Archive Category: Max Profit Alert Archive

We have a “full boat” of positions in our portfolio, ranging from the bearish position on regional banks we established last August … to the bullish position on a Canadian oil & gas company we put on just last week. I’m not recommending any new actions to take today.

We covered a lot in today’s session, including an overview of our current positions in the Max Profit Alert model portfolio. We touched on the prospects for ROM, XBI, our two gold put option positions (GDX and HL) and our oldest position in the portfolio, our put option contracts KRE, the regional bank ETF.

Last September, I gave you a sneak peek and early access to my newest strategy, Infinite Momentum Alert. If you’ve taken me up on my offer, I want to again say: “Thank you!” The initial response has been incredible and is a constant reminder of why I do what I do.

Our supercharged technology sector play is firing on all cylinders! Congratulations to everyone who followed my initial November 14 recommendation to buy call options on the ProShares Ultra Technology ETF (NYSE: ROM). We recorded, for our model portfolio, profits of +53% on January 18 and +113% yesterday.

As I’ve explained over the last few weeks, we’ll be implementing a new trade management tactic for Max Profit Alert in 2024… In the past, we’ve relied primarily on my “runners” strategy to manage our successful positions. That strategy involves selling partial positions as our open gains increased, effectively locking in profits once we’re up between 50 and 100%.