By Don Fanstone, Member, Kitchener/Waterloo User Group
VectorVest advises buying undervalued High VST stocks in a rising market.
VectorVest will help you make money if you follow VectorVest timing advice.
USA: Col. Guard Bearish, MTI .72 Dn/Dn, C/Dn, VV: Do Not Purchase.
CAN: Col. Guard Bearish: MTI .65 Dn/Dn, C/Dn VV: Do Not Purchase
Have the markets hit bottom, or are we in for more indecision on resolution of the Greek situation? There is a lack of trust on the part of the money lenders. Will the European Common Union powers that be take over the administration of Greece’s finances, or will Greece revert to the Drachma? Whatever the resolution, there appears to be pain in the forecast for the Greek citizens.
Sells for the Week of July 6th:
Buys for the Week of July 6th:
5 Magna Nov. 62’s @ $10.00
CTC.A Canadian Tire. Potential Buy Nov. 125
CNR. Potential BUY Dec. 64
ATD.B Alimentation Couché-Tard. Potential BUY Nov. 44 Call
DOL. Dollarama. Potential BUY Jan. 66 Call.
RY: Royal Bank. Potential Buy Jan. 66 Call.
Be Prudent: Look for the MTI to cross over the 8 DMA and a Green Light appears in the Price Column before taking positions.
With the market in a state of indecision, I suggest Bull Credit Spreads be put on hold until a solid turn up takes place.
DISCLAIMER: Options trading involves risk and is not suitable for everyone. The information contained in this Blog is for education and information purposes only. Example trades should not be considered as recommendations. Options training is strongly recommended before placing any trades. VectorVest offers a basic options course online and occasional intermediate options workshops in Canada each year.