Archive Category: Max Profit Alert Archive

I take my two boys to the barber once every month or so… Despite the fact that I’ve become skilled at cutting my own hair, their mom would rather them not have my ultra-short “buzz” cut. Leo is almost four years old, and Miles just turned two last month, which means the only way they’ll sit still for 15 minutes is if they sit on my lap. Suffice it to say, it’s quite the experience!

I’m going to keep this week’s update brief since I’m out enjoying some much-needed family time down in the Florida Keys, my old stomping grounds.

It’s been just over two weeks since that wild Monday when the yen carry trade “broke” and forced a bunch of overleveraged hedge funds to liquidate just about everything they owned. If you recall, contagion from that trade’s unwinding caused a wave of panic selling in the stock market. As of the close of August 5, more than 12 stocks trading on the New York Stock Exchange were lower on the day for every one stock that had edged higher — though intraday, the ratio of bearish-to-bullish stocks was closer to 25-to-1.

Thank you to the 75+ people who attended our monthly Max Profit Alert live session this morning! We covered quite a bit during the hour we had together. If you missed it, we’ve got you covered… Here are some highlights from today’s session:

It’s been 14 trading days since the July 11 Consumer Price Index report that effectively prompted us to jump into our two most recent trades… On July 11, I recommended buying the $41-strike calls on the Direxion Small-Cap Bull 3x ETF (NYSE: TNA)… Then, on July 23, I recommended buying the $41-strike calls on the SPDR Real Estate Sector ETF (NYSE: XLRE). As I write, those positions are now showing open gains of 75% and 9%, respectively.