Hey traders,
It’s your Uncle Jack, checking in from Rome, Italy.
Yeah, I know… it’s a long way from home.
But even though I’m thousands of miles away, I’ve still been keeping a close eye on what’s happening in the U.S. markets.
And I gotta tell you, it’s looking good. Real good.
In fact, I’m expecting any little dip we get over the next few days to be a buyable one.
Why?
Because stocks have nothing standing in their way right now. No major obstacles or red flags in sight. The momentum is on our side.
Now, I know some folks might be tempted to get all worked up about upcoming CPI or PPI numbers…
I can’t even talk about CPI or PPI with a straight face these days!
But seriously? Don’t even pay attention to that nonsense.
The CPI and PPI are such a joke, they should be investigated by the FBI!
Look, those reports have been so twisted and manipulated over the years that they’re more of a distraction than anything else.
What really matters is what the market’s telling us right now. And it’s telling us that it’s in great shape.
So here’s my advice: If we see a dip in the next few days, don’t hesitate to buy it.
If you want, you can protect yourself with a trailing stop, or maybe use a married put if you want extra protection against the market dropping.
Either way, I’m expecting a little “dip and rip” — where the market dips briefly and then rips higher.
That’s my take for today, coming at you from the heart of Rome.
Happy Trading,
Jack Carter