Markets are down this morning as investors contend with increasing recession fears - but we captured profits on our SPDR Gold Shares (GLD) recommendations.
Early in today's trading, GLD traded through our outstanding protective stop of $165.00 and we captured profits of 95.78% and 18.14% on the remaining portion of our Free Trade and our Base Builders recommendations, respectively.
Congratulations to everyone who was following along. Feel free to drop me a line and let me know how you did. You can click here now to do so.
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GLD
It’s Time to Close Our GLD Position
We typically have a target ROI percentage goal of 50%, meaning when the gains on the ETF option trade hits 50% we like to close the position.
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The Dow has experienced three weeks of gains, large in part because of positive earnings being reported. But, the concern for the markets is if the big tech stocks due to report this week - like Microsoft, three of the FANG stocks in Apple, Amazon, and Alphabet - will report well or not.
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Our Weekly Cash Clock bonus trade from yesterday didn't pan out how we thought it would...... Read More »
I'm back with a bonus trade for your Weekly Cash Clock today.... Read More »
We're targeting a bullish trade for this company and here is how to play it:
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I am happy to say that our position on SPDR Gold Shares (GLD) is nearing our profit target, so I think we should grab these gains and run.
What a way to start 2021!
Here's what to do...
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Yesterday, we decided to sit out of trading as the futures market set up to open roughly 500 points lower.
After market open, stocks traded mixed, but overall it was an okay trading day, all things considered.
And that's why we are going to take another shot today!
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In last week's Total Wealth, on Tuesday after the Labor Day weekend, I warned the previous week's selling storm which started on Thursday, immediately on the heels of record new highs for the S&P 500 and Nasdaq Composite on Wednesday September 2, 2020, had not yet passed.
And true to forecast, we saw more selling last week, but it wasn't as bad as it could have been.
We ended the short trading week down 1.7% on the Dow Jones Industrials, down 2.5% on the S&P 500, and down 4.1% on the Nasdaq Composite.
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Good morning!
Last Friday, we scored a 48.18% profit on the remaining half of our Alteryx Inc. (NYSE:AYX) recommendation after the company reported Q2/2020 results.
For the quarter, the company reported non-GAAP earnings of $0.02 per share, which beat the Zacks Consensus Estimate by 114.3% and jumped 100% year-over-year.
Revenues for the quarter increased 17.3% year-over-year to $96.2 million and surpassed the consensus mark by 2.4%.
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