It’s been a crazy week full of travel, big announcements and even bigger trades!
I’d like to thank all of you for rolling with the New Money Crew every day and coming out to enjoy the live events that made my new Wiretap Trade Alerts strategy a BIG success!
Rob Booker and I had a blast doing the broadcasts and live trading streams… And if you missed them, then you owe yourself a favor to find out all about it — so just click here!
The Thrills of Live Trading Streams
Live trading streams are always fun because you never know what will happen. You get to see big stories unfold right in front of you, and this past week was no exception…
Markets were frantic early Friday after two big question marks hanging over Wall Street to start the week ended up being a nonfactor.
First, we saw rumblings of the Federal Reserve tapering its bond-buying program ahead of schedule. That helped slow down order flow ahead of Wednesday’s press event, making things tough in my War Room live trading stream.
The mood gave way to an 81-point rally in the S&P 500 from Wednesday’s opening level after Fed Chair Jerome Powell and company decided to keep things where they are for now.
Then it looked like Chinese real estate firm Evergrande might avoid its debt crisis, only to miss its payment deadline Thursday without a word from the company or Beijing — good luck getting your money back if you aren’t a Chinese national. As a result, the iShares MSCI China ETF (Nasdaq: MCHI) is down more than 3% from its Sept. 17 closing price.
Evergrande still has 30 days to make the payment, but there’s an eight-figure installment coming due next week…
It’s doubtful a 2008-like event would happen even if it goes belly up, but this story could continue to sour the near-term mood for areas of the market… like those steel names we talked about in Monday’s video. We also saw a nice call buying in Bank of America Corp. (NYSE: BAC) and Marathon Oil Corp. (NYSE: MRO) in Friday trading.
Your Weekly Trade Recap
There’s always money to make, no matter how the markets move — as Weekly Blitz Alerts members can attest to…
A nice pop at Tuesday’s open helped us score some big wins including a nice 26% gain on JetBlue Airways Corp. (Nasdaq: JBLU), a quick same-day 50% return on Snap Inc. (NYSE: SNAP), and a scorching 109% win on the second half of our Lucid Group Inc. (Nasdaq: LCID) calls!
Lucid saw big news early in the week with the Lucid Air Dream sedan scoring an industry best 520-mile range from the EPA — besting the Tesla Model S by more than 100 miles.
We saw short-term bulls come after LCID Monday morning, with buyers snapping up weekly calls during my live trading stream. Shares had a nice bounce from the gap down overnight, ripping more than 20% higher on a fantastic two-day move, shooting the Sept. 24 expiration $24 strike calls straight to the moon!
It just goes to show that with the Shadow Blitz strategy and Blitz Tracker on our side, we can hit triple-digit gains even when we sell too early!
