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The Bulls and The Bears Are at War…

The Bulls and The Bears Are at War…

Posted On July 26, 2021 2:09 pm
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Dear Reader,

Last Tuesday, after the market recovered from the sell off Monday and the previous Friday, I warned that the sell off might not be over. 

Yes I’m still bullish, but markets go up and down while in a bull market…

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And this market just keeps shooting to the moon, fueled by cheap and abundant money. 

Last night the Asian markets got hit hard, which normally means we could see some pressure in our markets. 

On top of that, technical indicators are flashing warning signs all over the place.

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And as of this writing the markets have barely moved. 

The Russell 2000 is down .05%, and the S&P 500 is up .12%.  The Dow and Nasdaq fall in between. 

Put bluntly, that means there are some powerful forces working to counteract the bearish pressure. 

Liquidity and low rates? Yes. 

Something else behind the scenes?  Perhaps. 

Whatever is going on, we’ll just need to sit back and see who wins. 

And I’m the meantime, pick out spots carefully!

More on that tomorrow.

Don’t miss out on the trades I’m recommending right now, you can climb on board Options360 for the unbelievably low rate of just $19!

You can rest assured it’ll be the best money you’ve ever spent!  

To Your Success,

Steve

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.

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