I’m not into politics. I don’t like much of what any of those guys are doing for our country. But as a professional trader, I need to be prepared for any outcome.
Right now, it looks like to me the odds of a Republican landslide is on the cards. Of course this is not set in stone, not many analysts thought Donald Trump would win, but it did happen.
But if there is a red wave, that could dramatically impact where the big government dollars flow in the economy, and that will probably affect stocks in certain sectors.
So I’m preparing now for the mid-term elections next week on Tuesday, November 8.
If there is a red wave, I’m going to start looking at domestic oil producers. Republicans aren’t as green as the Democrats so look for oil stocks and ETF’s to do well such as ERX.
Republicans have a lot of banker friends, and they seem to do well when the Right is in power. I’d look at JPM and Goldman Sachs (GS) here.
The other idea I have is to short solar stocks.
A lot of investors have been hiding out here during the market crash, and this has been one of the best performing sectors this year.
However, that could all change if there is a Red wave. There are a lot of climate change skeptics on that side of the aisle, and that’s not good for further investment in solar.
Even if there is no red wave I still think solar stocks can pull back again hard. I think there’s just too many investors that are hiding out in this sector
Here’s what happened a few weeks ago when I was bearish solar:
And here’s what happened a few weks before that… when I was bullish oil and traded ERX:
Not all my trade Ideas work this well. But I have a plan of what I’m going to do if there is a red wave and I’m prepared to execute it.
As always, my subscribers will be the first to know when I look at making this trade. I have over 9000 of them! Here’s what a couple of them have to say:
I want YOU to enjoy the same level of service and insights that 1000’s of others are seeing week after week.
Here is how it works… every Monday morning, I send out my best trade idea for the week to subscribers. I break down the stock, why I’m bullish or bearish give the price at which I want to buy options as well as when and where I will exit. No matter what happens next, I’m prepared and make sure my subscribers are too! Here’s what that is going to look like in your inbox this coming Monday morning:
By the way… That is a screenshot of this week’s idea on TTD and I just closed it out for 100% profit on Friday morning. It was another great week for Bullseye members!
Back to what you are going to see when you sign up…
After you get the email gameplan, you are then going to be able to join me LIVE to walk through the idea in detail and ask any questions you have about it (or trading in general). This is an exclusive for my top members:
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