Option Professor-Will Stocks Spike Up Continue? What Could Trip It Up? What’s Next? Read More

June 17 2023

Happy Father’s Day Everybody!

The stock market has broken thru all resistance and blown out the record short interest big time. Many traders have been fading this rally and have the wounds to show for it. Our last 2 potential resistance zones was S&P 500 4200 and the just over 4300, both went like a knife thru butter. Don’t fight the tape is a mantra but the markets may be challenging the other mantra of Don’t Fight The Fed! Powell skipped the hikes this meeting but said more to come. The markets scoffed at that and instead turned to the July 12 CPI report that has the potential of seeing an INFLATION DECLINE in the rate to UNDER 3%! How’s that? Simple, we will be removing a huge inflation number from last June so if we were to get a new reading like this month the CPI could be as low as 2.7% by some estimates! Of course, the CORE and PCE CORE are still in the 5%+ range and if gasoline prices go the other way (it’s started), all bets may be off.

RIGHT NOW we are EXTENDED basis the moving averages but the Growth OVER Value continues so far. If the market is to EXPAND the rally, we suspect a catch up trade in Utilities, Staples, Dividend payers , Small caps and Mid caps where valuations are much more attractive to new money & EmergingMarkets/Europe IMPORTANT! We suspect that when we truly hit the HIGH POINT there will be DIVERGENCES to confirm it

TIME TO CONTACT US. Go to optionprofessor.com Submit contact info. Let’s Talk. The VIX is at 13.54!!!!!

Here’s what we can do for you. PDF REPORTS on option trading/our best stocks/ 1 on 1 ONLINE meeting SHORT TERM TRADERS can be helped by adding OUR signals based on Time, Price, & RSI DIVERGENCES. During the ONLINE meeting with The Option Professor- LEARN-Explain Options & RSI DIVERGENCES

Why Us? Easy. We have DECADES of Knowledge to Share. We Help Experienced AND New Traders. We follow Stocks, Interest Rates, Oil, Gold, Industrial Metals, Food, EM, Europe, Crypto. ect.. You’ll Like It.

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Exciting Times Ahead!

Talk Soon/All the Best

The Option Professor

REMEMBER All investing involve risk and it is not right for everyone. CONSULT YOUR BROKERAGE FIRM to determine your own suitability and risk tolerance. Past performance is not indicative of future results. Opinions and observations are provided for informational purposes only. It is NOT advice.

Jim Kenney

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