If you're new to the New Money Club or have any questions about how to allocate positions or how to execute  trades, watch this video first.

Dear New Money Club Trader, 

Happy Friday!

It's been a short week, but an interesting one. There’s a big disconnect between the stock market vs. main street.

All three major indices opened higher Tuesday. But, the Nasdaq 100 started to see money rotate out of the tech five and into industrials and materials. Right now, we're seeing stocks slosh around.

We’ve been rallying on recycled news, which is any positive COVID-19 vaccine headlines. And the CBOE Market Volatility Index (VIX), known as the fear gauge is holding at 30.

That means we're still 2x the average level of volatility, so we’ll continue to see markets whip around.

Like the afternoon reversal in the market on Thursday.

As we head into June, it’s going to be interesting to see how “Sell in May and go away” pans out.

As I mentioned above, there’s a big disconnect between the market and the real world.

Yet, the only thing that matters is turning our dollars into more dollars. The best way to do that is to follow the system to profits.

We do that with the right timing. Managing our winners is essential.

Portfolio Update

On Tuesday:

  • Buy-to-open the Vale S.A. ADR (NYSE: VALE) July 17, 2020, $10 call (VALE200717C00010000) up to $0.36 per contract or better, for the day.

Right now, our open positions are:

  • Vale S.A. ADR (NYSE: VALE) July 17, 2020, $10 call (VALE200717C00010000).
  • Teck Resources Limited (NYSE: TECK) June 19, 2020, $10 call (TECK200619C00010000)

In case you missed it, check out your first edition of Mail Bag on Wednesday. That’s where I answered several of your most pressing questions.

I’m looking forward to answering more next week. So make sure to send yours now to questions@newmoneycrew.com. Your privacy is important to us. We'll never reveal your full name when answering questions or sharing your feedback.

Have a great weekend and I’ll have a new trade for you on Monday morning.

As always, you can track our portfolio here.

To your wealth, freedom and options!

Joshua Belanger
New Money Club

P.S. Don't forget to sign up for SMS Text Alerts if you haven't already. It is on the right-hand side of the members' area.