Stocks were in a buying frenzy the last few weeks but stalled this week.
The vaccine news is wearing off and stocks seem like they want to rollover.
Even though stocks cooled off, that didn’t stop us from locking in another triple-digit gain... overnight.
It’s been a great month for us adding winners left and right, working up a SOLID win streak.
Next week is Thanksgiving and markets will likely slow down a bit, but we will keep following the money.
Now, The CBOE Volatility Index (VIX), aka the “fear” index, is still above our key 15 levels, trading at 23.
We’ll continue to be nimble and lock in big, fast gains.
Portfolio Update
On Tuesday:
Right now, we’re holding:
Now we wait and let the market come to us.
Patience and persistence are key and I’ll be keeping you updated every step of the way.
Vale S.A. ADR (NYSE: VALE) Nov. 27, 2020, $12 call (VALE201127C00012000)
Date: Nov. 16, 2020
Reason: Our system triggered a bullish signal after a $2.9 million New Money bet. This activity was a 604% surge in calls purchased and only profit is shares go higher.
Outcome: 225% gain.
Notes: We executed this perfectly by being patient and letting the market come to us. We took our gains on this position into strength and locked in some huge overnight gains. This is what I mean when I say greed is good, but we weren’t foolish. Enjoy the win and go enjoy the profits this weekend.
I’m looking forward to answering your most pressing questions this Wednesday.
If you want yours included, send it to [email protected].
Have a great weekend, and I’ll have a new trade for you on Monday.
To your wealth, freedom, and options!
Joshua M. Belanger