No Image Available

The market is rigged

How many times do these people tell you that the market is rigged?

Well, if you actually believe that then why wouldn’t you just bet on the companies that profit most from the rigging?

I don’t see the problem.

If you can’t beat them, join them!

Here is the NYSE Broker Dealers Index making new all-time highs.

This Index is on the list of my “Fab 5” that suggests we’re still in the midst of a bull market, despite any corrections we may have along the way.

As we’ve discussed all year, if these 5 groups of stocks, Broker Dealers, Semiconductors, Homebuilders, Industrials and Technology are above their prior cycles highs, then it’s hard to be too bearish on this overall market.

We already saw a correction this year that reset the overly bullish sentiment coming into February. It didn’t take much either. But it was enough to reset investor sentiment from a headwind back in February to a potential tailwind this summer.

And despite any corrective action that sent the Nasdaq down 8%, Technology down 10% and Small-caps down double digits, the S&P500 and Nasdaq100 just closed the month yesterday at the highest levels in history.

There are more opportunities from the long side today than we’ve seen since October, in my opinion.

I look at a lot of charts. I analyze a lot of ideas.

It’s been a while since there have been this many opportunities.

You might think the market is rigged. And maybe it is.

But price is the only thing that pays.

And if prices are being manipulated to the upside, and you’re not profiting from it, then that’s on you.

If you don’t like it, then take your ball and go home. Go play somewhere else.

But for the rest of us adults in the room, we understand that the system isn’t perfect. It never has been. It likely never will be.

But that doesn’t mean that we have to give our profits back.

Quite the opposite. We actually get to keep it and spend it however we want.

What a great country we live in!

Quick Programming Note: This Monday night @ 6PM ET is our LIVE Monthly Charts Strategy Session. We’ll go over all the most important trends and our favorite trades to take advantage of those trends. Premium Members can Register Here.


The post The market is rigged appeared first on All Star Charts.

Want the latest?

Sign up for JC Parets's Newsletter below:

Subscribe Here