We are seeing tons of significant bounces upward in the market this morning. Some of our positions jumping 10%, one of them up 20% this market open…So I am optimistic. But we need to see those prices HOLD.
My speculation is the market will recover and continue its trajectory upwards. I said it in the video, and I will put it in bold here:
WE ARE IN A BULL MARKET.
However, the past roughly 2 months, we have not seen “pocket aces” positions win (watch the short video if you have no idea what I am talking about here.)
When we see the following…
VIX break below 21, and hold
S&P 500 break out of the range of death
A sector break out and/or bear get royally f&$ked in short squeezes in a stock
… then I will resume Mid-Week movers.
When I blab my fat mouth on the internet, and give you a stock pick, its because I think the odds are heavily in your favor of having a winning hand. When we are unsure, or what are normally “winning hands”, are not winning: I shut up and wait for them to work.
I do not bet on my speculations…I bet on confirmations and performance.
If you are looking for something more steady with out all the “trading” worries, check out the StockTok ETF 2.0. The original has tripled the performance of the S&P 500, and this new version has already started pulling away.
I will keep you updated, as always. If you have questions, feel free to swing by the main chat!
