How did you....

How did you do this week? We here at theoptionscoach.net did pretty well. We didn’t get everything that we wanted like a breakout on CAT, but GEO showed us some serious love with our Options

META disappointed us…. Even teams that win “The Big Game” don’t always go 16-0
Did you know that the NFL is in it’s 100th season and only 4 times has a team gone 16-0
That’s it. You literally have a 4% chance of a perfect regular season in the NFL
Not the greatest odds

We lost to META today. Lots of traders / investors did, lots.
Meta right now is like something that you do not see often. It’s a household name. Others are making fresh highs left and right. It is not, nor is it even trying to. To offer you perspective META should of closed above 610 today to have kept pace with everything else in this last month, ouch….

Does that mean that META is dead? Not by a long shot, it just came out of a long term base, it’s retesting the 20 SMA now but it’s stuck there. The volume on it is unusually low. It will take buyers stepping in to drive this higher, lots of buyers. Lots

Earnings season is here, and tech names haven’t even started yet
Don’t go throwing in the towel on names that show signs of strength just yet

The DOW and the S+P 500 both just closed at fresh ATH’s
Plus they are on their “Longest winning streak”
Indexes don’t hit ATH’s in bearish markets

Our stocks this week
AMZN +0.09%
GEO +9.05%
GE -0.01%
CAT -2.02%
META -2.28%
SFM -0.28%
SN +1.58%

Be back on Sunday night

The Options Coach