Another Sideways Day...
The Dow made another completely sideways day today, closing marginally lower by 6 points.
Fundamentals
Better than expected housing data today did nothing but fuel the weak bulls and adding to the uncertainty in the market. This led to a market with plenty to be bullish about (the good economic data) and plenty to be bearish about (the negative sentiment, the correction), creating another uncertain volatile market condition. Options traders continue to keep total equities put call ratio between 0.9 and 1.1 today, echoing the uncertainty. Investors also depressed bond yields significantly as more go for the safety of bonds. Indeed, this correction has happened so fast and hard it is difficult to take sides at this point. Especially with some critical economic data still on the recovery so its hard to be completely bearish either. So how does one profit in a market condition like this? Using my Ride the Flow System of course, a proprietary options strategy designed for maximum profit under volatile market conditions. In fact, I just made 21.5% profit for the month of May! Check out my Ride the Flow System now!
Technicals
The Dow continued sideways in a volatile manner as I have expected and predicted, no surprises there. In fact, it looks more and more certain that this is the bottom of this intermediate correction and after the ensuing volatile sideways "digestion" channel, we should see the primary bull trend resume. However, the volatile condition might be a fairly extended one which makes it a good time for my Ride the Flow system of course. :)
For now, the Dow remains in short term and intermediate bear trend within a primary bull trend.
Fundamentals
Better than expected housing data today did nothing but fuel the weak bulls and adding to the uncertainty in the market. This led to a market with plenty to be bullish about (the good economic data) and plenty to be bearish about (the negative sentiment, the correction), creating another uncertain volatile market condition. Options traders continue to keep total equities put call ratio between 0.9 and 1.1 today, echoing the uncertainty. Investors also depressed bond yields significantly as more go for the safety of bonds. Indeed, this correction has happened so fast and hard it is difficult to take sides at this point. Especially with some critical economic data still on the recovery so its hard to be completely bearish either. So how does one profit in a market condition like this? Using my Ride the Flow System of course, a proprietary options strategy designed for maximum profit under volatile market conditions. In fact, I just made 21.5% profit for the month of May! Check out my Ride the Flow System now!
Technicals
The Dow continued sideways in a volatile manner as I have expected and predicted, no surprises there. In fact, it looks more and more certain that this is the bottom of this intermediate correction and after the ensuing volatile sideways "digestion" channel, we should see the primary bull trend resume. However, the volatile condition might be a fairly extended one which makes it a good time for my Ride the Flow system of course. :)
For now, the Dow remains in short term and intermediate bear trend within a primary bull trend.
posted by Jason Ng at 6:41 PM
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