It’s been another mixed week for stocks and Wall Street. Overall the stock market is reacting to policies coming out of the White House, as opposed to rewarding companies with solid revenue growth. In other words, Donald Trump is making institutional traders nervous.
Here’s how it breaks down: The market seems to be favoring some stocks over others.
Right now Wall Street seems to like MasterCard (MA) and Visa (V). Wall Street has been less enthusiastic about Home Depot (HD). However, Home Depot’s rival, Loews (L) is on the move.
I expect the market as a whole to begin to move forward as we head into the 4th Quarter.
Trading Advice
Over the next 30 days, selling the just the out-of-the money covered calls, along with the just in-the-money covered calls, will generate the most profit.
Let’s see what happens over the next 5 trading days.
Stay Patient! Stay Positive!
Tyrone Jackson
The Wealthy Investor
