Another great week for stocks, as the Dow slowly creeps higher. If you are selling covered calls on a regular basis you would have noticed that you’re being called out more frequently. Therefore you are receiving covered call premiums and capital gains.
What does this all mean?
In the next 60 days you’ll begin to see buy signals on your long-term holds.
Stocks Under Pressure
Both Facebook and Boeing saw their shares temporarily decline due to external events.
FB shares have begun declining because of the departure of 2 major upper management executives.
BA shares are under pressure because of the worldwide grounding of the 737Max Aircraft.
I believe both of these events are short-term in nature and will not hurt these stocks over the next 5 years.
As our market begins to move forward I will start to alert you as to stocks under $100 per share that make great long-term investments.
