We issued an alert yesterday to buy the SPY ETF and it paid off with at least a 48% return and some subscribers reporting over 70% in one day! Congratulations! We are at about 700% YTD and still think we may break through 1,000%.
The Dow has been on an incredible run and sliced through 23,000 this week. These highs often create a psychological challenge for traders concerned that a correction must be around the corner. The S&P 500 and NASDAQ followed suit with new highs as well. Financials are moving up (XLF, +0.53%) in anticipation of a December rate hike.
Geopolitical fears are still present with the Director of the CIA stating that the DPRK will have nuclear delivery capability sometime in the first half of 2018. We keep an eye open for dips in this major bull market.