Yesterday was a big day in the U.S. markets with many of your Bull Market Alert positions rising sharply.
Your bet on U.S. housing through iShares Dow Jones US Home Construction (ITB) jumped 5.41% and is now up 10.64% just since June 24.
Raise your stop in ITB to $21.50 to ensure this is a profitable position, even if the stock pulls back. With your October $22 call options up 65.52% (ITB131019C00022000), sell half of your options here to lock in these quick, double-digit percentage gains. Hold on to the rest of the options for potential triple-digit percentage gains in the days and weeks ahead.
Your Delphi November $52.50 call options (DLPH131116C00052500) are also up, rising 77.87%. You’ve already booked 62.06% gains in these, so hold for now for potentially even bigger, triple-digit percentage gains. With Delphi (DLPH) stock up an even 30%, raise your stop to $52.70 to lock in at least a 25% gain in the stock.
Three Straight Days of Positive News Recoups $1 Trillion in Share Value (Bloomberg) Federal Reserve Chairman Ben Bernanke’s promise to preserve quantitative-easing (QE) stimulus for the foreseeable future had the desired effect on U.S. markets. Yesterday, the S&P 500 rose 1.4 percent. That gain translates to roughly $1 trillion in share price value that had been lost in the
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Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: