Market Awareness
Hey folks, I just wanted to touch base and ease some angst that may be out there concerning US markets. Volatility has increased over the past week and may be attributed to geopolitical uncertainty with, you guessed it, North Korea. If you are not aware by now our President can move markets with his thumbs via Twitter. Speaking of Twitter I'm still bullish!
Whether it is just rhetoric and ideal threats who knows, but what I can tell you is that our economy is healthy and barring North Korea being really stupid and actually striking Guam, the market should go up. I am not worried and have done nothing different stock wise or portfolio wise in this climate. I don't think it's time to flee into gold and defensive stocks (not to be confused with Uncle Sam's vendors). Defensive stocks are utilities and consumer staples and/or dividend yielding stocks. Now me being a trader if I see opportunities to make money there in the short term then I'm for it! For instance the Gold Miners ETF (GDX) just broke out and is "optionable" (has options contracts), so there may be an opportunity.
Although we had a rough ride last week in the market I don't believe the seas will remain rough beyond this month. Here is what I like going forward:
Twitter (TWTR) @ $15.92 (this one could be a stock buying opportunity)
Square (SQ) @ $24.82
Nike (NKE) @ $58.97
Micron Technology (MU) @ $28.01
And of course during times of uncertainty I want to define my risk upfront and trade these three names using option contracts. Don't know want these are and how to implement them? Sign up today for our Basic Options Course and pair that tool with our Options Alert subscription so you can capitalize off small moves in big name companies on little risk. The emerald chasers out there get the optimal expiration, strike price and strategy sent right to there inbox and phone.
So long as no missiles go to flying and no big, red buttons are pushed look for the four names above to go up over the next few weeks....why can't we just all get along and get this money that's out here!
PS. Ask us about our investment of the year...this stock is under valued, super cheap and has a bright future! Email ricky.streeter@emeraldchasellc.com to know more
