I have some tips after looking at the market so far this week.
The DOW and S & P have been trending downwards the last couple of days and if you're looking to buy now is the time! Right now the market has been pretty dull, there have been some earning winners but the rumors of Bernake retiring (which would slow down the market) and Romney's performance on Monday (chances of having a businessman in office) have some investors worried.
What do you do when the markets are flat? Don't get scared or shrug away, BUY!!
One of the fundamentals of trading: Buy low, sell high. You aren't going to be able to buy as much in bullish market.
I've attached the charts for both below to show trends
Buy some gold! The Gold December options (GCZ2) are a buy right now!
When people start to get worried about the stock market they look to gold.
I've attached a chart showing the relationship between the Dow and Gold for the last 3 years. We notice that when the dow drops gold goes up. What's the dow doing right now...(Going Down) it's just a matter of time before gold reacts.
The price forecast of gold for 2013 has been estimated $2,000 per ounce!
Google: Google is a good company and we've seen solid growth in the last six months. Right now is the time to take advantage of the price drop (anywhere between 675-680). I'm going with some $755 Nov Calls (priced at about .65). Google was able to reach the 750 range at this beginning of this month/ end of September and I think we will see it again.
I'll tweet more buys if I have some.
Let me know if you have any questions or if you have some potential buys.
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