«Bears are being roasted and toasted.»
Traders,
Equities entered rarified air yesterday. The Nasdaq’s performance is perhaps the most jarring one to cite.
+7.35%
It was the largest gain for stocks in over two years. Bulls are taking a victory lap this morning, as they deservedly should. This was not some retail-driven rally but a seismic shift in institutional positioning across all asset classes. The dollar and yields got killed. Commodities and foreign stocks joined U.S. equities on their rocket ship ride to the moon.
Don’t feel bad for bears. Their comeuppance was a long time coming.
Video Of The Day: Trading Concept Check: 1 2 3 Pattern (BEARISH Example)
Core 1-2-3 trading pattern is the key to increasing the Probability of Profit. Trend, patterns and setups like the 1-2-3 pattern setup can improve the probability of profit for directional trades.
Chart of the Day: Emerging Markets ($EEM)
The weak dollar and bullish headlines out of China are jamming emerging market stocks to the moon today. Welcome back, bulls. Welcome back.
Options Theory Blog
Whole Life Insurance vs. Roth IRA
Let’s discuss the merits of investing via whole life insurance versus a Roth IRA.
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Cash Flow Club Replay
If you missed last night’s webinar where Coach Tyler talked about Naked Puts are Synthetic Covered Calls or would like to watch it again, check it out here.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.
Women in Trading MasterMind Group 7:00 PM EST
Once a month we’ll be hosting a live webinar featuring Women In Trading with Coach Emily. Get in the game!
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