Fundamental Trends - DIY Investing w/ Kirk Spano

As volatility rises on higher oil prices and long-term interest rates, we have moved up cash positioning again. We will look to sell cash-secured puts with bigger premiums and greedy buy low strikes on corrections. Selling covered calls on stock that has rocketed up.

Sometimes the charts tell you what to do. When the different algos are all saying similar things, it pays to listen. Here are 5 stocks worth selling, trimming and/or selling covered calls on now.

Enphase surged into supply, prompting covered-call sales, while cybersecurity, utilities, and gold remain on watch for deeper pullbacks into demand zones with better risk/reward entry opportunities.

Leverage on leverage led to a sharp market rally, but now margin is starting to fall. That has always led to a correction. At the same time, new Fed Chairman Warsh is promising a smaller Fed Balance sheet. Look out below.

Ride momentum when price breaks out, but don’t ignore higher-timeframe warning signals. This week I take profits into strength, add on retests, and map the next high-probability demand zones to watch.