It’s been a wild week in the market. The two up days were followed by several down days, and now we’re down big again on Friday morning.
Here’s what to make of it:
I’m looking for the S&P to drop down around that 3600 level and maybe even test some lows.
Earnings are starting next week, but don’t expect any really good earnings from most companies. It’d be almost impossible.
Now, in a volatile market, the best thing you can do is set yourself up to trade in both directions at one time.
Just yesterday, we had a monster win doing that — 61.30% in just about three hours — because the stock we picked got short-squeezed going into the close.
Since we started this strategy, we’ve had five trades, and four have been winners. Our won loser was a fairly minor 35%, and our winners have averaged out to be over 37% apiece. So do the math.
This system is working for us right now, in a big way, thanks to all this volatility in the market.
And if you’re unsure how we do it, all you need to do is watch this quick demonstration to understand everything.
Have a great weekend, and we’ll talk real soon.