It was a mixed trading day today, but three alerts went off as the markets pulled back a little - especially the Nasdaq and growth stocks.
Value is still doing good, which is as expected this time of the year. Growth stocks still look to be in decent shape overall. Perhaps a few recent buys or adds are having some trouble, but that area of the market doesn't look especially damaged. The past few days have shown the value of being diversified. If you owned, say, ArcelorMittal, Wells Fargo, Burlington Stores and Lennar stock, Tuesday could have been a neutral or positive session for your portfolio, offsetting losses in various growth names.
Most of the times the less you do the better. Learn how to have patience. Let's get rich slowly.
Announcing the New Crypto Alerts
Introducing Crypto Alerts Channel in the Discord Server, is now free.
I will be providing clear entries, stop losses, and take profit levels for coin pairs on Binance.com.
*This is still in Beta, trade at your own risk*
I'm testing it out, so go small. I've been in crypto since 2011, ran a hedge fund, and day traded crypto derivatives in Asia. Get in and out of these positions as you see fit.
Positions this Week
$BTI +4.75% (Calls; Leaps)
$MA +2% (Calls)
$ETSY +18.8% (Calls)
$EBON +30% (Puts)
$AAP +34% (Calls) - beautiful bounce on my support
$AMZN (didn't get a fill)
$F (Will consider entry tomorrow)
$ABBV (will consider entry tomorrow)
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All of my options are up this week again. I'm not going so large on each position and I am having patience finding entry at support. The AMZN LEAPS still haven't filled, even though I've been trying for a couple of weeks now. I'll reconsider this tomorrow and try to pick something up before AMZN continues on its historic run.
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AMZN just bounced at my YTD VWAP and now it is time to pick up some LEAPS. Having trouble, but will be getting them. They are to cheap to pass up right now. Remember, the vertical spreads are $1k-$4k.
F bounced on its support as expected. The company is going in a good direction and has apparent ties with the current administration. I am excited for the F-150 Lightning, and I believe it will sell. Assuming F holds this support level, it is a low risk play.
ABBV, a major pharmaceutical company, has also bounced on my support. The stocks increasingly does well going into the winter, so based on the seasonality from Trend Spider, this could be a good chance to take a position.
If you want to know more about specifics on my option and stock picks, please join the Discord and become a VIP member. Usually my VIP members will at least make a 1 year subscription fee in the first week.
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