WHAT is Going on With This Market?

WHAT is Going on With This Market?

Posted On October 7, 2021 3:28 pm

Yesterday I double-downed on a statement I made last Friday, namely:

Presently, the upward momentum is broken.”

Then the S&P 500 opened almost 1.5% up this morning…

And as of this writing, it looks like it’ll be a good day for the index. 

So the natural question is: How can I square that statement with today’s performance…

And the answer is, “a day does not a trend make!”

[$19 SALE] Try out the concierge trading service that’s delivered its members 39% to 122% annual profits —  The Options360!

We put in a new low in the market and now we are seeing a natural rally…

And while there is no indicator that suggests any panic selling is on the horizon, there’s no doubt that we have a stall in the upward momentum we have been watching play out over the last several months.   

I’m not suggesting that we should run out and take a lot of bearish positions…

But you also don’t want to take on a bunch of bullish positions based solely on today’s jump.

Instead, it is time for patience and caution!  

I know you are likely tired of me saying that, however, that is the key to success in this market. 

Remember, Options360 is up 41% YTD, and we still have a very exciting 4th quarter before we are done.

Track this trade & get all my new recommendations in real-time.  Claim your insanely inexpensive $19 trial offer into Options360 Concierge Trading Service   

Keep in mind that the S&P is only up around 18% – so this is shaping up to be yet another year that we smash our benchmark!

Here’s the point, professional traders make money in this kind of market, and retail/inexperienced traders lose money.  

That’s because we don’t jump too quickly.  We take our time and wait for our spots. 

Right now is the perfect time to take advantage of some expert coaching and trade recommendations, as you find in my concierge trading service Options360.

And even better, you can grab your trial subscription for just $19!


To Your Success,


About author

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.