Bringing More GREEN in the New Year!
Dear New Money Club Member,
Just like that, Christmas came and went … and 2020 is about to be in our rearview mirror.
That means, as we roll into 2021, the market will be closed on Friday in observance of New Year’s Day.
Now, the slow action we’ve seen over the last few days will continue into tomorrow, so this will be the final update for 2020.
I want to thank you for being a part of the New Money Club and wish you and your family all the best in the new year. I hope you’re ready to start 2021 off with a bang!
Stay tuned because I have some great ideas and surprises to share with you in the coming weeks.
Now, the fear gauge, known as the CBOE Market Volatility Index (VIX), for the S&P 500 is at 22 and above our key level at 22 — indicating that we need to continue to be cautious for a possible shakeout.
With that, let’s talk shop…
Portfolio Update
On Monday, we issued an alert to:
Buy to Open Tower Semiconductor Ltd. (Nasdaq: TSEM) Jan. 15, 2021, $28 calls (TSEM210115C00028000) up to $0.60 per contract or better, for the day.
Right now, we’re holding:
- Sandstorm Gold Ltd. (NYSE: SAND) Jan. 15, 2021, $10 calls (SAND210115C00010000).
- Axalta Coating Systems Ltd. (NYSE: AXTA) Jan. 15, 2021, $32 calls (AXTA210115C00032000).
- Cloudera Inc. (Nasdaq: CLDR) Jan. 22, 2021, $15 calls (CLDR210122C00015000).
- Coty Inc. (NYSE: COTY) Jan. 22, 2021, $8 calls (COTY210122C00008000).
- Tower Semiconductor Ltd. (Nasdaq: TSEM) Jan. 15, 2021, $28 calls (TSEM210115C00028000).
Let’s keep focused and let the market come to us. If we stick to our system, we’ll come out ahead. And, of course, I’ll be keeping you updated every step of the way.
1 More Quick Programming Note...
I’ll open up the mailbag next week. Now go enjoy some rest and relaxation! I’ll have a new trade for you on Monday.
Sincerely,
Joshua M. Belanger
New Money Club