Today Optik broke through 700% return YTD with its two alerts from last week on the SPY and Blackstone (BX). There was a confluence of factors that pulled the markets down last week to include North Korea, profit taking, markets being overbought and oil moving down.
Oil weakness was created because the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) last week said oil production from the cartel had risen in July to almost reach 33 million barrels a day. The increased production came as Libya, Nigeria and Saudi Arabia ramped up output as well.
As we continue to watch for dips in this bull market we are hopeful in reaching an overall return for 2017 o 1,000% or more.