New Money Link Trade Alert:
Hey guys,
I’ve got a new swing trade for you this morning!
But first, let’s exit the following swing trade before jumping into the new one.
For the stocks, let's:
SELL TO CLOSE TLT AT $139 OR HIGHER.
BUY TO COVER JNK AT $108 OR LOWER.
And for the options, we'll:
KEEP TLT CALLS UNTIL EXPIRATION, AS MOST VALUE HAS ERODED.
SELL TO CLOSE JNK 3/19/21 $109 PUTS AT $1.10 OR HIGHER.
And now, for our new swing trade, let’s:
BUY TO OPEN SLV AT $24.75 OR LOWER.
SELL SHORT GLD AT $158 OR HIGHER.
And for an options play:
BUY TO OPEN SLV 4/16/21 $23 CALLS AT $2.70 OR LOWER.
BUY GLD 4/16/21 $160 PUTS AT $4.50 OR LOWER.
Silver is having a moment as the precious metal, which is used to playing second fiddle to gold. I love this sort of Money Link, as many scenarios in the markets and economy can see silver outperform. As gold has broken down, silver has maintained. And when investors come in to buy precious metals, silver is up more on those days. Lastly, silver has a better fundamental case in economic expansion.
Remember, 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.
LFG!
Jeff Zananiri
Joy of the Trade