All Out Bull Leg?

Without any surprise, the US market staged a topside breakout of its month long sideways volatile congestion channel exactly how I predicted it the week before. I started prepositioning my Master's Stock Options Picks Subscribers into QQQ and SPY call options last week and we are now holding on profitable positions right now. My conservative income strategy, the Ride the Flow System also made a nice 7% profit for April, for an annualised 84% gain, which is not bad as well. Have you profited from last week's move?

Its ISM week this week with the market moving ISM number to be released on Friday. Economic data continues to be volatile and earnings continue to be mixed so I am expecting a volatile week ahead. This outlook is also supported by a sudden plunge in total equities put call ratio in favor of call options, such a plunge is never a good thing so I expect to see some slight profit taking early this week. However, the breakout remains well formed with nothing out of sort to cast doubt on its validity. Let's ride a new leg up!

For now, US market turned from a short term neutral trend into a short term bull trend within an intermediate and primary bull trend... yes, an all out bull.