Weekly Update... Week 3 April

Once again the SP-500 reaches upwards for the top of the bullish pennant formation in preparation for an upside breakout just like how I predicted it last week. No surprises there. Total equities put call ratio also came back down to 0.85 in favor of the bulls. Earnings season also starts Monday so, I will not be surprised to see some short term profit taking on Monday after such a bullish week last week ahead of the uncertainties. This was also why I made my Master's Stock Options subscribers take a quick 28.5% profit on our winning call options (Read more about what call options are)position on BAX last Friday ( click here to read about this win ). Perfect market timing, knowing when to take short term profits and knowing when to extend your profit is what makes successful options swing trading. Such perfection and consistent execution may be hard to achieve for amateur traders and this is why we also started our Managed Accounts service for those who would like for me to trade your account for you.

This week is April options expiration week, this is also when our Ride the Flow system takes profit and is set to once again make its predicted 5% to 10% monthly profit without surprises. 

For now, the market remains in short term neutral trend within an intermediate and primary bull trend.