Many are stating the markets are overstretched and we need a healthy correction. Optik Options recent alerts have been hurt and brought down our overall YTD returns. As a leader globally a correction in here in the US could trigger a global correction. Goldman Sachs states that pain is near for investors claiming that the market is one of the most expensive since 1900, in 117 years! But this is not 1900! In 1900 we did not have high speed, high frequency and algorithmic trading. We also did not have overall market circuit breakers that stopped a rapid decline. We have to stop comparing the numbers today in a totally different environment with the past. We are making leaps forward with

First, the tax bill, if it fails, or looks like it, we may see a retreat in the markets. Most people did not exit the CRM alert we have out so we are monitoring that very closely – we are hopeful that we may get a better gain then the 20%. This coming week we also a few economic indicators released that may move the markets to include: New Home Sales released at 10am on Monday; GDP on Wednesday at 8:30am and Janet Yellen speaks at 10am (always an edge of the seat event as we never know what words will emerge); on Thursday we have Jobless Claims as well as Personal Income & Outlays at 8:30am. Many people ask about Bitcoin and other crypto currencies. We think it is very dangerous. But as

Optik returned 20% for the SPY ETF alert and 40% for the Microsoft (MSFT) alert this week. We are entering a historically positive period and we are still hoping to settle the year near 1,000%. Today minutes of the Federal Reserve meeting showed that the officials are expressing largely optimistic views of economic growth at their most recent meeting but also started to worry that financial market prices are getting out of hand and posing a danger to the economy. This news sent the markets down. Oil prices rose to the highest level in more than two years Wednesday, boosted by a drop in U.S. crude stockpiles. U.S. production also reached another record weekly high last week, according to

The tax package is in trouble! Markets have struggled with the lack of assurances that Trump will successfully pass a tax package that will boost corporate spending. Some of that tax package hope has been the cause of the markets rise this past year since the election results. But now the markets are stalled because the tax package may not make it. This week coming up with the Thanksgiving Holiday is traditionally a positive week for the markets. We think that will be true in the coming week and will help to run up the SPY alert we have outstanding. We are also hopeful for what some have termed the Santa Claus Rally coming in December.

The overall posture of the market is this. We have achieved record highs and have had an incredible run up since November 4, 2016 - after Trump was elected. But over the past ten months the market has also watched as first the Democrats blocked all they could in Trump's agenda and not many Republicans are joining. So theses two factors - i.e. the market at record highs and the concern no real significant tax bill will be passed that will stimulate business growth - has the markets concerned. In what is normally the start of the best returns historically for the markets, November, we have seen a stall. Futures for a number of days have indicated a positive open at night only to wake up to

After the November 4th election results last year the markets took off – up up up. Then as November opened up this year the markets seem to be losing ground. We wrote about the craziness in a blog sometime ago. Specifically, that we felt the market pricing in all the long-term promises made by President Trump was insane! The market was betting that all the promises, mainly the tax plan to reduce corporate tax and repatriation of funds, would magically happen. The Senate released its version of a tax reform bill today which called for delaying corporate tax cuts by one year. It also modified a number of key areas including property tax, mortgage interest, and medical expenses. Many dou

It is like climbing up that mountain on a rocky ledge or going up an extension ladder higher and higher. If you’re like most people as you get higher you will experience some concern - if not fear. The markets have been on fire and the VIX is at record lows. When will this bull stumble and fall down the hill and be eaten by the bear. Unless there is a major geopolitical event we thin the bull continues to run. Earnings are good and as I’ve been told – earnings are the mother’s milk of the stock market. The Atlanta Fed has issued a revised GDP of 3.3% as of November 3rd. Globally markets are growing and look good. The new tax bill may make it through Congress and lower corporate taxes bu

The markets did not seem to react much to the GOP's release of its tax bill which will permanently (nothing it permanent so we think that is a lie right there) lower corporate rate from 35% to 20%. It also reduces the number of individual income tax brackets. The plan would seek the biggest transformation of the U.S. tax code in more than 30 years. Markets seemed to shrug off the tax bill as skeptical it will pass. The focus of concerns seem to rotate around mortgage deductions which some argue will throw a wet towel on new home buyers.