Bulls Are Back!

BULLS ARE BACK!

Welcome to Week 3 of March!

Week 3 of March, June, September and December are Quadruple Witching weeks, meaning, 4 different derivative instruments all expire together on the same Friday on these months, creating an exceptionally volatile day on the day itself and some abnormally bullish tendencies on large cap stocks.

This tendency continues to support the bullish breakout last Friday, which happened exactly as I have predicted last week, breaking out on the back of the Jobs Report!

This week's bullish tendency on Quadruple Witching week continues to support this bullish reversal! However, I won't be surprised to see some profit taking on Monday and / or Tuesday as some short term traders take profit off the table on their correct short term bet. Even so, the reversal pattern has been completed and there simply isn't any reason to believe that the bulls are back and that we should see new highs soon. In fact, both the bond yields and the total equities put call ratio are moving together at last once again.

All in all, exactly as I have predicted last week, the intermediate correction has officially ended and the bulls are back again.

 

Were you prepositioned to take advantage of this like we did? If not, you should really join me for just $1 at http://mastersoequity.com now!

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