Weekly Update: May 1, 2017

| May 1, 2017

Weekly Update:  May 1, 2017

  

What To Watch

We had a big rally a few days ago in the markets.

But it doesn’t look like the rally is sticking. After two solid up days, we’ve got four down days in a row.  That said, I believe the market slide is not over… so keep watching the indices.

The “Trump Bump” for the markets has been strong.  Since November, the markets are up over 16% which is a better than average return in just seven months…

Why I’m not afraid of the lull…

Despite the market acting soft, I see a lot of economic activity sprouting up.  Real Estate is once again on fire, with building and sales activity staying strong.

New businesses are opening… and nobody is talking about the recession anymore… now it’s all about when the economic growth will falter.

Despite the market dip over the last few weeks, our DAL Puts have not turned out like we wanted.  If you still own them, consider taking your capital off the table.

Our KORS Puts are about to expire soon too.  Go ahead and sell to take some capital off the table… they will be losing value quickly as expiration starts to approach.

The GM Puts are still showing a profit… and we have more time on these options so hold tight.  

Our most recent trades NEM & DOC are doing ok… so let’s sit tight!

Watch for a new trade next week!

 

 

Category: OTW Weekly Updates

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