Well we got the pullback into the daily cycle low that I was looking for. I suspect most ignored me when I said this would be a buying opportunity and instead listened to the perma bears calling for a market top.

We entered long positions last week and we now have a cushion on our stock trade as well.

Be careful here though. Stocks are going to be due for a deeper drop into a larger degree intermediate cycle low soon. I would say if the SPX tests the all-time high over the next two weeks that would be a good place to get on the sidelines and wait for a larger correction.

Still not one newsletter writer has had the balls to enter the challenge. It’s much easier to claim perfect trades if there’s no real time record.

Not one troll has entered either. It’s much easier to criticize others than actually have to man up yourself.