Driven lower for all of the opening ten minutes of trading today, then decidedly turned around...
Conditions under the covers belied today's relatively straight line rebound...
All of 128 more NYSE-listed issues and 92 NASDAQ-listed issues advanced than declined today? There is a word summarizing this result. It's pathetic.
But, really, we are presented with but another demonstration of distribution ... and the prospect top is in.
(Note to Jon Najarian: you want a "target" for the coming collapse Bob Prechter spoke about today on Fast Money? Look over to the left under "Things I Believe.")
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.
There's an easy way to boost your investment discipline...Get Real-Time Trade Notification!
