So far, so good…
A day after we issued a buy on the KORS January 50 call, the underlying stock began to move higher, as we hoped for.
Today, we’re releasing two more trading opportunities. With the market as volatile as it is, we’ve been waiting for confirmation of direction change before issuing trades these days.
If we don’t have confirmation, we set ourselves up for failure and big loss.
Trade #3: Norfolk Southern (NSC)
Norfolk Southern (NSC) is excessively oversold, technically. It’s just beginning to bounce off its 30-line on RSI, as Money Flow begins to life well off its 20-line. Should this continue, we could see a respectable move up near-term.
At the same time, NSC sits at its lower Bollinger Band (2,20) with an incredibly oversold read on Williams % Range. The best way to profit from NSC is by opening a long-dated call option.
Consider buying to open the NSC December 2015 95 call up to $5.
Trade #4: Wal-Mart Stores (WMT)
WMT is being significantly discounted at $75 a share. This is WMT. It’s not going out of business. It’s simply down on tough times. With patience, the stock will easily turn around. RSI is just beginning to pivot from its 30-line. MACD is oversold, as well. We’re watching as Williams % Range pivots off -100 lows, too.
It’s only a matter of time before WMT moves back to at least $80 a share. Consider buying to open the WMT January 2016 75 call up to $3.70.
We’re working on the next six trades as we speak for your special report. We’re simply waiting for confirmation of trend change at this point. We’d rather not risk your money to poor decision making on our part. So, we’re opting to be safe and wait for confirming indicators.
Until next time, my friends, take good care. Best wishes to you and your families.
Ian L. Cooper
Rapid Retirement System