Are we feeling good, or are we feeling good?
In the last few weeks, the stock market has been rocketing off, making fools out of the bears calling for a Black Monday a month ago and a deep selloff 2 weeks ago.
They have never heard of window dressing. Now that YOU know about it, benefit from it for the rest of your life. You know something that gives you an edge. Use it!
Moodys downgraded the US credit rating on a Friday near the end of the day, and the government might shut down (what else is new? Isn’t it always almost going to shut down- maybe? - but then never does?)
CPI data came in below expectations, and the market loves it. This gives our favorite stocks with great 5 yr, 1 yr and 3 month charts a blessing to continue to storm ahead.
My favorite trade for this pattern is the bullish bear call spread and the covered call with odd lots of stock. What do I mean? Instead of buying 100 shares to do a covered call- buy 130 and allow those 30 shares to jump up in value free and clear of being called away.
You’ve been studying the market for a while now. Are you getting good at noticing the patterns and playing those to your benefit?
