Market indices surged forward in July pushing the S&P index ahead more than 68 points or 7.4% while the industrials sported a gain of 724 points or 8.6%. Leading the surge were material stocks. The Basic Materials SPDR XLB) rose nearly 13% in the month. Every sector gained. How can any doubt that we are in a bull market?
Still however, I recommend caution. Using our methods, we exited the market in June having already earned 15%+ on our stocks and double that in our futures. We are now poised though to have some fun using options to minimize our risk but to potentially take advantage of any continued rally that is to come.
CONCERNED ABOUT SIZE