Look at the Futures Market (Jump)
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As we head into the week, the big news regarding the decision of the presidential election is in - and an official winner was declared.
There is further news traders are waiting for regarding who will control the senate.
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With a great week in the market, we have a few trades to exit before we head into the weekend.
Let's start with the most profitable...
The trade we entered on Gibraltar Industries, Inc. (NASDAQ: ROCK) shot up and handed us a great set of profits. If you haven't already exited this position, here's what to do...
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As mentioned in the open positions update that you received earlier today, your SPDR S&P 500 ETF Trust (NYSE: SPY) butterfly spread expires today.
Now, instead of paying extra broker fees, we're simply going to let this trade expire worthless.
Here's what to do:
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This morning, we are seeing a lot of potential volatility in the markets. This is large in part due to more strain between China and the U.S. after President Trump blamed the country on not reporting accurate COVID-19 numbers.
We are also anticipating another big week of earnings coming in which doesn't help the situation.
It's safe to say that we might be in for a wild ride today, but we know how to handle it.
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As we near the end of 2019, we are looking at shortened trading weeks due to Christmas and New Year's Day falling on Wednesdays.
Trading volume is going to be thin before and after due to the holidays hitting mid-week.
So, we are going to take this time to close out of some of our remaining open positions for big profits!... Read More »
In last month's Million Dollar Masterclass, we opened a Green Trade on one of the biggest chocolate manufacturers in the world, Hershey Co. (NYSE: HSY).
And now, our HSY call has hit its 50% profit target!
If you had your exit strategy in place, then you already would have pocketed these gains. If not, here's what to do now...
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As we enter the holiday week, I just want to take a second and say Happy Thanksgiving! - be safe while traveling to and from your family gatherings.
This is a shortened week of trade since the markets are closed on Thanksgiving.
Wednesday and Friday will most likely be a thinly traded market. I have my eye on our open positions and will manage our trades accordingly, so make sure to check your inbox.
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I just sent you your Million Dollar Masterclass for November.
Remember - each one has the potential to make you a millionaire!
Today, I showed you the best way to play the market's holiday pattern.
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Hershey Foods Corp (HSY) came into the weekend with channel collisions shortly after reporting earnings.
The stock dropped into support and has held well both on Thursday and Friday.
HSY has also bucked the volatility trend moving higher as the market moved lower. This is especially noteworthy, as it seems to be more volatility resistant.
And this makes it the perfect trade setup for our portfolio...
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