When to Take Profits

I have been writing to you providing my education, market views, and trades that I am considering for a while now.

The positive response and gratitude you all have extended me is humbling, and I am grateful to you for sharing.

It is my goal to provide you quality education on my trading processes and to further cement that education to where you can learn to do this with proficiency and little to no stress.

I realize this is not a one-way street. The conversation isn’t one where I just contribute article after article and you read and make your decisions and we leave it at that.

Far from it…

Today I want to address a question I get asked a lot…and it has a direct bearing on just how much money you can make…

Let’s get started.

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I “SPY” a New Trading Pattern

Last week we talked about the anticipated Summer Rally that I’ve identified based on background information on the last 10 years of data between Memorial Day and July 4th.

As I mentioned, over the past years as we pushed through Memorial Day into mid-July, the US stock market got a nice little “lift.”

The reasons are varied, but generally this is because there is very little in the way of corporate earnings releases, and very few surprises coming out of Washington. And no news out of DC is great news for Wall Street.

I want to bring you up to date on what’s happened since last week, and give you the “skinny” on an “inside pattern” that delivered a juicy 63% return…

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