As this year gets closer to its end, let's look at where four major ETFs stand year-to-date (YTD). The S&P 500 (SPY) is -13.34%, Dow 30 (DIA) -3.46%, Nasdaq 100 (QQQ) -26.09%, and the Russell 2000 (IWM) -14.61%. As we enter a seasonally strong period over the next several weeks, we expect the ETFs to further chip away at their YTD losses. This week we are going with a short-term earnings iron condor on Lululemon Athletica (LULU) and a bull call spread on Palo Alto Networks (PANW). Read More

Double-trouble FedEx (FDX) and United Parcel Service (UPS) continue to be a problem, and both need to be rolled to give the trades more time to become profitable. Intuit (INTU) will expire for a substantial short-term profit. Have a great weekend. Read More

During other periods when the Nasdaq had declined between 30% to 40% over 12 months, the Nasdaq rose 73% of the time over the next 12-month period and had an average gain of 18.1%. This week we are recommending two stocks that trade on the Nasdaq. First, we are going with a short-term iron condor on Intuit (INTU), and a bull call spread on Super Micro Computer (SMCI). Read More

Best Buy (BBY) was unable to achieve its profit objective and must be rolled. Have a great weekend! Read More

With earnings season in full swing, reported earnings have remained strong, despite rising rates and inflation. Stocks that beat EPS (earnings per share) estimates have gained an average of 2.14% on earnings reaction days. Surprisingly, this is 54 bps stronger than the ten-year average of 1.6%. This week is a short trading week, with the market closed on Thursday and an early closing on Friday at 1 PM Eastern Time. Even though the week is short, we are sticking with a short-term earnings iron condor on Best Buy (BBY), and a bull call spread on undervalued Broadcom (AVGO). Read More

This could be the final set of rolls. However, a few stocks are trading very close to their short-strike prices. So, we might have last-minute closeout instructions, so be on the lookout. We also have five trades expiring for substantial profits. Read More

Six more rolls. The remaining rolls will be published shortly. Read More

Five more rolls. The remaining rolls will be published tomorrow. Read More

This is the start of our busy week of rolls. As of now, we also have five trades on track to expire for substantial profits. The remaining rolls will come tomorrow and Friday. Read More

The market had a great week last week, with the S&P 500 up nearly 6% and the Nasdaq up about 8%. Though it was a good week, we've had three other better weeks this year, which shows how crazy the market is this year. Even with the rally last week, the longer-term downtrend is still intact. However, it does appear that the market is closer to finding its bottom. This week we are going with a short-term iron condor on Lowe's Companies (LOW) and a bull call spread on Novo Nordisk (NVO). Read More