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Bet on a BIG Market Rebound With This FREE Trade Alert!

by | Sep 15, 2021 | Stocks

We gave you a pretty extensive watchlist on Tuesday as media headlines were all over the place… The Bloomberg bears came out to play while CNBC went the opposite direction. 

While both were only half-right… they were still missing key pieces. So we wanted to be prepared for anything. 

And as it turns out, we were right in our assessment of ongoing market machinations… Who would’ve thought?

Well… me! I did. So in light of this week’s headlines, I have a free trade alert for you all — with some guidelines.

This all comes on the heels of a bearish Monday when it seemed every major news outlet thought the market was crashing. But as we’ve been saying for months now, that’s just because it’s options expiry week… In fact, it’s quad-witching week, which is when stock index futures, stock index options, stock options and single stock futures all expire simultaneously… whew! 

Meaning it’s a perfect time to buy any market dips. But first…

Fortune Research Free Trade: Close One, Open Another

I don’t know how many of you remember, but a couple of weeks ago I had a personal encounter with the after-effects of Hurricane Ida. I certainly won’t forget it anytime soon…

But in that same piece, I recommended we pick up a stake in the U.S. Gasoline Fund (NYSEArca: UGA) as refinery production fell. My reasoning was that this would cause some upward price pressure for at least five to 10 days.

And who would’ve thunk… I was right. Again! 

As I expected, the weekly storage report from the Energy Information Administration was supportive of our position.

UGA closed up roughly 2% Wednesday, up 3% relative to our entry, and I think it’s a good time to take profits.

Now, onto your Fortune Research free trade for this week…

Keep an Eye on This Ticker

It’s a fund I’ve talked about before, and I recommended picking up partial stakes toward the end of the past week.

And it all revolves around buying the dip. 

As we’ve talked about, the markets always get a little turbulent around options expiry week. I expect it to go up as the delta variant peaks and the economic slowdown gets put on pause.

So let’s keep an eye on the Direxion Daily S&P 500 3X Bull ETF (NYSEArca: SPXL). It rebounded briefly Wednesday after closing and opening at a perfect buy level.

The SPXL is a great way to get some leverage on the S&P 500, which reflects the overall market. Like the name of the fund suggests, it goes three times the move in the S&P 500. If markets go up 1%, SPXL goes up 3%.

I don’t know that I like this level right now, but if it dips below $118, let’s pick up the rest of our stake…

And take profits when the time is right.

I’ll see you guys Thursday for a deep dive on the markets. Until then, good luck!

All the best,

Matt Warder

Fortune Research

P.S. Future of Wealth Head Trader Lance Ippolito just revealed how he spots trades with the potential to return upward of five times his initial investment every single month. 

Not only does this strategy protect his portfolio from long-term volatility, but it gives him the chance to bank massive winners in just 24 hours. 

We’ve never seen anything quite like this before. 

With Lance’s Weekly Blitz Alerts, we can throw the old buy-and-hold strategy out the window. And forget spending hours reading through pages of earnings reports and squinting at stock charts.

WRITTEN BY<br>Matt Warder

Matt Warder

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