Fast Money Blog- 5/14/2021

This week the Bulls and the Bears fought for control in the U.S. stock market. As you know companies like Microsoft Corporation (MSFT), Pinterest, Inc. (PINS), Square, Inc. (SQ), and Chewy Inc. (CHWY) delivered superior earnings at the end of Q1. I expect these stocks to retrace dramatically shortly before Q2 earnings are revealed.

If you are a stock market history buff, you should know that over the last 31 years the average pullback in the U.S. stock market has lasted an average of 66 days.

In this market your best trades will be 30-40 day Out Of The Money covered calls.

Stay positive, stay patient, as we’ve seen all of this before.

Tyrone Jackson

The Wealthy Investor