Fast Money Blog- 2/19/21

We had quite an interesting week on Wall Street.

This week the stock market traded in neutral because of the House Financial Service’s hearing surrounding the GameStop controversy. On both Wednesday and Thursday the House committee heard testify from the CEO’s of Reddit, Robinhood, Citadel, and Melvin Capital Management. Anytime law makers begin an inquiry into Wall Street’s trading habits and order flows, the market will react negatively. When these hearings conclude I expect normal conditions to return.

Now is a great time to sell 3 week covered calls on Microsoft Corporation (MSFT), Advanced Micro Devices, Inc. (AMD), and Pinterest, Inc. (PINS).

Stay Focused. Stay Positive.

Tyrone Jackson, The Wealthy Investor