Once again, Bull trades are becoming harder and harder to find. A lot of names have already skyrocketed and made their moves.
Our Bull picks in the Tech sector from last week are still doing well, but are beginning to pull back slightly as traders take money off of the table. The Technology sector actually looks like it might have put in a Blow Off Top yesterday and might be overplayed, The QQQ looks similar. I’m going to wait while Tech names settle down a bit before moving back into new positions.
Nonetheless, I found two Bearish picks, both in the Consumer Staples/Defensive sector. The sector looks horrible, especially names in the Discount Retail group. (Names listed in Watchlist)
-Good Luck and Happy Trading!
Disclaimer: This information is for educational purposes only. I am not a dealer/broker nor am I a licensed investment advisor. This is not a recommendation to buy or sell any securities. I do not know your personal risk tolerances or financial situation. Never risk any money that you are not willing to lose. Options involve risk and are not suitable for all investors. The information provided is thought to be correct at time of publication. I may or may not hold or trade any positions in the securities listed in the newsletter. It is possible to lose all or most of your money. Please consult a professional, licensed investment advisor.
Please Read Full Disclaimer
Watchlist
Bulls
Technology
BILL
PCOR
DDOG
Bears
Healthcare
VRTX
Utilities
NEP
SRE
SO
Consumer Staples
Discount Stores
DG
OLLI
Options Picks
Bear Trades
Keep reading with a 7-day free trial
Subscribe to Weekly Options Report to keep reading this post and get 7 days of free access to the full post archives.