How to be Dead Wrong and Profitable

Traders must be able to make money even when their opinions are DEAD WRONG!

I’d like to show you how your trading can be profitable even when your opinions of the market are DEAD WRONG!

Wouldn’t that be nice?

It’s possible, and it doesn’t require a fancy options strategy, or any options trading at all!

Here’s what recently happen to me, and you can apply the same tactics to your own trading tomorrow.

Weekly Commentary: This Investment Performed Better than Bitcoin

US equities market had a sloppy week with movement out of the Dow (DIA) -.44% and into the Russell 2000 (IWM) +1.27%, which had been languishing since early October.

Most interesting was that two modern family members Regional Banks (KRE) and Retail  (XRT ) which were having issues the last few months, came out of last week’s therapy session with an improved outlook.

Weekly Technicals: Oil, Commodities and A Royal Flush

Excluding the NASDAQ 100 (QQQ), US equities markets tapped (not hit) the brakes this week, ending a two-month positive weekly run for the Dow Industrials.

The small caps (IWM) sold off the most -1.36% while. NASDAQ 100 (QQQ) continued to defy gravity ending the week up +.27%.

Most telling was that the modern family  continues to be under the most pressure with 5 of family members trading under important moving averages.

Weekly Technical Analysis: Alaweed Is in the Weeds, What about Oil?

The NASDAQ 100 (QQQ) continued its melt up this week, +1.34%, outpacing all the key US indexes by a wide margin. IWM (Russell 2000) closed -.80%. Semi-conductors and the energy sector (we highlighted both last week) led the pack.

Once again, market breadth as viewed by sector participation was wonky. Seven of the fourteen market sectors we track were down for the week. This time the negative action was led by homebuilders who took the brunt of proposed tax changes.

Weekly Technical Analysis: FANG Stocks Melt Up

The NASDAQ 100 (QQQ) melted up +1.7% this week, and almost +3% on Friday, led by FANG stocks. This made up for some recently lost ground on a relative basis with all the other key indexes. This action put semi-conductors and tech leadership even further ahead of the maddening crowd.

However, besides the social media and tech melt up, 7 of the 14 market sectors we track were down for the week. This negative action was led by health care.

S&P 500 Repeats Record Pattern Exactly 19 Years Later!

I know this is getting boring, but equities hit new highs yet again with Big Cap Value stocks leading the charge up +1.9% for the week. Thank you, IBM.

However, just when you may be thinking it’s just another strong week, the S&P 500 took record breaking to a level not seen since October 16, 1998.

This week was a “perfect week” which is when all 5 days of the week set a closing high record. This has only occurred 18 times in history!