Lots to catch up since my last update. First I was looking to start to re-enter TLT (20 year Bond ETF) in the 97.00’s The low Tuesday was 97.70 before a strong close at 98.70. I didn’t take my own advice though and am waiting for another leg down below 97.70 to enter. I can’t know whether that happens, but I do believe that the TLT needs a bit more consolidation in time before it gathers strength for another leg up. 

My last stock rec especially suitable for option players since time premiums were small was Las Vegas Sands (LVS). The stock was given just under $40 and Tuesday it traded above $45 for a 12% gain in under two weeks. Lots of doubles and triples and more on those LVS call options! 

Today I was keeping an eye on Micron (MU). It is a semiconductor stock that has been beaten up to 50% of its high price in just a few months. They report earnings today. Good earnings there could/should bouy the whole sector.  Nvidia (NVDA) finally got rolling today. Look for this sector to take over some leadership and higher prices.

Thanks,

Joe