Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
A friend sent me a skeptical note concerning Armstrong’s assertion that the Dow will continue to rise until 2032, reaching 61,608. My response:
As a permabear it really pains me to say this, but I wouldn’t dismiss Armstrong’s unapologetic bullishness out-of-hand, even if he is half-huckster. I was preparing a new ES tout for the list that will publish
later today on my home page, wondering what if the SPY 720 puts I told subscribers to buy on Thursday for 0.90 actually caught THE top. (They more than doubled on Friday’s opening bar,
and we ‘reloaded’ toward the end of the day). However, even if they turn out to have caught an important top, the absolute worst that I could see between now and 2027, going by the attached
chart, is a barely-10%-correction in the E-Mini S&Ps, to 6796.75. The chart is so clear on this I dare not pat myself on the back, even if stocks collapse this week.
RA
