I said earlier that I did not like the looks of the market and today it let us know that it is not a good time to be in the market. My stock searches are pulling up sells all across the board. So, here are your choices:
1. Get solely into cash
2. Sell covered calls realizing that you will take some loses in the stock only to make up for it in selling the covered call and getting a premium off that.
3. Buy puts or place put spreads if you are into options.
My search showed sell on these stocks:
CRS, BOT, CHAP, CME, EQIX, VTIV and PCU.
Plain and simple. I am going to utilize bear call spreads for credit and then buy put spreads for a debit. (in simple stock trader terms - I am expecting the market to "correct" itself.
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