Was Last Week a Bear Trap or a Reversal?

Was Last Week a Bear Trap or a Reversal?

Posted On March 21, 2022 12:40 pm

After a strong week, the Dow and Nasdaq opened down slightly, and the S&P opened, essentially, even.

I’m flying back to Florida today after a wonderful weekend with my father and children, so I am writing this in the morning.  We will see what the market does over the next few hours.  

As of now I just see this as a natural pullback after a strong week, and I wouldn’t be surprised to see some pullback in the early part of the week. 

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Don’t read any predictions into that last sentence.  We will need to see what happens from there. 

The geopolitical mess going on right now, uncertainty about the economy, and the price action in the market over the last few weeks…

Makes it too soon to proffer any predictions. 

I, of course, have my opinions – but nothing is clear enough to share them right now. 

It is the time for us, as traders, to be optimistically cautious…

And be careful in the trades we put on.  

That’s the approach we are taking in my concierge trading service, Options360

There’s still opportunity – but with the market whipsawing all over the place, you can get rolled over quickly. 

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Here’s the truth, even if you just let me help you get through this craziness over the next month you will likely be better off than if you try to navigate it on your own. 

I don’t mean to brag, but I’ve been doing this full-time for a long time.

That’s why I have been able to lead my subscribers to yearly returns as high as 125% – including winners and losers.  That includes all of the trades. No cherry-picking.

Last year, I helped subscribers secure a whopping 82% ROI – winners and losers included. 

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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.