New Money Link Trade Alert:

If you're new to Money Link or have any questions about how to allocate stock positions vs. options or how to execute Money Link trades, watch this video first.

Hey guys!

This morning we’re going to exit a previous swing trade:

If you traded the stock:

COVER SELL QQQ at $250 or HIGHER.

And if you made the options play:

COVER SELL QQQ 7/17/20 $240 Call at $12 or HIGHER.

You’ll notice I’m only exiting half the swing trade, keeping the FXI short on. I’ve done this very deliberately. Earlier this month QQQ peaked on the day of the labor report. Today is the labor report. 

I expect bearishness next week and I’d like to keep half the position on over the long weekend. If I’m right we’ll know instantly on Monday. If I’m wrong I’ll exit the FXI legs immediately on Monday.

Have an awesome holiday weekend.

LFG!

It’s important to execute both sides of the link at the same time and to respect the limit levels mentioned above -- never chase a trade.

As always, you can track our open positions here.

LFG!

Jeff Zananiri
Joy of the Trade