Timing is Everything!
Late on Monday we issued an alert to buy calls on Bank of America (NYSE: BAC). It looked perfect to make a great return. Then after the market closed North Korea launched a missile flying it over Japan. Futures tanked and the next morning we were stopped out of BAC. Then late in the day Tuesday (after being stopped out) if is announced that Billionaire investor Warren Buffett, who came to the aid of a struggling Bank of America back in 2011 with a $5 billion investment, has
Stocks are easily damaged by anything - ETFs not so much!
One of our philosophies at Optik is to focus on the SPY as well as other ETFs. Why do we do this. It is because of the susceptibility of a stock to be damaged by any type of news or analyst downgrade. Just recently we have two prime examples of this. First, the CEO of Best Buy (BBY) was reporting on an excellent quarter for BBY but in his report he decided to state that Best Buy can’t maintain it sales. The stock suffered its worst decline in more than a year after CEO Hube
North Korea Missile Flies Over Japan - Futures Tank
North Korea fired a missile that flew over Japan and has escalated world tensions and sent the VIX up. This will have an adverse effect on the BAC call alert that we issued today. The missile landed in waters off the northern region of Hokkaido. Experts say that North Korea appears to have developed an intermediate-range missile. Markets are on edge because Trump may take action against North Korea to support our Japanese allies. South Korea’s military said the missile was
Hurricane Harvey & The Week Ahead
The coming week is shaping up to push the markets lower. Hurricane Harvey that hit the Texas and Louisiana coasts is still dumping rain overtop of the damage it has already inflicted. Some analysts think this could drive down the GDP as well as send gas prices higher since refineries (10) are shuttered. Gasoline futures have shot up as a result. This could present a good opportunity to buy oil companies! Also this coming Friday will be the jobs report. Other events that ma
Are Markets Paused for Fear of a Government Shutdown?
On October 1st the U.S. Government will supposably shutdown unless Congress passes legislation be it a stop gap measure or a full budget – more than likely it will be a stop gap. Why? Because the number one priority for our elected officials is getting re-elected. Most of them are professional politicians and if faced with getting a real job would be on the street – there is very little most of them can do in real life. Nonetheless, this issue is a concern since the Presid
Government Shutdown Threat Hits Markets
Markets were down noticeable this morning at the open and never recovered. The catalyst for the down market has been attributed to Trump’s threat last night in Phoenix to let the federal government shutdown if Congress does not fund his wall with Mexico. Lawmakers are on break and will be returning to Washington in early September but the funding to run the government will die on October 1st. Both parties had expected to pass a temporary spending bill. This new threat from
Dow Theory
On August 22, 2017 the Dow closed at an all-time high. Was that the end of the bull market? Dow Theory is the oldest of the stock-market timing systems in use and it still remains in widespread use today. William Hamilton created it over 100 years ago. He was the editor of The Wall Street Journal at the time. So what has to happen for the bull market to end under the Dow Theory? Basically, three events have to occur as follows: 1. The Dow Jones Industrial Average and the D
Profit Taking or The Start of a Correction?
Equities fell today with the DOW closing down -274 points. Technology was hit hard with the NASDAQ losing 1.9%. There’s a number of factors that contributed to today's selloff including concerns that Trump's pro-growth agenda could be dead on arrival in Congress because many are echoing that is will be the end of their political careers to work with Trump. As an example, numerous CEO’s resigned from Trumps advisory panels and some of the panels we disbanded. These CEO's fel
Optik Breaks 700% YTD
Today Optik broke through 700% return YTD with its two alerts from last week on the SPY and Blackstone (BX). There was a confluence of factors that pulled the markets down last week to include North Korea, profit taking, markets being overbought and oil moving down. Oil weakness was created because the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) last week said oil production from the cartel had risen in July to almost re
SPY ETF
We issued an alert today to enter the SPY ETF and we are up 9% as of this blog. The markets are very soft right now with fear injected by the geopolitical situation with North Korea. The SPY position we have is the Sep 15 2017 249 Calls. We expect that these will provide a good return and hopefully propel our YTD gain to over 700% Apple hit a new high today and gold moved up as well. If the rhetoric dies down we could see good advances in the markets for the remainder of
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