This story was originally published here.
My indicators are giving bullish readings this week, a slight upgrade from last week’s bullish-to-neutral signals.
And with the S&P 500 Index just over 1% from its all-time high set back in February, I wouldn’t be surprised to see new all-time highs this quarter.
I do expect that the previous high will act as strong resistance, but any pullbacks will likely be contained by short-term support around 3,280.
Below that, the rising 50-day moving average should also provide some support.
I’ve said many times lately that it’s the large-cap tech stocks that are lifting the market. That holds true today, and as traders we need to go with the flow.
Right now, there is an enormous amount of money flowing into the market thanks to the Federal Reserve.
Total assets held by the Fed have fallen back slightly, but they are still just below the $7 trillion mark — up from $4.1 trillion in February…
Editor's Note: Click here to keep reading.
The Most Important Chart You’ll See Today
Take a look at this chart:
As you know, the stock market crashed big time back in March.
But see the orange line?
If you had been using this little-known strategy, you would have stayed in the black.
You receive instant cash upfront — anywhere from $240 to $2,475 per trade — every single time you use it.
That’s exactly why Barron’s calls this “one of the greatest strategies in existence.”
So if you want to have the chance to get some of the volatility out of your portfolio and sleep well at night…
While making A LOT more money upfront…
P.S. By the way, if you’re interested in getting the details on this very simple strategy, for a very limited time you can try it today for just $7. I promise you: Once you see how easy this is to do, you’ll never look at investing the same way again. Check it out here, before this goes offline.