≈ The psychological thriller of the S&P 500. ≈

Yesterday marked 39 years since Sir Alfred Hitchcock has left the world of the living creatures to walk among those in the world of the deceased. Such an iconic figure with a particularly dark sense of humor, he pioneered many techniques in the suspense and psychological thriller genres leaving mankind with an impeccable body of work. Thank you for your service, Sir. Much appreciated.

Also yesterday, as if it was honoring the death of the Master of Suspense, the S&P 500 (INDEX: SPX) hit the all-time high mark at 2949.52. We’ve been witnessing the downfall and rise of the S&P since October last year in a never-ending cycle of ups and downs in the midst of a constant tornado of misinformation. Now the psychological thriller is over, everything looks clear, the psycho was put behind bars, and the end credits can be screened.

Not at all.

Just like in Rear Window, Psycho, Rope, Vertigo or Dial M for Murder, the suspense is still killing and the climax hasn’t arrived yet. Breakout or Fakeout? Hold or capitulate?

Hold your breath and try not to choke with the popcorn. While sitting tight, click ASK to buy some insurance for your portfolio.

Chart of the Day

Dial M for Murder

This is an excerpt from the Bear Market Survival Guide presentation we did last year: how to spot a bear market. Watch the full Dial M for Murder story HERE.

Video of the day

Scottie’s Nightmare (Vertigo, 1958)

This is what the falling of the S&P 500 would cause to traders without portfolio protection.

Today’s line up

Tales of a Technician

How to Invest Your Emergency Fund

Jimbo dropped a great question in the Clubhouse last week that I wanted to respond to. It’s a query that I hear occasionally and have developed some perspective on. Today I’m going to share how I think about investing your emergency fund.

Traders Lounge 11PM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show 8:30PM EST

This is our weekly MasterMind group. Join the coaches tonight, 8:30pm EST to discuss the markets and help you prepare for the week.

Halftime Report 12:30PM 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.

Market Recap

The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.

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