🔒Premium Membership Positions - December 18, 2022

If you want to invest for the long-term, I would focus more on DOW30, dividend-paying stocks like V, MA, HD, and SBUX. I also like our favorite trash company, WM too. Only slowly scale your positions. I would only buy a small quantity of shares that you are comfortable with. Or heck, if you want to wait a little longer to see if these companies trend higher, you can also wait to buy more then.

I would be more cautious with high tech-growth stocks that don't pay a dividend, such as AMD, GOOGL, and AMZN. They are having a tough time rising in price compared to the other components in the indices. This means that they are better candidates to set up bear call spreads.

Remember to close your positions once your contracts decay to around 50-80% of their value. All money is good money. 😊

You may want to focus more on going to cash-conservation mode again as we approach earnings season in late January. Hopefully with some positive numbers, it may serve as a catalyst for the markets to bounce back up and hopefully break our downward trending resistance line.