Archive Category: Max Profit Alert Archive

The late-January pullback was something of a setback for bullish positions like ours. But so far in February it seems prices are recovering nicely. And unless I see a major shift in the market’s dominant trends — from bullish to bearish — we should continue to ride the current bull market and target market-beating sectors.

The first comes from the communications services (XLC) sector, which rose to a top ranking on our Leaders & Laggards Board on January 14. At that time, I shared with you how the options pricing for the communications services sector ETF (XLC), as well as a number of its individual stock components, like Facebook and Google, were expensive.

We exited two positions last week. That turned out to be well-timed ahead of the recent pullback in stocks, which on the surface appears to be driven mainly by concerns over the coronavirus situation in China.

I certainly didn’t see that being the case a year ago when I was writing about my Bear Market Action Plan. But even as I said back then, keeping a flexible mindset is key to profitably adapting to the market’s ups and downs.

Last week I shared with you a reprint of the Bear Market Action Plan note I wrote last January. And I promised to review Cycle 9’s performance in 2019, inclusive of a hard look at how that so-called Bear Market Action Plan served us.