Todd Horwitz Chief Strategist BubbaTrading.com
Be Prepared not Surprised.
Apparently, there is nothing that can stop the bull market run. Good news is good bad news is better. This is the type of action we can expect with cheap money. The chase for yield will continue with the only asset class that provides any right now, equities.
We must also remember that we are in the dog days of summer which means low volume, small orders, and drifting markets. Lesson number one for all traders, never sell a dull market. Markets always have new money buyers flowing in from pension funds, IRA’s and other sources which makes dull markets dangerous for bears.
The options continue to point to a continuation of this never-ending rally will call buyers leading the way once again. The rest of the top five overall options strategies at Bull Puts, Bull Put Spreads and Bull Call Spreads. There has been some Put buying but not enough to pressure the markets.
Tech has taken over the bull market with QQQ, TSLA, QQQ, FB and AAPL leading the way. On the bear side we see action in AMAT, MRNA, PLUG, NKE and MU. Its summer and quiet, be patient enough to wait for your opportunity
As traders and investors, we have one thing to remember, follow the trend of the market. Be patient disciplined and leave your emotions out. The most important thing to remember is money management and self-control.
Todd “Bubba” Horwitz