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What to Watch This Week, October 18th, 2021

Believe it or not, the Dow Jones is 1% from all time highs. Your portfolio, like mine, might not feel that and it is most likely because it is tech heavy. However, don't forget to balance your long term buy and hold portfolio with cyclicals, industrials, financials and all the other boring sectors that do well when tech is selling off. An easy way to do it is just buy the Dow Jones ETF (DIA or UDOW).

Today we will be taking a look at new, fresh alerts that I'll set for this week. On Monday night, I welcome you to join us on Zoom to share ideas and set more Trend Spider alerts with us.

Pro Stock Drinks will be on Monday at 10pm EST! It will be held on Zoom via a public link. Our community will be hanging out and talking stocks and investments. Last week we had a nice time, and I am hoping this week we can have a bigger turn out. If we can make that happen, let's do it on the reg. Let's share ideas with each other and figure out how to get rich by staying relevant. Let me know if you will be joining. Links will be shared on Twitter and Discord.

I'm considering calling this meet up Off Exchange Meet Up in stead of Ps Drinks. Let me know what you think.

But first let's take a look at DIA compare to UDOW.

From the high of September 2nd until October 1st, DIA fell 4.927%. Since then it is back up 4.492% in 15 days.

Interestingly enough, for its 3X counter part UDOW performed a little better if you would have bought the dip. It fell 13.798% last month, but has risen 13.872% in these first two weeks of October.

Now if you are like me and have already pulled out your calculators, you will see that this ETF is performing at 3.088X, not 3X. A miniscule difference, but dragged out over long periods of time is meaningful. By the way, where's the drag and decay people talk about? Take it as you will, I don't see a problem. Next week when Dow makes all time highs, let's see which is leading the way, UDOW or DIA.


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Options Positions


V +35%

DIS +18%

DAL -6.3%




SBUX is still taxiing down the runway waiting to take off. The longer it taxis the bigger it will take off. Seasonality improves into November, so I'd get into a EOY call if possible on this one. Another alternative is selling puts, but you need more capital to do that; arguably safer.

WMT is also ripe for the picking going into the winter. I wanted to buy at the lower trend line support, however it barely missed my trigger at that time. Now, I want to buy on the bigger volume shelf. I assume this will be some sort of temporary support.

I'm not sure what to say or do about CRM, however it is very far removed from any major MAs. It is probably worth DCA into this position. Even good ol' shorts probably work better since it keeps blasting off. Eventually it will return back to Earth.


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That is all for now, tomorrow at the meet up, we will add some more together. Until then, happy trading. Futures are gaping up, a lot. If you need a link to the Discord, just send me an email in the contact section.



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Disclaimer: The comments opinions and analysis expressed herein are for informational and educational purpose only and should not be considered as individual advice or recommendations. is not responsible or liable in any way for opinions expressed here. This is not meant to be financial advice as we are not a licensed financial advisor.

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