I’m Still Bullish On The Market, Here’s Why

Dear Edward Lance lorilla, Over the past few letters, you might've gotten tired of me saying I'm still very bullish on the market. I'll be honest, I've gotten kinda tired of repeating it — but it's my job to call out the trends I see in the market. Not that I want to brag, but last week we might've seen exactly what I've been pointing to this whole time - the resolution higher of the market chop of the past 2 month. Here's what I mean:

SPY, Qs and plenty of others across the board have seen a sharp push higher, right to all-time-highs. Even industrials did great:

It's always reassuring to see XLI break out and close at the highs - the sector historically has a strong correlation with the broad market and features many economically-sensitive stocks. In other words, they move closely together. In retrospect, there's nothing illogical about such a strong uptick. It seems like the election went a lot smoother than many expected, and the public is satisfied with the outcome. On top, there are some seasonal tailwinds - historically, November is the strongest month during the election years, followed closely by December. And, as if none of this was enough, Monday came with vaccine news and got everything explosive. You'll be surprised by where this is about to turn, but among everything that broke out… Click here to continue reading…

JC Parets

P.S. Kyle Dennis is LIVE right now and putting on an absolute trading clinic. It's about to be power hour, so I suggest you pop in to the room and see what he's cooking up. This is your exclusive chance to watch an eight-figure trader live in action, so take advantage of it.

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