Archive Category: Max Profit Alert Archive

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

Of our five open positions, two are bullish: call options on solar contractor ReneSola Ltd. (NYSE: SOL) and our energy sector trade, calls on the Alerian MLP ETF (NYSE: AMLP). Three are bearish: put options on the iShares MSCI Spain ETF (NYSE: EWP), puts on the SPDR Technology Sector ETF (NYSE: XLK) and our Tesla Inc. (Nasdaq: TSLA) puts. We have more bearish positions because of the market environment.

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

My thinking and view of the market hasn’t changed much since the detailed review of our portfolio I shared last week. That means all we need to do this week is remain patient and see how the market moves our open positions. Of course, I’m always on the hunt for our next new position. The stock market has moved higher over the past week. This uptick came after a sharp move lower the week before. This “seesaw” (aka “mean reversion”) action is quite typical in a bear market. As we say, nothing moves in a straight line. The recent strength in stock prices means our bearish trades aren’t going our way for now.

I don’t recommend we make any new trades today. It’s been a month since I shared a detailed review of our portfolio with you. It’s time for another look at our open positions. First, let’s rip off the (psychological) Band-Aid and discuss our five “write-off” positions… As I explained in last month’s portfolio review, a handful of our positions are in deep drawdowns.