Fast Money Blog- 9/9/22

This week on we saw volatility rule the day on Wall Street. But let’s take a look and see how three of our favorite Wealthy Investor stocks performed: Apple, Inc. (AAPL), Amazon.com (AMZN) and Alphabet Inc. (GOOGL).

Apple stock saw wild price swings this week, although its close at the beginning of the week and the end of the week was pretty much within a range:

Tuesday, Sept. 6th close: around $154.50

Today, Friday, Sep. 9th close: around $157.40

Amazon stock broke out of it’s range:

Tuesday, Sept. 6th close: around $126.11

Today, Friday, Sep. 9th close: around $133.30

Alphabet stock slightly broke out of it’s range:

Tuesday, Sept. 6th close: around $106.81

Today, Friday, Sep. 9th close: around $110.87

What’s the moral of the story in terms of stocks this week?

We are basically in a trading range, which is consistent with the historical pattern of the stock market not advancing until after September 11th.

In a market like this, 3 to 4 week covered calls will serve you best.

Moving forward, your job is to gain a clear understanding of historical trading trends during the period from August through December, so you can make better decisions inside your portfolio.

Stay open! Stay positive!

I see a bright 4th Quarter ahead.

Tyrone Jackson, The Wealthy Investor