All is Well, Hold on Tight
Don't panic! The market is down because Wall Street investors pulled money out of the equities market because they anticipate the Fed is going to raise interest rates. The American economy is strong, so strong that the Fed has to make it more expensive to borrow money. With our unemployment rate down to 4.1% which exceeds full employment the central banks have to increase rates or everyone could borrow money for cheap and that makes a bubble!
So the drop in our major indices that you've been hearing on the news is not the beginning of a recession but a much needed correction. This will create many buy opportunities. If you're an investor stay an investor; don't allow yourself or anyone else to shake you out of this bull market! Support levels are being respected so Emerald Chase is not alarmed, but more pleased than anything.
My suggestions are to be long tech as a sector with Micron (MU) doing the brunt of the bullish pulling. Fit (FIT) looks good costing $5 with a potential move to $7 over the next two to four months. Although Apple (AAPL) did less than expected on their iPhone sales this last quarter, the stock is way cheaper than what you would have paid one month ago, this makes for a great options trade. And she did hit $180 as Emerald Chase said she would in our options alert to emerald chasers on 19 Dec 2017, where we said buy the AAPL 19 Jan 172.5/180 call spread for $3.40. Michael G. of Pennsylvania knows this all too well...congratulations Michael! We would like to add that Michael received his options trading course via Skype and is having consistent success in the equities market.
Stay away from Bitcoin!
Where are we looking next?
EUFN, FIT, BLDR, FFIV, AAPL
