Trade Alert: Trimming some gold miners, looking at some buys
With the DJIA down 10% over the last few months, and with some panic in the selling today, I’m thinking the path of least resistance from now til year-end is probably HIGHER.
Lots of stocks to consider nibbling on now, including:
Sony, Synaptics, Twitter, Whole Foods, Apple, Splunk, Palo Alto Networks, Amazon.
Gold and gold miners and even silver are getting a bid this week and popping today. With the added volatility premium on my call options, we’re getting some juice there. I’m up 70% on some of the GDX call options and I’m going to sell 1/5 of them today, just locking in some of that profit.
I’ll be at this week’s Trading With Cody’s Live Q&A Chat at 2pm EST today at http://twc.scutify.com/members, so I’ll see you there with more details and analysis.
