Hi Shoppers,
Happy Father’s Day to all you dads out there.
There are more than 70 million of you in the U.S.
But sorry, guys, Mother’s Day came first – it was made a holiday in 1908.
Dads didn’t get their due until 1972 when Richard Nixon made Father’s Day a federal holiday.
Maybe it’s because people figured dads would complain about families spending hard-earned money on gifts.
It’s worth it, though!
All you dads deserve praise and recognition – at least once a year anyway!
As we all know, parenting ain’t easy (especially these days).
Enjoy your day – and my gift to you:
A new trade idea!
Well, Well, Wells Fargo
Check out the Wells Fargo (Ticker: WFC) chart:
WFC formed a hammer (bullish signal of change in trend) on Thursday and we had confirmation on Friday.
I think WFC can trade back up to $40 – closing the gap created on June 13 – and from there possibly trade over $41.
As we have seen, any rally has been short lived so I am looking for a quick move higher.
I like buying the June 24 38.50 calls:
I would pay around $.75 for these if WFC opens and trades higher on Tuesday.
Thanks for Reading … See You Next Tuesday.
Licia Leslie