Quantcast
The Rally Came 2 Days Early…

The Rally Came 2 Days Early…

Posted On November 5, 2020 1:46 pm
By:

For two weeks I’ve been telling my readers that I expected a post-election rally.  

I tend to avoid making those kinds of predictions because as analyst predictions are a good way to end up with egg on your face.  

In my experience, most of the analysts who make predictions tend to make A LOT of predictions then brag about the ones that come to pass.  

Kind of like throwing buckets of mud at the wall to see what sticks.  

That said, I felt sure that we would see a post-election rally based on decades of market movement after presidential elections. 

Low and behold I was wrong…

The market rally started the day BEFORE the election!

That’s a new one for me, but as I have said a thousand times in the past and will say a thousand more times in the future (because it is true)…

“Markets can remain irrational longer than you can remain solvent.” – John Maynard Keynes

The good news for my Options360 subscribers is that we always remain nimble and ready to respond quickly to market moves.  

So even though I wasn’t expecting the rally until Wednesday or Thursday…

When the markets told me they were ready to rally on Monday we put on some trades to take advantage of the price action. 

We immediately took some long positions designed to take advantage of the surging market, and 2 positions that will allow us to benefit from the volatility in the market.  

Unfortunately, if you are not a subscriber the ship has sailed on those trades…

But you can take the ride with the rest of us for just $19.

You get full access to Options360, including members-only training webinars to help make you the best trader you can be…

And of course, you get access to my research and recommendations.  

Just click here and claim your trial membership

It’ll be the best $19 you’ve ever invested!

To Your Success,

Steve

Tagged with:

About author

Steve Smith
Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.

Related Articles

Leave a reply

Your email address will not be published. Required fields are marked *