Friday Focus: Prices Will Fall

Friday Focus for Stock Options Traders at Option Millionaires

After a brief pull back, the stock market has spent the last two weeks doing what its done best the last 8+ years... rally.   As I pointed out one week ago it  still sucks being a bear, even that move lower was not an easy trade for the bears.  Each day the market moved lower, the next day many of those losses were recovered.

Friday Focus: It Still Sucks Being a Bear


Look at the battle the bears had to endure just to get a small pull back.

The ensuing price recovery to new record highs was a piece of cake for the bulls.  I guess they like,  as some widely  followed bears say, . ...  'playing with fire'.    It's probably better described as sticking with the trend, but call it what you will.

While the bears struggle just to maintain one day of downside, the bulls can lift the market day after day for weeks on end.

After 10 days of non-stop dip buying and positive price action you see comments like this:

Politicians are using the stock market as a proxy for their own personal performance:


Yet it was the release of Yellen's testimony last week that launched the markets to new record high after new record high.

After 10 straight days of upside, one thing is 100% certain, we are one day closer the the stock market pulling back.  It may be another 10 days from now, 10 weeks, there is no telling for certain.  However using previous pull backs as a guide, it will not be an easy trade for downside.  And when the action reverses higher, the bulls will be back in the drivers seat 'playing with fire'  and  having their way with the price action.

Known 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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