It's Amazing

Two weeks ago doomsayers saw 7700 (and we were close) and two weeks later we're looking at over 9100. It's amazing to see what I believe is a manipulated market, with the buyers now Joe The Trader trying to get in to "not lose any of the money that he could have been making." Despite my bearish and contrarian read on a vastly overbought market, however, we had some incredible profits with yet another call -OXBHI (445 Call) which went from an $11.00 buy earlier this week to top sells of 17.80. This gives us profits on 11 straight calls, one stop loss to the put, and a put we are holding that is now far OTM.

We've projected what the market could now go to in our new Dow Projections, and also note that we went from a low strength 3 to 4 to the call, to vastly overbought conditions. The stock market is like a rubber band.

Some bull markets, like the internet, will stretch the rubber band until it become a giant bubble, and we've just experienced other bubbles. I find 1000 point moves just "WTF" and can see China buying us up to short the market, and get Treasury markets moving to their direction. Many subscribers wrote in with their theories on China, or market makers just running it up, Wall Street on fire, and sitting on Wall Street with long planned puts for the fall.

Who knows? It's nuts at this point, and you've read enough hyperbole in the news to thoroughly confuse you. I know we made up 62% on the calls yesterday, and hold a good long term hedge in BGZ, now moved to arsenal.

This risk trade will surprise traders with its massive rise on any downturn, or be "lost money." Our last Blue Chip option trade like this returned 1400% in 17 days.

And at the same time, there is just enough nuts euphoria out there to drive this market further up, to draw everyone in, before the next bear market.

So, new trades again, let's keep the profit trend up!