This week it’s going to be a holiday-shortened week in the US, so it’s a clue. People are going to take profits off the table, and that’s what I’ve been waiting for. The market finally took a step back. A decline for a few days for sure, a buying opportunity, but beware, it’s not going to be for every and all stock out there. Take for example, oil and gold that has just been on a slow-grind. You’d think they are low already, but they’ve just continued to slip.
Anyway, I did say I was waiting for this, just last night AAPL, lost more than 1% and it would go down some more. If you were keen on options, you could have outlayed a small amount like .20c on the 116 Put option and go to bed then waking up to .39c value on the 116 Put, making 95% on your trade. FB also went down, and so one with some “hot stocks” that are going to look like good picks this week.
People are going to be focused on Thanksgiving Day in the US, and a lot of people are going to be trooping to their favourite stores to get themselves whatever they like ,,, hopefully on bargain price. So there’s the sweet opportunity in the RETAIL sector, (WMT, NKE, TGT, BBY) even technology stocks are in to the party – Amazon, Ebay, Apple.
But wait! The GDP number is coming out Tuesday so there’s going to be a volatile run again. Bad news is good news and good news, may well be,,, good news,,, or not! But you know what, this is the beauty with Options — it can let you construct a strategy to profit whichever way the market with a “straddle”. That’s why I am so excited for my workshops coming on December 5 and upcoming webinar series after. Get the details here and let me know early because we got some pre-workshop materials to send out to help you prepare. Email me at
charmel@highheeledtraders.com
Here’s an insightful video on the Retail sector from Bloomberg.
