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The S&P 500 was on track for gains until a Friday slump of 1.2% turned the week negative, closing down -0.16%. Historically, the latter half of September not only marks the weakest part of the month but also stands as one of the most challenging two-week stretches in the trading year. That said, the upcoming weeks usher in a three-month bullish season. This week we are going with a neutral double diagonal on EOG Resources (EOG) and a bull call spread on Autodesk (ADSK). Read More

In the second part of our trade alert, we're making some strategic moves. We have four additional roll actions and one trade closeout. Additionally, there's positive news with four of our trades set to expire for a profit: Zoom Communications (ZM), Murphy USA (MUSA), Amgen (AMGN), and Old Dominion Freight Line (ODFL). However, it's crucial to keep an eye on ODFL, which is currently trading near its short strike price of $400. We'll be closely monitoring this situation, and it's advisable to stay prepared for a last-minute trade alert in case ODFL experiences further price fluctuations. Read More

We've been observing a trend over the past few weeks that warrants some attention. It seems that many of you are not adhering to the limit price and price adjustment guidelines for our trade recommendations. This is crucial stuff—without a valid fill, we can't incorporate the trade into our portfolio. So, to keep the portfolio aligned with real trading conditions, it's imperative that you closely follow the limit price and price adjustment instructions. Also, if you received a valid fill, please don't forget to report it in our stock talk forum; your input is invaluable. This week we are going with a neutral double diagonal on Amazon.com (AMZN) and a bear put spread on Electronic Arts (EA). Read More

Hope you all enjoyed the long weekend and are geared up for September! Let's dive in: September is a tricky month for the Dow, historically showing declines across 100, 50, and 20-year spans. Over the past century, the Dow's average September dip is over 1%, and the odds of a positive return are a mere 40%. Compared to May, which has a near-zero average decline, and all other months boasting gains, September is clearly the underperformer. However, it's not all doom and gloom. Although September has a bad rap, it ushers in a robust Q4, the most lucrative three-month stretch from October to December. This week we are going with a neutral double diagonal on PTC Inc. (PTC) and bear put spread on Yum Brands (YUM). Read More

Investors continue to grapple with various uncertainties and challenges, such as China's persistently sluggish economic performance and the possibility of destabilization, rising interest rates and their delayed effects on economic conditions, a yield curve that has inverted, and inconsistent indicators from the U.S. economy. Balancing these concerns, corporate earnings have generally been strong, and it appears that the Federal Reserve is unlikely to raise rates further, suggesting that the harshest part of the interest rate increasing cycle may be over. The economic outlook remains uncertain, but the advantages currently seem to outnumber the disadvantages. Most crucially, the long-term upward trend in the bull market seems to be holding steady, giving the impression that recent market fluctuations are more of a temporary halt rather than a signal of the bull market's departure. This week we are going with a neutral double diagonal on UnitedHealth Group (UNH) and a bull call spread on Bath & Body Works (BBWI). Read More

During the recent 5% downturn in the market, several uptrends in American indices have been disrupted. This is evident across major indices like the S&P 500, Russell 2000, and NASDAQ 100, where the 50-day moving average failed to act as a reliable support level. On a positive note, U.S. indices haven't undermined the long-term uptrends originating from the lowest points of the previous bear market. This week we are going with a neutral double diagonal on CarMax (KMX) and a bull call spread on Delta Air Lines (DAL). Read More