Weekly Update: April 3, 2017

| April 3, 2017

Weekly Update:  April 3, 2017

  

What To Watch

It’s official…

The Trump rally is over…

March ended the month with the DOW and NASDAQ both down for the month.  Is that the end of the world?  Probably not.  But the big question… will it continue?

In my opinion, we are entering a period of market weakness that might last for a few weeks or months.  The market is soft, and the next big news will be Q1 earnings which should start arriving at the end of April.  

Between now and then, expect any bad market news or rumors to swing the market!  

Our Delta Airline Puts are looking good right now… The stock is down from over $51 a share in early May to just over $45 today.  The recent market weakness could be a good sign for this trade… watch it closely.

If you still hold any GM Puts, they really paid off, with peak gains of 69% in just a few days… we’re still in the money, so if we get a market dip, look to take profits quickly.

Our KORS Puts are giving us some downside protection… watch this stock closely… a big swing and we could be in the money in a heartbeat!

Stay steady with the portfolio and hold tight for new trades next week!

 

 

Category: OTW Weekly Updates