Futures were up, and the market hit theoretical Dow tops of 11,822. As you view our Dow projections, which have been identical for two market weeks now, it will look obvious we are approaching tops and that a correction will come.
Each day this week our call trade has made more money, for the day traders, and for those who bought Monday and just held. Our put as a hedge has lost again, but the sum of the parts outway any loss.
Two buys have been made to the put. Follow each rule to the open signal listing and there may be one more profit in this week's trading.
We are slowly seeing a market shift, but as it shifts, it reverts again. The contrarians now argue the euphoria is actually bad for the market and the true bulls think we'll create a new bubble to 13,000.
And earnings are out.
Just follow the rules. You'll miss a trade or two, but you also can buy and hold, make note, and note just day trade for a buck. Those that held the call from the Monday buy had some excellent returns.
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