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Full Time Profits, July 17th 2017 – No New Trades

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We’re starting off today with a chart of the Nasdaq 100. It’s the market I’ve been following the closest, ever since we had that wicked selloff back in June.

We’re in a spot where markets and individual stocks are neither overbought nor oversold. We’re coming into earnings season, so putting on new trades or anticipating new trades can be a little more risk.

From all the stocks I’ve scanned, most of them don’t have good risk/reward profiles because we aren’t statistically stretched one way or the other. The only thing I could find would be a bear call spread in NVDA, but that stock is a widowmaker for shorts and not something I’d be comfortable pursuing.

Right now, we need a little time and volatility to go through the market. Sometimes, no trade is the right trade.

On top of that, there’s plenty of open trades that need some time to decay. If you’re itching for a new trade, go through the Full Time Profits archives and take a look at some of our open trades.

 

Disclaimer

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