Archive Category: Max Profit Alert Archive

I wouldn’t be surprised if after last week’s stock market rout, you’re sitting there, looking at the four bullish stock positions we added in early to mid-February, thinking, “what awful timing!”

I use that term with hesitation since, like “interesting,” it can be something of a throw-away word.

The late-January pullback was something of a setback for bullish positions like ours. But so far in February it seems prices are recovering nicely. And unless I see a major shift in the market’s dominant trends — from bullish to bearish — we should continue to ride the current bull market and target market-beating sectors.

The first comes from the communications services (XLC) sector, which rose to a top ranking on our Leaders & Laggards Board on January 14. At that time, I shared with you how the options pricing for the communications services sector ETF (XLC), as well as a number of its individual stock components, like Facebook and Google, were expensive.

We exited two positions last week. That turned out to be well-timed ahead of the recent pullback in stocks, which on the surface appears to be driven mainly by concerns over the coronavirus situation in China.