3 Best Trades on Nasdaq’s New Record High

Breakouts await in these mega cap tech stocks…

This story was originally published here.

Tech stocks are stole the headlines yesterday with the Nasdaq-100 officially reaching a record high. In celebration of the milestone, and to help you make some dough, here are three Nasdaq stocks to buy.

Some would say yesterday’s push into all-time highs was inevitable. Large-cap tech has led the market recovery since day one. Relative strength was even its loyal companion during the March massacre. Compared to the broader S&P 500’s drop of 36%, the Invesco QQQ ETF (NASDAQ:QQQ) was only down 31% at its trough.

While it’s true that the market recovery has broadened out to include small-caps and sectors that initially lagged, it hasn’t come at the expense of the tech sector. We’ve seen a slight slowing in the ascent over the past two weeks, but all support zones have held firm, and the uptrend remains intact.

Let’s take a closer look at the price levels that need to be broken before you pile in with new trades.

Nasdaq Stocks to Buy: Apple (AAPL)

Nasdaq Stocks to Buy: Apple (AAPL)Source: The thinkorswim® platform from TD Ameritrade

As the largest holding in the Nasdaq-100, Apple deserves the first mention. Unlike QQQ, AAPL stock hasn’t eclipsed its February peak at $327.85. As of Monday’s close, it was still 1.7% away. The silver lining of not yet breaking out is we aren’t forced to chase. Instead, we can build out a bullish strategy conditional on the tech giant clearing resistance.

In fact, the longer it coils up here, the more compelling the future resistance breach becomes. Longer-term bases usually yield bigger rallies than those comprised of only a few candles. Another reason the pause is welcome is it allows the stock to work through the overbought pressures arising after April’s ascent.

The volatility lull settling on Apple shares has driven options demand into the toilet. The implied volatility rank is only 11%, reflecting cheap premiums.

Once AAPL closes over $327.85, consider buying call spreads.

The Trade: Buy the July $330/$340 bull call spread for around $4.

Editor's Note: Click here to keep reading.

65 Unique Ways ANYONE Can Make Extra Cash (Without Getting a Second Job)

Are you looking for great sources of real income, without having to get a second job?

Then keep reading, because author Neil George wants to send you his new book that profiles 65 simple ways to earn large amounts of work-free income.

…extra cash that you can collect ON TOP of your Social Security check…

…without messing around with crappy jobs. (Pizza delivery driver? No way.)

These are PROVEN cash-gushing strategies… the kind typically used by the wealthy elite.

And the best part…

Neil George has set aside copies of his book, Income for Life, and he’s willing to send you a hardback version today, ABSOLUTELY FREE (just pay shipping).

(Just 517 copies left, so click here to claim yours before it's ripped away.)
Here's just a sample of what you can find inside:

  • Learn the secret of the $50,000 lump sum Social Security check. Seriously, it couldn’t be easier!
  • Use what Neil calls the “F.H.A. Loophole” to get the government to pay your mortgage – PLUS receive hundreds in extra cash on top.(Page 217)
  • Collect $100s for pictures in Old Family Photo Albums! Believe it or not, there is an easy way to turn your old artwork/photographs into $100 bills (certain businesses are desperate). (Page 297)
  • Get paid every time your favorite song gets played on the radio! This little-known website allows you to tap into royalty payments every time your favorite song is played on the radio. Some lucky folks collect thousands of dollars a year! (Page 307)
  • Pocket upwards of $197 PER HOUR simply by taking a walk through the woods in the fall… or $137 while visiting your favorite beach in the summer… and many, many more!

Needless to say, this book has become highly sought after.

So if you don't claim your free copy of Income for Life today, we'll send it to the person behind you in line…

Don't let that happen. Click here to claim your copy now!