(I haven't said that in 20+ years)
Hey traders, The market is very very VERY soft. Did I say very? This morning it dropped quite a bit in such a short period of time. It was also weak on Friday. Why might this be? The market probably ran up too far too fast. Remember — as I've said before— it was really only driven by 7 stocks. Maybe the whole AI thing has gotten ahead of itself in terms of pricing of stocks… | |
See, stocks that had anything to do with AI took off like a rocket during this rally, so now they're trading at a lofty price-to-earnings ratio. Maybe now we need to see some of this AI stuff materialize before such high prices can be sustained. I predict we're going to see more volatility. And despite the fact that I've been an options seller for most of my life, I think now might be the time to start looking at BUYING options. Under very specific circumstances, of course. That's something I haven't said in 20+ years. But when you have a data pool like this. Watch that video soon, because we're taking it down tonight at midnight. You're going to love it. Trade well, | |
Jack Carter Jack Carter Trading | |
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