Here We Go Over the Cliff, TGO Portfolio Profits on Hedges
By Matthew “Whiz” Buckley
With last night’s failed attempt to vote on Boehner’s so called Plan B, the market is waking up to the reality that we may, in fact, go over the Fiscal Cliff. The market is going to implode today with some analysts calling for a 10-15% correction.
Fortunately, our Model Portfolios were hedged for this contingency and should keep our portfolios safe today. We may even see a nice profit as other screens bleed red. Our Bullish Double Vertical on SDS and Bearish Double Vertical on AAPL, for example, will be bright green on this volatile day.
Trading is combat and you MUST be ready to deal with the ‘known unknowns.’ That’s what we do every day at Top Gun Options and Wealth Creation Investing.
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