Let’s Not Forget

Hi Shoppers,

Today is the 50th anniversary of Memorial Day as an official federal holiday, and, sadly, it’s the first year we do not have any Pearl Harbor survivors with us.

From its roots as the Continental Army (established in 1775), the U.S. Armed Forces have grown to include the Army, Navy, Air Force, Marines, Coast Guard and Space Force, with 1.4 million active personnel. 

Our nation is considered the world’s most powerful military because we spend by far the most money on defense — three times more than China at No. 2. (It also doesn’t hurt that we have 800 bases outside our borders.)

The U.S. is ranked No. 4 for military spending as a percentage of GDP at 3.7%. Saudia Arabia is No. 1 at 8.4%, followed by Israel (5.6%) and Russia with (4.3%).

China comes in at number ten spending only 1.75% of their GDP.

History of Memorial Day

In the years following the Civil War, a group of women in Columbus, Miss., began placing wreaths and flowers on the graves of fallen Confederate soldiers.

Noticing that the graves of Union soldiers remained bare, they started placing flowers in that cemetery, too.

In 1868 Gen. John A. Logan, a Union veteran leader, established Decoration Day stating, “Let no neglect, no ravages of time, testify to the present or to the coming generations that we have forgotten as a people the cost of a free and undivided republic.” 

Since 2000, the National Moment of Remembrance has been a way to raise awareness and respect for Memorial Day. It’s intended to encourage all Americans to stop what they are doing at 3 p.m. on Memorial Day for a moment of silence to remember and honor those who have made the ultimate sacrifice serving our country.

It’s a small, but meaningful, gesture and I hope everyone will participate.


On the trading front, it will be a short week, but I have an interesting idea heading into tomorrow.

Let me show you what I am seeing on the Quantumscape (Ticker: QS) stock chart.

It is the bullish engulfing formation created by a large green candle engulfing the previous red candle. This signifies a change in trend to the upside.

Looking at the one-year chart below, you can see this level for QS is also a support area:

Looking at the options chain, I like buying the regular expiration June 18, which has 19 days left, decent volume and markets that aren’t too wide.

I will buy the June 18 26-strike calls with an implied volatility of 86.12 and sell the 31-strike calls at an implied vol of 88.99.

That’s paying $1.50 for the five-point spread with 19 days until expiration.

I will take my loss if the spread trades down towards a dollar. I will begin profit taking at the $2.50 level and higher.

Enjoy your extra day off, but also don’t forget to remember.

Thanks for Reading … See You Next Tuesday!

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