The market was up a little bit, but it’s less about the strength of the market and more about the market taking a breather on the way down.
The theme of “higher rates for longer” that The Fed introduced at its recent meeting is very bearish.
And soon, this theme could start to show up in corporate earnings. It’s going to be a headwind for companies.
If that’s the case and earnings do go down, we’ll probably see the market take a big hit.
But don’t forget what I said yesterday: The market will see a rally before the end of the year.
I wouldn’t go long just yet — but keep an eye out for it. I’m expecting it in tech. (Nasdaq/QQQ)
Now, with all this market chaos going on you have to make a decision…
You can spend your life watching the market minute by minute, trying to figure out if stocks are going up or down.
Or you can discover how to trade in a way that works no matter what the market is doing. (even if its just moving sideways!)
I’ve mentioned this before and I’ll mention it till the cows come home, because it’s where I put a big chunk of my personal funds:
Selling options.
Specifically, use this exercise I showed you a few days ago so you can see how much money is out there to be made… every single week.
You sell an option on a Tuesday that expires 3 days later at the end of day Friday… and you keep the cash!
I’m telling you. If you are not doing this, you are missing out.
Trade well,
Jack Carter
P.S. If this market has you rattled, ask yourself one question: Have I been BUYING or SELLING options? If you’ve on the buy side, why not consider a strategy that lets you change sides. It could change everything for you.