Should You Buy the Dip Before Election?

 
November 1, 2020
 
Your Post-COVID Playbook
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America's Income Project is your lifeline
 
 
Should You Buy the Dip
Before Election?
The market is looking a little spooked days before Halloween and the U.S. presidential election. The S&P 500 had its worst day since June. However, it's not all doom and gloom this week. Sit back, grab a pumpkin spice latte, and watch today's video addressing the current opportunities in the Options Trading world.

There are lots of newsflows to consider this week. The big-boy tech companies all reported earnings after the market on October 29. Apple Inc. (Nasdaq: AAPL), Amazon, Inc. (Nasdaq: AMZN), Facebook, Inc. (Nasdaq: FB), and even Twitter Inc (NYSE: TWTR).

GDP is also being reported after its largest-ever drop due to the pandemic. All this on the back of market uncertainty stemming from who will become the next U.S. president.
So, where are today's opportunities for traders?
 
 
WARNING: The Stock Market's Most Important Chart Flashes Signal
Today I'd like to show you the stock market's most important chart because it is flashing a major warning signal.

Before we get to it, I will say it has both nothing and everything to do with the upcoming election, the coronavirus pandemic and the current state of the economy… And it has me deeply concerned.

The stock market of course throws out a lot of false positives and signals we think in the moment are important. Much of the time, you can ignore the signal and do just as well or better.

But when you get caught up in an inevitable correction or even a bear market that sneaks up on you, you've likely wondered why you couldn't get advance warning.

Well, the stock market's most important chart is sending up warning signals right now…
What it's telling us
 
"Loved your recent on RSI, one of my favorite indicators. I also changed the time, but even a shorter period than yours. I'm going to put 10 days in now for a trial. Thanks for all the great information."

William R.

The Strike Price is the price at which a derivative can be exercised, and refers to the price of the derivative's underlying asset.  In a call option, the strike price is the price at which the option holder can purchase the underlying security.  For a put option, the strike price is the price at which the option holder can sell the underlying security.


 
 
Disclaimer & Disclosures
The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed.  Please see our Terms and Conditions for more information.

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