Fast Money Blog- 1/22/21
This week we saw some of our favorite Wealthy Investor stocks bounce off their 30-day bottom. This is normal for most Dow stocks, as January tends to be a quiet period due to upcoming earning releases.
Your best trades during this quiet period are 3 to 4 week covered calls sold out-of-the-money. This type of trade will generate income and help lower your cost basis.
I expect a strong upward trend to resume at some point during the next 30 days.
Stay smart and stay patient during this quiet period.
Tyrone Jackson
The Wealthy Investor