Thursday morning and the market is bullish.
All three indexes — the Dow… the Nasdaq… the S&P… all of them are creeping higher.
In fact, ARM’s IPO today shows us that investors are still bullish on tech.
And because of the fact that many of ARM’s investors are also competitors like GOOG, META, AMD and NVDA (among others)…
This could be a situation where a rising tide lifts all boats.
But don’t run out and buy any of these stocks just yet…
That could set up a situation where all three indexes make new highs — even as early as next week.
But remember what I always say: directional trades are tough.
So despite the bullish signs I’m seeing…
Rather than a directional trade on any of these stocks…
What am I doing?
- I’ve got a nice credit spread in META.
- And I’ve got a bunch of covered calls I sold that are expiring worthless right now.
And remember, when you’re an options seller and they expire worthless… you keep all the cash!
It’s the high probability way to trade.
If you want to hear more about the high-probability techniques I use to pull weekly income from the markets, I prepared this video for you.
I can’t wait for you to watch it.
Trade well,
Jack Carter