Today’s Market Non-Commentary

Form a recent email… “Hugh, I noticed you don’t comment on current market conditions much. You talk about other things, often entertaining and informative, but not much about the current state of the market. Don’t you think we should know whether you think the market will go up or down in the next little while? Other gurus make their predictions.”

First of all, stock market research company CXO Advisory Group, found, on average, across various market gurus, that their accuracy is just under 47%. That means that they are wrong more often than right. Is that who you want to follow?

My answer to the question about commenting on market conditions is simple: who cares?

It sounds boorish, but it really doesn’t matter what I think. After all, the market is the market, and the collective opinions of all the participants will determine whether our preferred stock, SPDR S&P 500 ETF Trust (SPY), to rise or fall accordingly. The other reason it doesn’t matter is because we will make money whether this stock, which follows the basket of the top 500 stocks, rises or falls. As short-term options traders, we can identify short-term moves on the underlying asset and trade accordingly. If SPY shows indications of an impending rise, we buy call options. If it suggests an imminent drop, we prepare for a purchase on put options. Options are highly leveraged derivatives that deliver huge returns.

Our goal is not to score home runs with every trade; that is merely a pipe dream that sends many a trader’s aspirations up in smoke. The reality is that any trader, from novice to well-seasoned, can make an excellent living by taking smaller gains several times a day. These minor increments are relatively easy to procure using our time-tested, signature methodologies, and over time, your nest egg can fully bloom into an amazing cache of cash!

I love the strategies that many newbies use. They start small, earning a mere $200 a day, which they collect almost by accident. Several months later, they increase their take to $300 a day, and within a year, they pocket $500 and more a day. Extrapolated, $500 a day is $130,000 a year, but here’s the thing: it is much easier to make larger gains when you have a higher capital base. In other words, your daily take could grow exponentially as you earn more. It is not uncommon to target thousands of dollars a day once you hit that plateau with a well-capitalized account.

As for market commentary, my only concern is the impact economic and political news will have on interest rates. The market abhors high interest rates, usually ushering in a drop in SPY. An economy flush with cash and/or low interest rates clears the path for a rise in markets. The tech heavy Magnificent Seven stocks generally lead the way. Our job is not so much to predict long-term market tendencies but react to short-term emerging situations.

Therefore, for longer term macro market commentary, there are plenty of sites to visit. If you just want to learn how to make money every day, DayTradeSPY is where — or rather, the only place — you need to be.

Some of you may not have time or energy to sit through our world-famous Trading Room. For that reason, we give you two facilities that provide you with a particular option to trade. Click the links for details.

Our DTS Signal is where we text you a specific option to buy for a 5% same day profit. This signal comes to you three to five times a week, usually in the mornings. It’s great if you are on the move and not in front of your computer.

Our ever-popular Pick of the Day gives you a particular option to be bought at market open, usually delivering 6% within a few minutes. Both services are trending a near 90% success rate.

Of course, our Trading Room is open to new members. This is where our many years’ experience of two pro traders comes alive, streaming at you every morning, 9:20 to 10:30 a.m. ET.

Starting out on a shoestring? Get involved with our Inner Circle, consisting of the morning Market Analysis, follow up report and Weekly Meetups.

Our free, 8 p.m. ET, Sunday night Intro to Trading/Week in Review sessions are informative, engaging and even entertaining… click here to register.

Find out how YOU can become a successful day trader in any market!

Create great trades!

Hugh