Stocks will end October lower and the selling is looking to continue into November.
The U.S. elections are days away so keep those seatbelts on.
Let’s remember it’s about price, not politics.
Last night, the market heard from heavy hitters like Google, Apple, and Amazon on their Q3 earnings.
The reaction has been negative but overshadowed by coronavirus and the election.
Now, the fear gauge for the S&P 500, known as the CBOE Market Volatility Index (VIX) is at 38.
That means volatility continues to be 300% higher than usual.
We’ll continue to be nimble and lock in our fast gains as you did today.
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.
Date: Oct. 26, 2020
Reason: Our system triggered a bullish signal after a $1.9 million Hot Money bet. This activity was a 2,600% surge in calls purchased and only profit is shares go higher.
Notes: You executed this perfectly. We exited the position into strength and locked in our gains. With 22 days to expiration and the U.S. election on the horizon, it’s smart to manage our winners as we head into this binary event. Putting wins on the board is what’s important; the profits will follow.
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