Three Discord Alerts went off today as the Dow had the worst session in months! I always buy and support and after that question we are wondering if the stocks will hold or drop further.
I'm hearing a lot of talk about the Delta variant as the cause why markets are pulling back over the past 3 sessions. I'm not in the US or EU at the moment, but I thought everything was mostly back to normal. I know in Texas and Florida, things are going on as usual. Is this another scare tactic to get stock prices lower or is it just for the clicks and ad revenue? Time will only tell, but with the rate at which global citizens are getting vaccinated it seems strange to me that we will have another major Covid scare.
Nevertheless, industrials shouldn't be impacted, but leisure and travel will be. You guys know the drill.
$NAIL -9.7% (Ongoing Swing Trade)
$COIN -9.5% (Shares)
$TASK -3.5% (Shares) - Dollar Cost Averaged
$MS - +27% (Calls) - Closed
$DIS - +2.4% (Calls)
$BIDU -36% (Calls) - CUT
$RIG -30% (Calls) - CUT
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I cut the two call options that I had opened pretty quickly in the early hours as I saw everything was falling again. Markets falling, fear rising, volatility rising are all not good conditions for call options.
New Alerts Triggered
The MS alert triggered after a perfect bounce off of my strong support that Trend Spider had drawn out. I picked up some September calls and already closed out for 27% profit. MS hasn't failed me yet.
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$DIS also triggered today for some September calls. The stock sold off a decent amount and actually dipped below my 180MA support trigger. Luckily my contract finished up 2.4%. I'll be seeing if this one can appreciated a little more before closing.
Which of my followers are more interested in much more detailed, long form Fundamental analysis vs the shorter form, more frequent analysis that I'm currently putting out?
Lastly, $VTV triggered today, but it was late in the day. This is a long term hold and one which I would suggest DCA into. I've gone ahead and lowered the alert to a YTD VWAP (year to date volume weighted average price). Pick some up now, some later; there is not real rush as going into the end of the summer and approaching the notorious summer/fall cool off it is a good idea to hold some more 'value'.
I'm very behind in the 'Margin of Safety' book series on my YouTube, but I'm going to try and pick that back up ASAP.
I've also gotten requests for more detailed long form fundamental analysis. One report will take me at least a full day or two of researching and preparing a professional looking PDF. I'm ok with doing this and will personally enjoy it, but I don't want to stop the short form, alerts, book studies and my own personal trading/investing. Therefore, I will need to make them a paid only if I do it. As always, let me know what you guys think!
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