By: Steve Smith
Tuesday we talked about the volatility of this market.
Monday we had a 365-point drop in the Dow, and we closed off the lows for the day. We also saw a spike in the VIX to a 2-month high of 28.
Tuesday was a pretty calm day in the markets…
Then Wednesday and now today the markets are bouncing back.
Monday saw a 441 pt jump in the Dow, and as I write this we are up 271 pts on the day.
So despite Monday’s sell-off and the corresponding spike in the VIX…
The market shrugged it off and just kept marching on.
Here’s my point, traders who thought Monday was the beginning of “the crash” that all the talking heads are crowing about are missing out on some nice gains in the market right now.
That’s why we can’t be too ready to dismiss the bull market.
Will it end? Of course, it always does.
But when will that be?
We don’t know, and trying to predict it is what my father would have called a “fool’s errand.”
Remember, my father was a premium collecting mad man. He took risks that would keep me up at night.
So we will continue to do what we do in Options360. We will leverage the bull market by making cautious trades with limited and predetermined downsides.
That’s how we delivered a 48% return last year, and how we have beat the S&P every year since we launched.
If you haven’t claimed your trial subscription, make sure you claim it now.
To Your Success,