Stock Market Analysis

Monday, October 23, 2017

US Market Outlook Week 4 October

Last Friday, the US market surged right after I said that should be the start of the profit taking phase I have talked about for the past 2 weeks.

Was I wrong?

Well, not yet. :)

Why is that so? That's because what the S&P500 did last Friday was exactly the same kind of exhaustion peak that typically starts a profit taking phase... a strong single day rally opening with a gap, closing strong with a surge volume. This was the exact pattern that started the S&P500's slide back on 19 June of this year. As such, I would be very careful with trying to get in new longs at this level.

How the S&P500 do today would be critical. If it follows up with another positive day, that will completely reverse the profit taking pattern and signal a continuation pattern especially in this strong intermediate and primary bull trend.

Even under such uncertain conditions, my Ride the Flow system continues to produce its average monthly profit, adding a nice 4.5% to our portfolio this month! :) In fact, one of my students who traded the Ride the Flow system since January of this year is sitting on almost 40% gain on his overall portfolio right now! Here is his voice recorded testimony:

Check out my Ride the Flow system and find out how you can make 5 to 8% every month on your portfolio easily under every market condition now!

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


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