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Today on Fast Profits, we're going to "split the market," so to speak – we'll be trading in two trends emerging in diverse areas of the tech sector: one bullish, and one bearish.
Though stocks seem to be shaking off a rather cringe-worthy presidential debate, some sectors are carrying the weight of today's rally – while others are preparing their eulogies… so playing both of these trends to our advantage will help us to profit two-fold on the rising volatility September set into motion.
Last week, we got some exposure to the clean energy market with SunPower Corp. (NASDAQ: SPWR), but there's far too much profit potential in the mass shift away from fossil fuels to leave money on the table in this sector, particularly as the issue becomes a focal point in the upcoming election.
And as rising interest in renewables meets the pessimism against select alternative energy stocks, the combo will soon give way to a chain reaction of isolated "short squeezes," nearly guaranteeing a leg up for the larger industry. Rather than taking our best guess on which green energy stock will take the lion's share of the profits, we're going to be putting our money on the whole market with a clean energy ETF – a ticker I see building up your portfolio for the long term.
On the other hand, a bearish trend forming on the horizon is threatening to take down satellite television for good… as streaming services wage war over entertainment supremacy – with new contenders surfacing on a daily basis – the satellite dish isn't long to join the rabbit-ear antennae on the island of misfit tech. So as today's "bonus trade," we'll be turning a profit as outmoded TV tech bites the dust…
Check out the full trade details on both stocks in the video below…
Trade Details:
Ticker No. 1: iShares Global Clean Energy ETF (NASDAQ: ICLN)
Action to Take: Buy shares of ICLN using a limit order of $17.50.
Action to Take: Buy-to-open ICLN April 16, 2021 $18 calls (ICLN210416C00018000) using a limit order of $2.60.
Ticker No. 2: Dish Network Corp. (NASDAQ: DISH)
Action to Take: Buy-to-open DISH March 19, 2021 $27.50 puts (DISH210319P00027500) using a limit order of $4.
The Future of Cryptocurrency Is Here (Spoiler: It's Not Bitcoin)
Tom Gentile's calling it: This coin will be the next big thing in the crypto market.
No, it's not Bitcoin… but he is predicting the price of Bitcoin will rocket to $15,000 by Election Day. And since Bitcoin acts as a bellwether for the entire crypto sphere, a chain reaction could rocket these top players right along with it.
Don't delay – here's what you need to know now.
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About the Author
Chris Johnson is a highly regarded equity and options analyst who has spent much of his nearly 30-year market career designing and interpreting complex models to help investment firms transform millions of data points into impressive gains for clients.
At heart Chris is a quant - like the "rocket scientists" of investing - with a specialty in applying advanced mathematics like stochastic calculus, linear algebra, differential equations, and statistics to Wall Street's data-rich environment.
He began building his proprietary models in 1998, analyzing about 2,000 records per day. Today, that database, which Chris designed and coded from scratch, analyzes a staggering 700,000 records per day. It's the secret behind his track record.
Chris holds degrees in finance, statistics, and accounting. He worked as a licensed broker for 11 years before taking on the role of Director of Quantitative Analysis at a big-name equity and options research firm for eight years. He recently served as Director of Research of a Cleveland-based investment firm responsible for hundreds of millions in AUM. He is also the Founder/CIO of ETF Advisory Research Partners since 2007, noted for its groundbreaking work in Behavioral Valuation systems. Their research is widely read by leaders in the RIA business.
Chris is ranked in the top 99.3% of financial bloggers and top 98.6% of overall experts by TipRanks, the track record registry of financial analysts dating back to January 2009.
He is a frequent commentator on financial markets for CNBC, Fox, Bloomberg TV, and CBS Radio and has been featured in Barron's, USA Today, Newsweek, and The Wall Street Journal, and numerous books.
Today, Chris is the editor of Night Trader and Strikepoint Trader and contributes to Money Morning as the Quant Analysis Specialist.