Weekender for 2/27
1. Market Summary
Excerpted from Thursday’s paid content of Investment House Daily.
Russia Attacks
– Russia attacks, and stocks crashed for a fifth day. However, they reversed almost at the open and produced a massive reversal.
– The market becomes sharply oversold as sentiment indicators spike.
– Sentiment supports a rally. The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) surges to the upper 30s, the number of new lows explodes, volume approaches expiration-date-like levels and the bulls/bears sentiment almost crosses, as bears surge.
– We are ready to play some upside, but with this market volatility, we really focused on when certain big names will hit their key resistance and tell the tale of the next post-relief move.
On Wednesday, I posited that a fifth day of downside on the open could see a reversal. It did. There was a massive move lower that started reversing from the open. We booked gains both early in the session, and later on. Even so, many stocks gapped to a support level and reversed sharply. The indices, of course, did likewise.
NOTE: The figures and information above are from the 2/24 report.
There are no videos this week.
2. Targets Hit
Here are four completed trades from Investment House Daily, offering insights into our trading strategy and the targets that we have hit this week:
The market forecast the downside, and we took advantage of some bear-flag setups for some fast action. As a result, we captured some excellent gains during the market meltdown ahead of the Russian invasion of Ukraine.
Colgate-Palmolive Company (NYSE: CL): 69% gain in the put options.
Microsoft Corporation (NASDAQ: MSFT): 95% gain in the put options.
Procter & Gamble Co. (NYSE: PG): 66% gain in the put options.
Tractor Supply Company (NASDAQ: TSCO): 162% gain in the put options.
Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!
Here are four completed trades from Technical Trader Alert, offering insights into our trading strategy and the targets that we have hit this week:
When the downside shows up, the action is almost always fast, particularly in this volatile market. Indeed, we saw great setups with tests of support breaks, and the downside gains came fast.
Amazon.com, Inc. (NASDAQ: AMZN): 105% gain in the put options.
Broadcom Inc. (NASDAQ: AVGO): 26% gain in the put options.
FedEx Corporation (NYSE: FDX): 101% gain in the put options.
Floor & Decor Holdings Inc. (NYSE: FND): 84% gain in the put options.
Receive a risk-free trial to Technical Trader and save 50% by clicking here now!
There were no new trades in the Success Trading Group this week.
Still, now is a good time to become a member of the Success Trading Group. The system is geared towards bringing you consistent, short-term gains of 5-10% and you can expect four to six trades every month.
To receive a risk-free trial and save 50%, click here now!
3. Covered Call Options Play
United Natural Foods Inc. (NYSE: UNFI) — United Natural Foods Inc. is currently trading at $38.75. The March 18 $40 Calls (UNFI20220318C00040000) are trading at $2.30. That provides a return of about 10% if UNFI is above $40 by the expiration.
