12:45pm (EST)
Most people hate going to work on Mondays but not us.
We get excited every Sunday evening when we do our charts as we look for potential trades and plot where the market could be headed. It is a double full-time job as our editor-in-chief works up to 90 hours a week to give you the best options trades in the business.
Of course, the payoff from all of this hard work is triple-digit profits and a hot winning streak.
The charts from the weekend were showing the major indexes were on the verge of breaking down like a rented mule, and with today’s flop, we are getting confirmation of another leg lower. And we love it!
We continue to tell investors NOT to be scared to play a sinking market and we have been amazed at the number of suit-and-ties and so called “Wall Street Pros” who continue to tell you to stay on the sidelines or go to cash.
Don’t these knuckleheads know how to play a market that is correcting by shorting stocks or buying put options? Apparently not as they continue to tell investors to “stay on the sidelines”.
This is why you have us.
We have a lot to cover today so let’s go over the numbers real quick.
The Dow is down 78 points to 12,741 while the S&P 500 is lower by 9 points to 1,344. The Nasdaq is showing a decline of 15 points to 2,918 but has dipped below 2,900.
We have another NEW TRADE we are getting into which will make our 100th of the year for our Daily newsletter. It has been one of our busiest, and so far, profitable years ever and we see no signs of the current action slowing down.
Subscribers, check the Members Area for the updates and we will see you again on Tuesday morning.
