State of the Market

Posted on by Jason Leavitt

Here’s a video covering the current state of affairs.




0 thoughts on “State of the Market”

  4. Quit straddling the fence; just say it clearly – you’re bearish. It’s OK and we’d accept that position as long as you were clear. But you mention your alleged “bias to the upside” at the opening, then spend the ENTIRE rest of the video explaining why you’re bearish. What a joke.
    After watching this video, if you’re “bias is to the upside”, then Barack Obama is a right wing conservative politician, and Osama bin Laden and Saddam Hussein were strong supporters of George W. Bush.
    It also sounds like someone who’s been bearish and didn’t participate in the upside last week. And there’s no harm in that because it’s only the first week of the year. But stop with the silliness. C’mon, you think listeners can’t see thru that?
    BTW, I know you probably won’t allow this in your comment section because it points out the brutal truth about your conflicted bias. It is what it is, Mr. Leavitt. Step your game up, you can do better. At least I think you can …

    1. Snidely…I’m not straddling the fence. We’ve had more than 20 stocks break out and do great the last couple weeks and nothing to play on the downside. It’s hard to call me bearish when I post many great long set ups and no short set ups.
      And as far as last week went, I made a killing (thanks to REE).
      It’s perfectly fine to say: “the short term trend is up and we have some good set up working, but the risk/reward right now is not as good as it was two weeks ago, so let’s be careful.”
      That’s not straddling the fence. There are times you can sit back and relax and other times you have to be at the edge of your seat. Right now we gotta be sitting up and paying close attention.

      1. Good response Jason.
        I too did nicely on the ‘stealth’ stocks & ETFs (FTK, TOL, SOXL, TYH etc) but sold today and holding only 1/4 positions
        Snidely, you can always stop following. It seems you are one of the many that have been suckered into following the indices. You need to keep look under the hood. Some quips to keep in mind from great traders with audited performance…
        – only 5 or so of the 197 industries account for the big moves – william o’neil
        – i’ve never made money following the indices – dan zanger
        – just look at the menu and eat what’s good for you, spit out the rest (another variant of – trade what you see not the market that you think should be or wish for) – a great unknown retail trader i know who was up +70% on a +1M portfolio in last years chop mostly on the long side.
        There are plenty of charming articulate scumbag web ‘gurus’ to trash besides this guy.

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