Market Insight

A glimmer of hope – why I’m still bullish on stocks… 04/13/2017

Am I nuts? Time will tell…

Stocks have been consolidating for the past month and a half. Distribution days have been piling up in a hurry. Right now, the distribution day count on the S&P 500 stands at 10! By any measure, that’s a lot of distribution!

There’s a lot of reason to be cautious here. I’m not denying that. However, there are still a few reasons to give this market the bullish benefit of the doubt.

In this video, I explain why I’m still giving this market a shot! We look at the S&P 500, the NASDAQ and Russell 2000 (by way of QQQ and IWM) as well as a recent trade I put on in AMAT.

Please let us know…

If you like the video, leave a message telling us what you liked about it.
If you think this video sucked or I’ve lost my mind still giving this market a shot, let us know about that as well.
If there’s something you’d like to see in a future video, please let me know and I’ll get to work on it.

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Mike Lamothe

Founder of ChartYourTrade.com I believe the stock market is one of the best opportunities in the world that everyone has access to. It takes work, but once we learn how to take advantage of it, we have a skill that lasts a lifetime.

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