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Friday, March 29, 2024

$21,000 Thursday – President Trump Makes Our Profits Great Again!

$21,000!

That's how much yesterday's 5 futures plays gained in less than 24 hours – thank you President Trump!  And your welcome to all our appreciative readers who are learning to love the new administration by cashing in on their policies – we look forward to a wild 4 years and then the usual 8 years the Democrats will spend trying to fix all the damage.  But that's in the Future – yesterday, right in the morning post, I said to you:

Well, I may have sold my Futures too soon but we have great lines for re-entering longs at 18,000 on /YM, 2,100 on /ES, 4,700 on /NQ, 1,175 on /TF and 16,800 on /NKD.   Tight stops below, of course and you can even use them as shorting lines if you need them (with tight stops above) but, as noted earlier – it was an overreaction.

We went pretty much straight up off those lines.  You can see the S&P (/ES) on the charts above and here's the Russell (/TF), which gave us the best bang for the buck, picking up $7,500 per contract as it tested 1,250 this morning.  Our other winners were the Dow (/YM) at 18,650 – a $3,250 per contract gain, Nasdaq (/NQ) at 4,875 – up $3,500 per contract and the Nikkei (/NKD) hit 17,550 – up $3,750 per contract so our 5 index calls, which we sent as an Alert to our Members at 4:58 am, gained a total of $21,000 – and that is over and above what we made playing the night before on the massive sell-off, when we first decided President Trump would not be so terrible. 

This is why we teach our Members how to play the Futures as well as how to use options to enhance their portfolio returns – sometimes things happen after hours that you can take amazing advantage of and, with President Trump – we look forward to LOTS of those things happening on a regular basis!  Image result for trump emoji

We also told you we like CBI (up 8.3% yesterday), CLF (up 16.9%), LMT (up 6%) and RTN (up 7.5%) and we warned you that THC (down 25%) and HCA (down 16.25%) "would FREAK OUT."  See – investing is not difficult – we read the paper, think about the effect of the news and then we place our bets.  Keep in mind though – I can only tell you what the market is going to do and how to make money trading it – the rest is up to you! 

This morning I sent out another Alert to our Members at 6:15 am, saying:

…Still, we have to respect the rally so we'll only be shorting of we get confirmed crosses under 3 of 5 of the following:  /YM 18,650, /ES 2,175, /NQ 4,850, /TF 1,240, /NKD 17,500.  EuroStoxx should be rejected at 3,100 but, if not, then how can we short?  DAX also should be rejected at 10,800 and we'll know by lunch and VIX needs to hold 14.

We're already breaking below those lines and we wait PATIENTLY for 3 of 5 to be below and then we short one of the laggards, in this case the Russell, Nasdaq and Nikkei are still holding up so we wait for one of them to cross and then short he Russell on a cross below (with tight stops above) – because that's my favorite short play but  Nikkei will make a great short if the Dollar is rejected at 99.

As a brand new play, we decided to go long on Lumber (/LB) over the 300 line and CatchMark Timber Trust (CTT) is our stock play at $11 but I can't tell you our options strategy as our Members haven't had a chance to get in yet.  CTT is a REIT that mainly concentrates in US assets and pays a 5% dividend so a very nice stock to hold onto.  Like a gold miner – lumber companies are highly leveraged to their commodity price so a nice pop in lumber prices can have a huge effect on CTT's bottom line.

I'm not going to comment on politics today so that I can publish this post on sensitive sites but I will leave you with an apropos line and clip from one of my favorite musicals, which sums up very nicely where we are right about now, politically and economically:

"There was a cabaret and there was a master of ceremonies and there  was a city called Berlin in a country called Germany—and it was the end of  the world and I was dancing with Sally Bowles— and we were both fast asleep…"

Trump Picks Top Climate Skeptic to Lead EPA Transition

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