Morning Perspective: Running With the Bulls

The market is at new record highs again this morning.  2018 is off to a tremendous start and investors are left again buying the highs, or waiting for a pull back that never materializes.

The relentless upside continues almost 9 years into this historic bull market.  The negativity of the prior 8 years,  you can almost feel it lifting.   The market moving to the upside isn't now just accepted, its expected.  All those massive rips to the upside on the heels of some terrible headline... it all makes sense now.    When the market was rallying off the Ebola lows,  remember Ebola?  or the Greece lows... remember Greece?

A Bad Case of Greebola



even last year when Trump was going to get impeached

Add Impeachment To The List



.... how did that work out for the bears?....  fast forward to today and it all makes sense.  Prices are at record highs.  The end justifies the means.  And as long as this market shrugs off downside, the upside theme remains 100% intact.

The bottom line is the trend remains up.  The dips are coming fewer and farther between.  Those waiting for the dips to buy don't have that luxury anymore.  As such we are reaching a phase in the market where we just might see parabolic upside.  And perhaps that blast higher will mark, for the first time in over a year, a decent trade for a pull back.

For now the trend and price action remains skewed for more upside and if the last 8+ years has taught us anything, trading for higher prices has been the far better strategy than siding with negativity.


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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