A Very Neutral Market For Now...
Welcome back from the Thanksgiving long weekend and to the very final month of 2015!
As expected, last week was a slightly positive week just like almost all of the previous Thanksgiving weeks, allowing me and my Master's Stock Options Picks Subscribers to make a nice quick profit on BABA call options (If you missed such an obvious chance to milk money from the market, you really need to join our Master's Stock Options Picks Service!).
Market sold off today largely due to profit taking as the market once again presses near the major new high resistance level. The market has failed at this level before, if it fails here again, it can be catastrophic. Bond yields continue to flatten and total equities put call ratio persisted in favor of put options trading. All in all, a very bearish day. However, its hard to see the bulls giving up just like that without a fight. The much lower expectation for this coming Friday's jobs report could also help alleviate some rate hammer fears. As such, tomorrow may be an interesting day in the market and possibly a positive one. However, even if it was a positive one, I won't be the first to speculate on a breakout. In fact. I would be closely monitoring how the market behaves over the course of the week before making a firm outlook on where the market is going in the short term. However, looking further down the road, 2016 is still going to be market crash year in my calendar. As such, I would be more cautious on longer term bullish plays while keeping my eyes open for short term plays as usual.
Market Crash Timer: ORANGE
For now, the market turns a short term neutral trend within an intermediate and primary neutral trend.
As expected, last week was a slightly positive week just like almost all of the previous Thanksgiving weeks, allowing me and my Master's Stock Options Picks Subscribers to make a nice quick profit on BABA call options (If you missed such an obvious chance to milk money from the market, you really need to join our Master's Stock Options Picks Service!).
Market sold off today largely due to profit taking as the market once again presses near the major new high resistance level. The market has failed at this level before, if it fails here again, it can be catastrophic. Bond yields continue to flatten and total equities put call ratio persisted in favor of put options trading. All in all, a very bearish day. However, its hard to see the bulls giving up just like that without a fight. The much lower expectation for this coming Friday's jobs report could also help alleviate some rate hammer fears. As such, tomorrow may be an interesting day in the market and possibly a positive one. However, even if it was a positive one, I won't be the first to speculate on a breakout. In fact. I would be closely monitoring how the market behaves over the course of the week before making a firm outlook on where the market is going in the short term. However, looking further down the road, 2016 is still going to be market crash year in my calendar. As such, I would be more cautious on longer term bullish plays while keeping my eyes open for short term plays as usual.
Market Crash Timer: ORANGE
For now, the market turns a short term neutral trend within an intermediate and primary neutral trend.
posted by Jason Ng at 7:22 PM
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