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What the hell???
I knew the technicals were bullish yesterday, but that was a MASSIVE gap-up this morning on the indices.
It seems a tiny glimmer of hope in the CPI data this morning was like rocket fuel for the market. We’ll have to see whether we get follow-through over the next few weeks.
This could well be the beginning of the long-anticipated Santa Rally. Everything is up, not just tech stocks. That’s a great sign!
In any rally, the greater the breadth of upward movement in stocks the better, so I’m cautiously optimistic we’re headed higher.
But the direction isn’t really that important for profits. In Small Account Journey as long as I’m on the right side of the move I can cash in.
…and the latest journey is off to a great start with a 57% gain on META this morning!
I sent the alert out yesterday that I was entering META bull put spreads at -327.5/322.5 for the Nov 17th expiration.
Well, I certainly didn’t have to wait that long. Just after the market opened this morning I saw this:
Result not typical. Trading is hard. Nothing is guaranteed.
It’s nice to wake up to coffee and $531.00!
If you didn’t catch yesterday’s Small Account Journey email, understand that I’m getting back to basics on this run.
I’m going for steady, consistent profits here to see just how far I can take the $2K account.
There are tons of people on board the voyage already; all we’re missing is you!
So I’m offering a very limited-time discount for this Small Account Journey. Follow along and learn for as low as $149!
You just aren’t going to find a better deal on a better trading education service anywhere.
Daily market analysis emails, Raging Bull app alerts, my full educational library of videos, and much more…
It looks like we are going to get that major rally into the new year now and that’s perfect for how I trade.
Well, what are you waiting for?
There’s a whole market out there full of money, and I’m going after it.
Come join the fun.
Jay
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