Maximizing Gains in a Smooth Market Uptrend

THE WEEK

Not much you can say about the Market right now but WOW!  We haven’t seen this smooth uptrend for years. It feels kind of nice to not have the drama haunting us every day.  And I promise to never again to complain about getting bored.  I am so ready for a period of trading boredom after being battered about for the last three years.

Here is a look at the VIX which is a volatility index measuring traders’ fear and greed trading emotions.  When the index is high traders are experiencing fear and are in trades for short periods of time.

LOOKING AHEAD

I don’t personally see any bumps in the road coming our way right now.  The economy is doing well and the Feds are seeing a lot of progress in the inflation struggle.

There is one factor that could cause a Market down turn.  Everyday we are hitting new 52-week highs.  At some point I expect traders will start taking their profits off the table causing the Market to drop.  If a drop starts to happen, even more traders will jump on the selling bandwagon causing a deeper drop.  My best timeline guess is that it will start to happen towards the end of March which is also the end of a quarter.  Another factor is income taxes and estimated taxes will be due April 15^th.

HOW AM I DOING?

I had another great trading week.  It is hard to lose money with current Market price/action.  My intent is to “make hay” while the sun is out. There are several excellent ways to trade when the Market is smoothly  going up.  That will be the subject of this week’s Deep Dive

Ways to Trade a No-Drama Up Market for Maximum Profit