May 30, 2017

Market Sets Record

What a day!

According to Jason Goepfert, Tuesday was “the best day in 30 years.”

“The buying stampede resulted in just under 98% of all volume being transacted in stocks that were positive on the day.”

The highest ever.

Historically, after large Up Volume days the market consolidates and I would expect that this time would be no different.

All of the ETFs I follow have pushed back into neutral territory and several of the major market benchmarks are very close to a overbought state. With that being said, I intend to add a credit spread in the Theta Driver strategy tomorrow and depending on the price action tomorrow I might just add a position in the High-Probability, Mean-Reversion strategy.

Subscribers stay tuned!!!

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