The LongVol Report
If you missed the article of the week you can read it here.
Bad news is now bad news and while I don’t see too many issues into the election we have PMI and GDP this week with a lot of Fed speakers on deck so I expect us to check back before rallying.
I normally don’t chase beta but given the setups in two Mag 7 names and given that we should rally into the election I am going to put on some longs to juice my returns a bit more and unless this data this week is missing it’s just hard to believe us selling off too much.
INTC 0.00%↑ - I talked about this on the article of the week last week and picked up long equity and some dated calls on it and allegedly Qualcom is interested in taking them over as of Friday. Seems a bit suspect to me but $24-$25 was going to be my exit anyway so we’ll see if we get that.
More inside including issue 38 and the Sunday video.