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Tech Profits Accelerator

Portfolio

Note: If a stock has gone beyond my buy-up-to price, do not buy into that position. Wait for me to issue a new recommendation, or wait for the stock price to come down. Only have 10 to 12 stocks in your portfolio at one time, and don’t put any more than 8.5% to 10% of your money into any one monthly portfolio recommendation. Only put 2% to 3% of your money into my Special Report recommendations. If a position doesn’t have a “Close Price,” it’s still active and we’re still tracking it. Can’t see the portfolio? Try the print preview

Weekly Archive

Traveling (click to expand)

March 25, 2020

I’m still traveling. I took some much needed personal time to spend with my family, so I’m going to keep things brief once again.

The rollercoaster in the markets continues. Stocks rallied at the announcement of a $2 trillion stimulus package designed to combat the effects of the coronavirus. Yesterday, the Dow hit the biggest single-day gains since 1933 on the hope of said stimulus package alone.

No one quite knows how long the coronavirus will affect the markets and economy, though it seems like investors are eager to react to any news the White House puts out in an attempt to get a handle on things. If the past couple of weeks are any indication of how this typically goes, I don’t expect these gains to last very long.

Still, despite the volatility, nothing clear has emerged and triggered my system.

So, for now, just sit tight.

I’ll monitor my indicators closely and alert you if there’s new trade alert.

Good trading,
Lance
Executive Editor, Treasury Profits Accelerator


Until Next Week… (click to expand)

March 19, 2020

I apologize for the delay, and I’ll keep this brief. I have some personal matters that require my attention

It’s been a turbulent week in the markets. The major indices regain ground just to lose it again.

While that volatility can be good, nothing clear has emerged and triggered my system.

So, for now, just sit tight.

As usual, I’ll monitor my indicators closely and alert you if there’s new trade alert.

Good trading,
Lance
Executive Editor, Treasury Profits Accelerator


Market Sheds as Virus Spreads (click to expand)

March 13, 2020

Whether the World Health Organization (WHO) designates Coronavirus a pandemic or not, investors are panicking. The global economic impact is weighing on the markets and asset prices are falling.

U.S. Treasury bonds, a safe-haven, hit all-time low yields; the yield curve inversion is signaling recession.

When Saudi Arabia and Russia couldn’t agree on production cuts to stabilize oil prices, the Saudis decided it would be a good idea to flood the market with supply and further tank prices to hurt Russia. Oil prices have been dropping like a rock and moved below $30 per barrel.

That put pressure on highly leveraged oil companies and their lenders. Investors that are already spooked have shed oil and bank stocks.

In this current environment of fear in the markets, I expected many opportunities to position for profits. Unfortunately, volatility has been too choppy and my system hasn’t picked up on any trades.

Since the markets are so unsettled, even the option market makers are on edge and the bid-ask spreads are so wide. It’s difficult to get a fair price when buying or selling options.

There have been a couple possible trades over the past two weeks, but by the time I look to position, the market has already turned in the opposite direction and the opportunity disappeared.

Volatility is great for this strategy. But too much of a good thing isn’t.

The good news is we’ve closed out some nice winners and we’ll be ready to pounce when we get a signal! As usual, I’ll monitor my indicators closely and alert you if my system triggers a new trade alert.

Good trading,
Lance
Executive Editor, Treasury Profits Accelerator


Extreme Volatility! (click to expand)

March 4, 2020

As uncertainty in the markets continues, so too does the spread of coronavirus. After a full week of correction, the markets rebounded sharply Monday to close over 3% higher, only to drop like a rock yesterday.

The Federal Reserve panicked and cut rates by a half point. It seems as if market traders (and President Trump) got what they’d been asking for: more help from the Fed.

That was the first emergency rate cut by the Fed since the Financial Crisis in 2008. The federal funds rate now stands at 1-1.25%. The federal funds rate is what the Fed charges to member banks that borrow to meet reserve requirements.

Initially, the markets seemed to like the easing by the Fed, but that didn’t seem to be the case after closing on the downside…

Then again, markets bounced back sharply higher this morning… So, it’s really anyone’s guess at this point which direction they’ll go.

Anyway, we closed our lone position last Friday with a nice gain. I’m on the lookout for more opportunities in this directionless market.

Stay tuned…

Closed Position

Last Friday, we sold to close the March 20, 2020, $90-strike put options on RingCentral (Nasdaq: RNG). We covered this one with about a 45% gain in a little over two weeks.

We have no positions open at this point. But with continued volatility, it won’t be long!

As usual, I’ll monitor my indicators closely and alert you if my system triggers a new trade alert.

Until then,
Lance
Executive Editor, Treasury Profits Accelerator


Trade Alert: Sell RNG Puts to Close (click to expand)

February 28, 2020

Technology stocks are falling sharply again today. And our target has been hit in our only position.

RingCentral (NYSE: RNG) hit my price target, so it’s time to exit for about a 50% gain.

Action to Take: Sell to close the March 20, 2020, $230-strike put options on RingCentral (NYSE: RNG).

The “bid” price for this contract is about $15.50, meaning you can sell each contract at the market for $1550.00.

The market moves quickly, so the “bid/ask” price may or may not be the “bid/ask” price when you are able to execute the trade — it could be higher or lower.

Exit Strategy: Sell these positions with a limit order (between the “bid” price and the “ask” price) immediately.

I’ll have more on what happened this week, as well as a recap of our trade, in my next issue of Tech Profits Accelerator.

Until Then,
Lance
Executive Editor, Treasury Profits Accelerator


Volatility Jumps as the Market Dumps (click to expand)

February 26, 2020

We’ve been in a great position to take advantage of the market decline. The complacency I’ve described over the past few weeks has disappeared and investors are bracing for further erosion.

Coronavirus worries may have started the market downfall, but it’s been long overdue.

The Federal Reserve has been inflating asset prices for over a decade and continues to pump liquidity into the markets. Since Trump’s election, the markets have been helped by his tax cuts, trade deals, and promises of further cuts and global trade negotiations. And there’s not much ammunition, if any, left for the Fed to fight with.

Larry Kudlow, Trump’s economic advisor, used to be able to goose the markets whenever a pullback was in the works.

But after he took to the airwaves yesterday, the drop intensified.

Mr. Kudlow claimed there’s no evidence of supply disruptions; he’s confident that the Fed won’t make any “panic moves” in cutting rates. Investors finally realized that the Fed can’t help, and that the White House can’t cure coronavirus to reopen closed factories in China.

All the chaos this week in the markets has allowed us to take profits on three of our four positions.

Closed Positions

Last Friday, we sold to close the March 20, 2020, $90-strike put options on Lumentum (Nasdaq: LITE). We covered this one with a gain just over 25%. On Monday, we closed two positions.

First, we sold to close the March 20, 2020, $195-strike put options on Workday (Nasdaq: WDAY). We came away with about a 78% gain on this trade in less than two weeks.

The other trade we covered was the March 20, 2020, $175-strike put options on MongoDB (Nasdaq: MDB). There were a few of you who were able to execute this trade when I recommended it. For those of you that were, you should have made a nice gain of around 50% in less than two weeks.

Open Positions

Last Wednesday, we entered the March 20, 2020, $230-strike put options on Ring Central (NYSE: RNG). We’ve recovered from last week, but are still down about 20%. Ring Central’s stock price has stubbornly remained higher than it probably should be in the face of the market selloff.

As usual, I’ll monitor my indicators closely and alert you if my system triggers a new trade alert.

Until Then,
Lance
Executive Editor, Treasury Profits Accelerator


Trade Alert: Sell WDAY and MDB Puts to Close (click to expand)

February 24, 2020

Technology stocks are falling sharply again today and our target has been hit in two of our positions.

First, Workday, Inc. (Nasdaq: WDAY), hit my price target and it’s time to exit our put options for about an 80% gain.

Action to Take: Sell to close the March 20, 2020, $195-strike put options on Workday (Nasdaq: WDAY).

The “bid” price for this contract is about $20.00, meaning you can sell each contract at the market for $2000.00.

Next, Mongodb Inc. (Nasdaq: MDB) has also hit my target in the market sell-off. It’s time to cover this position as well for about a 40% gain.

Action to Take: Sell to close the March 20, 2020, $180-strike put options on Mongodb (Nasdaq: MDB).

The “bid” price for this contract is about $27.00, meaning you can sell each contract at the market for $2700.00

The market moves quickly, so the “bid/ask” price may or may not be the “bid/ask” price when you are able to execute the trade — it could be higher or lower.

Exit Strategy: Sell these positions with a limit order (between the “bid” price and the “ask” price) immediately.

I’ll have more on what happened this week as well as a recap of our trade, in my next issue of Tech Profits Accelerator.

Until then,
Lance
Executive Editor, Treasury Profits Accelerator


Sell LITE Puts to Close (click to expand)

February 21, 2020

Technology stocks are falling sharply today, and our target has been hit in one of our oldest positions.

Lumentum Holdings (Nasdaq: LITE) hit my price target. It’s time to exit our put options for about a 30% gain.

Action to Take: Sell to close the March 20, 2020, $90-strike put options on Lumentum (Nasdaq: LITE).

The “bid” price for this contract is about $7.50, meaning you can sell each contract at the market for $750.00.

The market moves quickly, so the “bid/ask” price may or may not be the “bid/ask” price when you are able to execute the trade — it could be higher or lower.

Exit Strategy: Sell this position with a limit order (between the “bid” price and the “ask” price) immediately.

I’ll have more on what happened this week, as well as a recap of our trade, in my next issue of Tech Profits Accelerator.

Regards,
Lance
Executive Editor, Treasury Profits Accelerator

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