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BBY
Volatility Ahead?
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We're starting our week out here in Operation Surge Strike with a new profit to take. Here's what's happening...
Best Buy (NYSE: BBY) has earnings tomorrow morning before market open, and so it's time to collect the gains we've achieved on our straddle.
Here's what to do...
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Tap Out of These Two Positions Now
The "irrationality rally" continued today, and I have to tap out on two more positions... but as I've already told you, we'll be back into one of them in short time, trust me!
The CBOE Volatility Index (VIX) slipped below the 30-level, which was the line in the sand that I told you I had to walk away from if crossed. That's what we're doing today...
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This morning's open just emphasizes the point that I made last night...
This market has moved too far, too fast.
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Just before Thanksgiving, I sent out a new trade alert to BetaFlow members advising to enter another position in Bank of America (BAC) after our first trade in the banking giant delivered a 100% profit.
Money flow into the stock has continued to be strong since then - but price had stayed in a fairly tight range. And now, just two weeks later, we have another reason to be thankful for BAC as our latest trade on the BAC December 27, 2020 $34 Strike Call has hit its 100% profit target!
If you followed guidance, you should be out of the trade. If you have not yet exited the trade, go ahead and grab your profits now. Here's what to do...... Read More »
Both China and the U.S. are signaling that the December 15th tariff deadline could be pushed back. While there are likely some short term bursts each way, the smart money flow is pushing markets toward the upside.
This bodes well for "risk on" type sectors like consumer discretionary - companies where people spend money when they feel like they have a little extra to spread around. The sector has lagged when traders were scared the market was topping, but it has been one of the best performers over the past few weeks:
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I generally don't concern myself too much with the price of oil.
After all, our goal here at Radical Technology Profits is finding cutting-edge tech firms that can deliver market-crushing gains.
However, high-tech has fallen victim to Wall Street's concerns about the price of crude oil which is down more than 70% in the last two years.
With the price of oil hovering at around $27 a barrel, many professional investors are convinced that the low price will hurt global growth.
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