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Chris Lau

Weekend Trading Chatter for October 12 – 13, 2019

Some QE3, an upcoming trade meeting between the US President and the highest ranking China official sent markets up. You may accumulate puts ahead of the rally because nothing is solid.

If the US delays tariffs, is that enough to send the market to new highs?

Trade: $AAPL Apple while Nokia $NOK is a better deal. Nokia stock is back in the $5.00 range and has a better dividend.

$ROKU blasted off and never looked back. $100 was a temporary low.

$SNAP short trade is at an end, though souring markets could send the stock to $12.

$NIO is the short. Regardless of trade talks, this company is in financial distress.

$JD bounced back to $30. Seems like a trade at $28 buy, $30 sell.

IF there are no new tariffs and it is business as usual, it is now time to accumulate bank stocks: $LYG, $SAN, $BAC.

Want automated trading instead? Check Novadvisor.

 

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