Here's the Mess the S&P500 Finds Itself In

Notice how in addition to prices being stuck below overhead supply (near 4600), the S&P500 is also above all that former resistance from the past year (near 4300).

This thing is a mess.

And there's nothing wrong with that.

In some environments, we want to incorporate strategies that are better for trending, low-volatility markets. During other periods, we want to use strategies that are better for rangebound markets with higher volatility.

This market is just not the same market we were in during the first 6 months of the year. This one is much different, as it should be.

Last week, for example, we sold a strangle in $FCX to collect cash using a strategy that doesn't work well in many environments. But it should in the current one.

This week we will likely do something similar.

Again, we want to adapt to the market enviornment and incorporate stragies that are best for the currect circumstances.

To use the same strategies in the back half of the year that we used in the first half doesn't make any sense at all.

Does it to you?

There's a time and a place for everything.

We have a lot to discuss on tomorrow night's LIVE Conference Call. This is 1 hour of everything you need to know. We'll have 100-150 charts that really tell the story of what's going on and, more importantly, what we're doing about it.

Premium Members make sure to REGISTER HERE, if you haven't already.

We'll get going LIVE @ 6PM ET Wednesday 8/23.

See you there!