Fast Money Blog- 8/19/24

The past week on Wall Street saw lots volatility and the retracement of some of our favorite stocks.

The volatility is uncharacteristic for this time of the year and I expect it to slow down as we head towards the Labor Day weekend.

Retracement in Action Over The Past Five Days

Amazon.com, Inc. (AMZN)

On Tuesday, Aug. 13th, AMZN opened at $167.75 per share.

Today, Monday, Aug. 19th AMZN closed at $178.22 per share.

Advanced Micro Devices, Inc. (AMAT)

On Tuesday, Aug. 13th, AMAT opened at $195 per share.

Today, Monday, Aug. 19th AMAT closed at $210.76 per share.

NVIDIA Corp. (NVDA)

On Tuesday, Aug. 13th, NVDA opened at $117.35 per share.

Today, Monday, Aug. 19th NVDA closed at $130 per share.

Right now I am in favor of selling covered calls for early September.

Tyrone Jackson

The Wealthy Investor