After the market’s strong recent run, I am recommending that you book some of your strong recent gains before we enter the traditionally weak September period.
Close your bet on the Russian bounce by selling your position in Mobile Telesystems (MBT) for a 9.86% gain. Also sell your September $19 call options (MBT140920C00019000) for a 66.67% gain.
Sell the ProShares Ultra Real Estate (URE) to lock in an 8.91% gain.
Finally, sell your ProShares UltraPro Dow30 (UDOW) to lock in a 9.92% gain on this textbook bounce off of the 200-day moving average. Book your 84.95% gains in your related October $166 DIA call options (DIA141018C00166000) as well.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: