Categories: Bull Market Alert HotlinesStock Market News

Doubling Down on an Expectation for a Bounce

You were stopped out of your position in the Direxion Daily Small Cap Bull 3X Shares (TNA) during intraday trading yesterday. Remember that whenever we stop out of a stock, we sell any related options positions as soon as possible. This means that when TNA stopped out, yesterday’s recommendation of the IWM Jan. $111 calls should have been sold as well. However, subscribers still holding the IWM calls should remain in the position; see below.

If you hit your stop of $59.50 on TNA, I recommend that you re-enter this position and place your new stop at $49.50.

I am also recommending you re-enter yesterday’s recommendation, the iShares Russell 2000 (IWM160115C00111000) January $111 calls.

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world. He was the Editor of The Global Guru, a free weekly e-newsletter, and also edited the trading services Momentum Trader Alert, which focused on making short-term profits in the hottest markets in the world, and The Alpha Algorithm, which was designed specifically to deliver big, fast triple-digit winners, month after month. He was also the editor of Smart Money Masters, a monthly service focused on longer term investments recommended by the brightest minds in the business. Mr. Vardy has been a regular commentator on CNN International and the Fox Business Network. He has also published articles in The New Republic, The World and I, and The Baker & McKenzie Legal Review. The Global Guru/Nicholas Vardy has been cited in The Wall Street Journal, Newsweek, Fox Business News, CBS MarketWatch, Yahoo! Finance, and MSN Money Central. Mr. Vardy graduated from Stanford with a B.A. — with honors and distinction — in both Economics and History, and he also earned an M.A in Modern European Intellectual History. After winning a Fulbright Scholarship, he earned a J.D. degree at Harvard Law School where he was an editor of the Harvard International Law Journal. When not uncovering investment opportunities for his subscribers and investors, Mr. Vardy is a keep-fit enthusiast and an avid student of classical music.