This Stock Market is more Like 1999 than 2020

Today was an incredible day.  In this video I go over a few stocks that are literally going straight up.  Including a stock like Apple (AAPL).  How can a 1.5 trillion dollar stock go straight up.  So I look at several stocks.  It appears the average incline a stock should have is about 15%.  Most stocks in this market that are going up are going up at 70% plus percent.  We all know that this incline is not sustainable, especially when we are talking about trillion dollar market cap stocks like Amazon (AMZN).

With that said, we need to be careful.  All of that aside, I am having an amazing day.  Actually more like an amazing week or 7-10 days.  I’m a bit  nervous.  So today I went a little short by selling some call spreads on the S&P500 or the SPY.  I took off some positions that I had sold put spreads on even though I still like the trade.  I just used this incredible opportunity to get out.  I did go long in IBB by selling a poor man’s covered call and I real long on Google.  I plan on staying long through out the upcoming earnings period in three weeks.

Check out the video and see my current P/L and stocks I’ve been trading.  Remember, I do a video just about everyday.  So please subscribe to the Youtube channel and don’t forget to hit the notification bell.

Thanks for watching.