Precisely the negative divergence we were expecting. Which is not to say more milk cannot be drawn. Three days into August and NASDAQ is crawling along a prior rising trend line's overhead resistance, just like occurred in 2011. Crawling on over coming days while muscles are flexed, sand is kicked and bravado exerted should do the trick making the unsuspecting even sleepier. Nor does it hurt having August holiday trading a useful excuse for activity raising wonder why they even bother...
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© 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.
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