US Market Outlook Week 2 November 2017
Welcome to week 2 of November 2017!
Week 2s of every month tend to be somewhat boring in the US market because its the week following all of the biggest economic data (week 1) and there won't be any significant economic data.
Last week really turned out EXACTLY how I predicted it to with the Jobs Report launching the US market into new highs exactly like I said it would last week... here's what I said:
"the market remained bullish inclined ahead of Friday's jobs report as it has a much higher chance of surprising to upside than downside. And the good thing is, not much of that upside surprise has been priced in yet, as such, I would expect Friday to be yet another very strong day if indeed the report turn in better than expected at 8:30am EST."
And it was exactly as I said it would! (and yes, the DIA call options that me and my Master's Stock Options Picks subscribers prepositioned with are profitable now as well!) Here's my DIA position, just a small one to make sure I don't miss out on the breakout when it happens:
So far, the Nasdaq has rushed ahead of the crowd like it always does while the Dow and the S&P500 completes a more healthy looking bullish reversal pattern. All in all, I don't see any reason why this isn't the start of yet another bull leg. In fact, my Ride the Flow income trading method is roaring this month as well with over 15.4% gained so far! In fact, my student just sent me this report:
(this is part of the weekly report I require from my students)
Enjoy the ride!
For now, the market remains in all out bull trend.
Week 2s of every month tend to be somewhat boring in the US market because its the week following all of the biggest economic data (week 1) and there won't be any significant economic data.
Last week really turned out EXACTLY how I predicted it to with the Jobs Report launching the US market into new highs exactly like I said it would last week... here's what I said:
"the market remained bullish inclined ahead of Friday's jobs report as it has a much higher chance of surprising to upside than downside. And the good thing is, not much of that upside surprise has been priced in yet, as such, I would expect Friday to be yet another very strong day if indeed the report turn in better than expected at 8:30am EST."
And it was exactly as I said it would! (and yes, the DIA call options that me and my Master's Stock Options Picks subscribers prepositioned with are profitable now as well!) Here's my DIA position, just a small one to make sure I don't miss out on the breakout when it happens:
So far, the Nasdaq has rushed ahead of the crowd like it always does while the Dow and the S&P500 completes a more healthy looking bullish reversal pattern. All in all, I don't see any reason why this isn't the start of yet another bull leg. In fact, my Ride the Flow income trading method is roaring this month as well with over 15.4% gained so far! In fact, my student just sent me this report:
Enjoy the ride!
For now, the market remains in all out bull trend.
posted by Jason Ng at 2:24 AM
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