REVEALED: What I Feel Is ‘In the Works’ This Week

REVEALED: What I Feel Is ‘In the Works’ This Week

Posted On April 25, 2022 1:52 pm

I am going to break one of my cardinal rules today and talk about what I “feel” is in the works this week.

Namely, a turnaround day.  

Unfortunately, even if I am correct it doesn’t mean we are all clear for the market to start marching up again.  

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I am worried that we are close to a “fear phase” in the market, which is normally followed by capitulation and then despair…

Before rebounding to mean valuations.  

I don’t know how long you have been trading, but I can tell you that in the capitulation and despair phases of market psychology people get hurt…

And often hurt badly. 

We aren’t there yet, and I’m not convinced we have to go there…

But if we do, caution will be the name of the game.  

Yes, there is an opportunity – but you better know your stuff, or get someone on your side that does know their stuff!

Either way, don’t be fooled if you see a big one-day turnaround in the market this week.  

Nothing is for sure, and we are “near the fear,” so keep your eyes open and trade carefully. 

To Your Success,


PS. If you have not taken me up on my invitation for a trial subscription to Options360, this would be the perfect time.  

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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.