Expecting a ‘Dip and Rip’ From Rome, Italy

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

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