The broader market had two days of downside movement. Stocks are waffling today after falling yesterday. One of the stocks we played edged lower, giving us a loss. The other two stocks were up, but option pricing was down. Overall, I expect we’ll take a net loss this week. I’ll get into the details of this week’s trades in your Weekly Trade Wrap tomorrow.
Read MoreLet’s get right to it… Our system identified two ETFs and one individual stock that have pulled back over the last few weeks. They also meet the other criteria of our buy signal … and the pricing of their call option contracts is quite favorable.
Read MoreThe broader stock market hasn’t done much in the two days since Monday’s drop. It’s up today after falling yesterday. Two of the stocks we played edged higher, giving us likely small profits in our call options. The other dropped 1%, giving us a roughly 60% loss. I expect we’ll take a small net loss this week. Of course, I’ll get into the details of this week’s trades in your Weekly Trade Wrap tomorrow. For now, let’s exit our open positions…
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Read MoreThe broader stock market rally that began in mid-June looks like it has run out of steam. At last glance, the S&P 500 is down less than 1%, and the Nasdaq 100’s loss is nearing 2%. While the three stocks we played this week edged higher yesterday, they dropped lower today. That means we’ll take a loss this week.
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