10 weeks of no returns

JC Parets

May 11, 2024

Months and months are going by with little to no progress at all in the major U.S. Stock Market Indexes.

Just look at the returns by sector since the beginning of March.

The leaders have been Utilities, Energy and Consumer Staples.

The biggest losers are the investors who've owned Technology and Consumer Discretionary.

Here, see for yourself:

10 weeks of nothing.

That's 20% of the entire year gone! Just like that.

All this while Gold is up 13% during this same period.

Copper and Silver are each up over 20% during this period.

This is just the kind of market we've been in.

We don't have to pretend that the past few months have been like things were last year.

They haven't been.

In fact, look at High Beta Stocks and how they stopped outperforming Low Volatility at the end of last year.

This is also when Junk Bonds and Small-cap stocks stopped going up:

As messy as the market has been over the past few months, we are starting to see some signs of a potential recovery.

Look at the spike in the percentage of stocks above both their 50 day and 200 day moving averages.

Meanwhile, the stocks that have been more messy, below their 50 day but above their 200 day, have started to decline.

In other words, we're starting to see a few more uptrends and a few less sideways trends.

It's not like everything has now changed for the better. But I'd say that it's a start....

There are trades to be had in this market.

In fact, we put on a bull call spread this week in $DJT betting on continued upside over the coming months.

Here are all the details on that trade.

We also put on new Options Trades in Analog Devices $ADI and Rocket Companies $RKT.

There are plenty of opportunities in this market, despite the lack of progress from the major indexes.

This is especially true when you incorporate the options strategies we've been talking about.

And if you’re not already a member of ASC Options, make sure to get in and watch yesterday’s Options Execution Lab where we went over exactly how to execute an order with your broker for our favorite income strategy.

As a member of ASC Options you’ll see exactly which bull call spread we just put on in $DJT this week, and all the details for the $RKT and $ADI trades.

You’ll also get access to the LIVE Video Options Execution Lab from yesterday and start to receive 3 actionable options trades per week.

Click here to join us at ASC Options RISK FREE.

See you in there!