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- Riding the Rally: Navigating Volatility and Smart Pullbacks in a Bull Market [corrected]
Riding the Rally: Navigating Volatility and Smart Pullbacks in a Bull Market [corrected]
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I don't know where the Pitbull read the story from, but he said one of the newsletters he gets is talking about an extended period of high volatility. I'm not sure how credible that is—I’ve been saying it for months. The PitBull pays a lot of money for one newsletter; it costs $10k a month. They do make money, but they’re always buying puts on this stock or that stock sector. I’ve seen some good calls, but with the markets constantly going up, I think it's just a way to waste good money. He sends it to me, but I don't even read it.
I got it right yesterday about selling the gap up and buying the 30- to 50-point pullbacks. I knew in the first 30 minutes these were going to be larger, but I didn't think the ES would sell off that much. I also have to admit that I knew the ES was going to bounce, but no way did I think it would rally 155 points. Some people were trying to say the markets sold off because of Trump's showing during Tuesday night's debate and that the markets went up because they were cheering for Harris. I think that's hogwash—the markets were cheering the lowest inflation rate since early 2021.