Hey Traders,
It’s Tuesday, July 15, and if you’ve been watching the markets, you’ve probably noticed something…
We’re still sitting at all-time highs.
Ever since “Liberation Day” back in early April — when the market hit a bottom — the market’s been on a tear.
Just about 6 weeks later, the S&P 500 had a bullish crossover in its trendlines and it’s been practically straight up.
But it’s not just a few names driving the rally…
A Rising Tide Lifts a Lot of Boats
Remember, the S&P 500 is made up of 500 stocks. So when the index is surging, you’re gonna see strength across the board.
But let’s be honest — tech is where the real action’s at.
I’m talking about stocks like COIN, IBIT, and of course… NVDA.
I’m personally long all three, and they’ve been crushing it lately.
NVDA, in particular, is my biggest position. It just broke out over 170 again, and it’s leading the charge.
Meanwhile, the Dow (ticker DIA) is lagging. Not much going on there. And that’s fine — we don’t need all 30 of those stocks to move when tech is doing the heavy lifting.
Follow the Rotation
Right now we’re seeing a rotation out of boring names and into the tech names that are performing.
QQQ — the Nasdaq — is where the strength is. That’s where traders are putting their money, and it’s showing.
One name I’m watching closely is ANET. It just crossed its trend points and looks like it’s about to get going. I’m long that one too.
The trend is up. Everything looks bullish.
So here’s how I’m thinking about trades right now…
Covered Calls, Credit Spreads, and Protection
If you’re sitting on a stock that’s near all-time highs, this is a great time to sell a covered call.
You can collect a premium now — and if you get called out, it’ll be at a price you’re happy with.
Want some extra downside protection? Buy a married put — that’s when you buy an at-the-money put you pair with your shares.
If the market drops, the value of that put will spike and offset the loss on your stock. If the market keeps climbing, the put just acted like cheap insurance.
Credit spreads are great right now too. Volatility’s not too high, the trend is strong, and it’s easy to stack the odds in your favor.
Bottom line?
This is a time to participate — not panic.
Trade well,
Jack Carter
P.S. Another stock you definitely want to participate in is TSLA. But I’m not just trading this in a normal way. You’ve got to see this strategy.
