By: Steve Smith
This morning the Dow opened 350 points down.
This is a perfect example of what I have been warning about the last few weeks.
Luckily the market has recovered nicely and is even in positive territory on the day…
However we should look at this as a warning shot.
A large and sudden dip that didn’t have anything to do with the fundamentals or technicals.
As a matter of fact, late last week and over the weekend we got news about a new stimulus plan, so it would have been reasonable to see the Dow open higher this morning.
However, out of left field we had a story about a new strain of COVID in Europe, and that sent the market spinning.
Once again, while the COVID news is concerning, it doesn’t have anything to do with the “normal” reasons why we see a market move. (Of course there’s very little that is “normal” about this market.)
Here’s my point, we should be approaching the market with cautious optimism. Yes I still think the market is going to trend up…
But I am ready and protected if that changes.
That’s why Options360 consistently beats our S&P benchmark.
And why my subscribers love what we do.
We grind it out. It might not be exciting, but we are 44% up for the year including winners and losers.
You can still get your trial membership to Options360 for just $19. And you should grab it now, I’m just not sure how long my publisher will allow me to keep the price so low.
To Your Success,
PS. If you don’t grab your trial subscription before the end of the year, you may miss your chance to get it for just $19.