August 20, 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 … [Read more...]