QQQ New All Time Lows! Pockets Of Opportunity.

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Hey Options Trader,

$QQQ ( ▼ 5.35% ) just made new all time lows today. $VIX ( ▲ 39.56% ) also saw new all time highs trading above $29. We are definitely closer to the bottom than to the top. The risk at this point is to the upside. With this in mind, there are a few stocks that look dirt cheap and have valuations that are well below the S&P 500 P/E ratio of 28.

Here’s what we are covering:

1. QQQ and VIX - Crash Levels To Be Aware Of

2. 2 Stocks That Are Holding Stronger Than Most Above 200 Day Moving Average

3. Client Profits During Bearish Move - Our Key Strategy

QQQ and VIX - Crash Levels To Be Aware Of

While we are not out of the woods on $QQQ ( ▼ 5.35% ) , I do believe we are closer to the bottom then last week. An all out capitulation sell off would most likely take us down to $448 before we resume upwards.

If the CPI data comes in good tomorrow, that would indicate the Federal Reserve may lower interest rates with 100% certainty in June. This would be good for the markets. If this takes place, I think the bottom is in tomorrow.

If the inflation data doesn’t come in good, we could be headed lower for another week until Jerome Powell caves in and lowers rates.

With $VIX ( ▲ 39.56% ) sitting at $28-$29, I would like to see one last capitulation event to make this thing go up to $35-$40. This flush would start an aggressive and violent move to the upside as all shorts would cover their positions and institutions would step in to stocks at massive discounts.

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2 Stocks Above 200 Day Moving Average - I’m Buying More

$HOOD ( ▼ 10.36% ) saw a -20% flush yesterday bringing the stock well below the lower bollinger band and oversold on the RSI. Instead of selling more Cash Secured Puts, I purchased LEAPS call options.

The PE ratio is at 23 which is well below the $SPX ( ▼ 4.84% ) PE ratio of 28. This indicates this growth company is undervalued, which is rare to see on a tech stock like this.

$32 strike cash secured puts and $35 strike LEAPS are good plays on this stock.

$PLTR ( ▼ 4.4% ) is a stock that most people would say is astronomically overvalued trading at a PE ratio of 405. Usually during a market crash “overvalued” stocks like this are first to go -60%+. That’s not what we’ve seen with PLTR. In fact, this stock is hugging the $78 dollar area and trading well above it’s 200 day moving average, unlike some of the darling blue chips in my portfolio ( $AMZN ( ▼ 8.98% ) & $GOOGL ( ▼ 4.02% ) ).

I doubled down on some LEAPS and have over $100k in cash secured puts.

$67.5 cash secured puts and $70 strike LEAPS are a good play.

Client Wins $4,000 Profit Even With Market Crashing

If you are having trouble profiting during this downturn and want to be able to profit on both bullish and bearish action, while having a 7 figure trader help you step by step, click the link below.

Weekly Wisdom

“If you can’t see your portfolio value go down 6 figures, you’ll never make millions in the market. Focus on collecting premium, shares, and LEAPS during crashes to 3x-4x performance when the market rebounds.”

-Ryan