Archive Category: Max Profit Alert Archive

In my alert, I mentioned that it’s too early to call a bottom. At least as trend-and-momentum traders, that is. I wrote in Wednesday Windfalls that I saw early signs of stocks “firming up” at around the mid-June lows. One reason is that about five stocks traded higher yesterday for every one that traded lower. (Aside: Tesla shares traded lower, sharply lower … but I’ll get to that in a minute).

Congratulations to all of you who followed my August 22 recommendation to make a bearish play on the Vanguard FTSE Europe ETF (NYSE: VGK). I love to hear your stories! So please write to me and let me know if you made the trade, at what price you entered, where you exited and how much you made. I saw more than 600 contracts trade for $7.20 or higher during the first three minutes of the day yesterday. With our recorded entry price of $3.60, we’ve taken a 100% profit on the first third of the trade! And I believe we’ll see even bigger profits ahead.

The Federal Reserve is meeting this week to determine its next move on interest rates. The market is pricing in a greater than 80% chance it’ll decide to hike rates by 0.75%. We shall see what it does and how the market responds. It’s anyone’s guess. We aren’t “Fed-watchers,” anyway.

As I shared in my portfolio review video last week, we’re holding six open positions — four bearish and two bullish. I still think that’s the right mix for the moment. We’re in a bear market, after all. Outside of the iShares MSCI Spain ETF (NYSE: EWP) put options, we aren’t seeing our portfolio pay out yet. Four of our six open positions are down, to varying degrees.

Log In Enter your username and password below USERNAME OR EMAIL PASSWORD Forgot Password?Register Remember...