Dear Student,
As I’m writing, my family and I are sitting in the path of Hurricane Helene, which is supposed to make landfall this evening. If you’re in this storm’s path, too, I hope you and your family stay safe (and dry)!
Although we’re as prepared as we can be, this storm is over 400 miles wide – wider than the entire state of Florida. It’s also packing 80mph winds and could drop up to 10 inches of rain on already-soaked grounds. But the biggest concern is the storm surge that could make it a mile or two inland.
Image provided by the NOAA/National Weather Service
So, in case I’m unable to do so later, I wanted to follow up on yesterday’s issue right now…
As you may recall, I showed you how to take advantage of the seasonal bullishness in tech stocks using a strategy that I like to call, “trading the haystack.”
I also showed you how to use options to juice your profits – with less risk – on one of the largest exchange traded funds (ETFs) in tech: The Technology Select Sector SPDR Fund (XLK).
You can check that out here, in case you missed it.
And today, as promised, I want to take you on an even deeper dive into Money Calendar pattern on XLK, take a look at the charts, and talk more about our strategy heading into October.
Click on the video below – and let’s get started…
Cheers,
Tom Gentile
America’s Pattern Trader