the iPath Series B S&P 500 VIX Short-Term ETN (NYSE: VXX). Following our “runners” strategy, we’re aiming to capture a profit of 50% or greater on this first profit-taking trade. “But wait,” you’re thinking, “didn’t we just get into this trade yesterday?!” Yes, we did … and I still owe you a full explanation as to why I recommended jumping into this position yesterday.

I’m pleased to share a new trade this week. For reasons I’ll explain tomorrow in Home Run Profits, I think another leg down in the stock market is likely. After locking in a monster profit on our bullish play on Chevron Corp., we have just two open positions in our portfolio. I still believe those plays — on the VanEck Vectors Gold Miners ETF (NYSE: GDX), and on oil & gas pipeline master limited partnerships via the Alerian MLP ETF (NYSE: AMLP) — will perform well over the next several months.

We’re making three trades total today. If you missed my email earlier this afternoon, click here for the full instructions to close out our call options on the Financial Select Sector SPDR Fund (NYSE: XLF). Now for our two other actions… We’ll take partial profits on an open position that’s off to a rock-star start already.

I recommend you make three trades today. This is your first action to take. Stay tuned for a trade alert coming shortly with two more actions to take, including a brand-new position! First, though, we’ll cut our losses on a position that’s no longer well-suited for the current market environment. I recommended a bullish trade on the Financial Select Sector SPDR Fund (NYSE: XLF) on February 15.