The Next Scare For The Markets?

fallout

Another Department of Labor jobs reports, another move higher for stocks. Each month, we have analysts saying a strong job report will be bad for stocks as it would imply the Federal Reserve will have to curb its $85 billion a month asset inflation scheme known as quantitative easing. Today's surprisingly strong jobs report was met with more of the same buying we've seen since the lows in March of 2009.

Bad news is good news, good news is good news. No news is good news and each small pullback is met with some excuse. Excuses have made for fabulous buying opportunities the last 4+ years. And how'd that Hindenberg Omen work out? Six months ago, the Hindenberg Omen was flashing red alert for the markets, with "a crash is coming, sell!" refrain What a farce.

alert

Every named excuse has been a great buying opportunity. Hindenberg Omen, Cyprus, Syria, (Quantitative Easing) Taper, the Sequester...the list goes on and on.

Here's what I think may trigger some bearish talk over the weekend: a possible topping pattern. We have a left shoulder, a head, a neckline, and a right shoulder forming. In other words, it's CRASH TIME. If you haven't stocked your bunker or fallout shelter with food and supplies you're running out of time.

fallout

spy123456

spy567

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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