Market Report Bulls Run Wild

 Market Report Bulls Run Wild

By

 

Todd Horwitz Chief Strategist BubbaTrading.com

Be Prepared not Surprised.

The running of the bulls is in full force. The four major indices have made new highs with the Russell the biggest winner gaining over 5% last week. The power behind the rally is unexplained but as we always say, the market is always right.

Friday’s jobs number is hard to read, the number itself was solid but will the FED do. For months it appears that the markets have been running more on the added money supply then the economy.

There are many warning signs in this market but until the market itself recognizes them it will go higher. Predicting the next move or when the selloff will come is an impossible task.

Options traders continue to buy calls, sell Puts and Put Spreads without any fear. However, Friday’s big rally showed a rise in the VIX from very complacent conditions. We are now in the most bullish time of the year, expect the rally to continue.

This week the leaders for the bulls were, NVDA, AMD, AAPL, SPY, and IWM. The Bears chose to pick on the VXX (bullish), SPCE, QQQ, BBBY and WDC. We will continue to watch the action

As traders and investors, we have one thing to remember, follow the trend of the market. Be patient disciplined and leave your emotions out. The most important thing to remember is money management and self-control. 

Todd “Bubba” Horwitz

BubbaTrading.com