There are other opportunities like this. But this one is the most obvious
Facebook is another although it’s not as obvious as Twitter at least from a logical standpoint.
But it just touched the 200 day MA a few days ago and is bouncing off it now. This is another stock to watch to short for a longer-term hold
Let me add one thing as to the capital violence we saw on the 6th. Violence is never the answer. Violence begets more violence.
The entire foundation of society is peaceful protests if you disagree with something. Or get out and vote. This idea that violence is going to change anything is plain wrong. All it does is make things much worse.
From an investing standpoint, widespread violence causes havoc on the markets. Not only from the violence itself but the reaction to the violence, as we will soon see.
Looking over my short put and call sales this morning, all look fine. Not much to manage right now. I am scouring for more income trades as those right now are solid income producers while we are doing our other trading.
Mean reversion right now is not in play as the markets are not oversold.
We are at a place today where we have a number of longer-term income trades, no mean reversion trades, and a handful of short put and short call trades,
Tomorrow is short put sale day:) I will be scanning for candidates after the close today. These have been as solid as you will find in a trading method.
We are up to 251 trades with 234 winners and 17 losers.
This is my morning comments this morning to subscribers of RickJ’s Sports Plays. I added my trades as a value-added
addition to my sports handicapping service, as I have found many serious sports bettors also trade the markets.
I have been doing this now for almost a year now with my morning remarks, along with sending out most of my trades I make via slack.
I will have more on my trading techniques later but they fall into a few categories: 1. Income trades via discounted CEFs 2. Mean reversion trades 3. Income trades via short puts and short calls 4. swing trades
RickJ’s Handicapping Picks