If you like uncertainty, you may really love what’s ahead.
Of course, no one ever knows what is ahead, but I’m certain that it won’t be as certain as the market’s climb since Election Day.
Coming on the heels of Wednesday’s 300 point gain, today’s triple digit loss was muted, unless you were in metals and perhaps energy.
Those two certainly helped me out a lot in 2016 and had been pretty good to me in 2017, as well.
I put quite a bit of money into retailers in the past two weeks following the post-earnings swoons in L Brands, Target and Best Buy.
Abercrombie and Fitch, on the other hand, was just a lucky call, as it didn’t nosedive after poor numbers.
There was one other trade in the week that I didn’t report, because it was made in the final minute of trading on Tuesday and it didn’t involve the immediate sale of call contracts.
That was for Las Vegas Sands, which subsequently soared on Wednesday at which time I did sell some weekly calls, only to watch those shares give up much of their gain today.
But that’s the theme of what I really want to talk about.
If you don;t quiver too much, there have been some really good opportunities in some down beaten stocks.
You may have followed my recent trades in and out of Cliffs Natural Resources, for example. Continue reading “If You Like Uncertainty……”