When I’m looking for a new stock to trade, sometimes it helps to see what the broader market is doing.
My favorite way to start is by looking at six-month charts for the DIA, SPY and QQQ, which tracks the Dow Jones, S&P 500 and Nasdaq 100, respectively.
I’ll gauge the general market trend and identify which one is strongest, then look for stocks in that Index.
And right now, I really like what I’m seeing in tech (QQQ)…
The options prices for tech stocks are shooting higher. That means there’s a lot of premium to be made, especially for those on the sell side.
And my No. 1 strategy right now is designed to take advantage of selling options premium.
I just held a special live event to share exactly how it works, and how it can be used to build a portfolio at a discount.
Trade well,
Jack Carter
Jack Carter Trading