Don’t Short a Dull Market

Here’s why last week’s market action is frustrating bulls and bears alike… [Jeff Clark's Market Minute]( Jeff’s Note: Yesterday, I presented my latest strategy for [the looming 44-day crash I see ahead]( Around this time last year, 1,662 stocks began to crash as much as 58% in just a single day. But my strategy could give you the chance to [double your money dozens of times](. That’s exactly what I did in some of the worst years, like 2008… where I doubled my money 14 times. To watch the replay of my presentation, [click right here.]( Don’t leave your money at risk in the market. --------------------------------------------------------------- Don’t Short a Dull Market By Jeff Clark, editor, Market Minute Nothing happened last week in the market. The S&P 500 was at 4137 when the opening bell rang on Monday morning. It was at 4133 when the closing bell rang on Friday. That’s a 0.1% decline over five days. That’s nothing. And it’s frustrating bullish and bearish traders alike. Recommended Link Millionaire Trader Reveals: [How to Make One “Backdoor” Currency Trade – Every Month – And Start Making All the Money You Need to Fund Your Retirement]( [image]( [Click here for the name of the currency trade.]( -- In other words, the market is doing what it likes to do best… It’s creating pain for as many participants as possible. For the very short term, though, it looks to me like the market is going to inflict more pain on the bears this week. Let me explain… They say you should never short a dull market. The past week has been about as dull as any non-holiday week I can recall. So, traders should be careful on the short side. As much as I lean in that direction for the intermediate- and long-term time frames, there’s a lot of energy building. And it looks to me like the S&P 500 is gearing up to make one last big push higher. Take a look at this chart… [(Click here to expand image)]( The index has broken out to the upside of a large consolidating triangle pattern (blue dotted lines). It’s a tenuous breakout so far. It could easily fail if the S&P declines this week back inside the triangle. But, the choppy, go-nowhere action we saw last week leans bullish. It allowed the market to work off some overbought technical conditions. It pushed investor sentiment (a contrary indicator) further into bearish territory. And, it built up energy to fuel another push higher. If the S&P can close above the February high near 4180 (bottom red dotted line), it could make a run towards the next resistance level near 4300 (top red dotted line). That would cause enough pain to force bearish traders out of short positions. And it would convince reluctant bulls to get back into the market – just as we head into the six worst months of the year for stocks. [Millionaire Trader Reveals: How to Make One “Backdoor” Currency Trade – Every Month – And Start Making All the Money You Need to Fund Your Retirement]( Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. I’m not saying to bet everything you have on the market moving higher this week… But it’s probably a mistake to be too aggressive on the short side – at least until the S&P drops back into the consolidating triangle pattern – thereby negating the upside breakout. As bearish as I am on the intermediate- and longer-term potential for the stock market, it looks to me like the odds favor the bulls this week. Best regards and good trading, [Signature] Jeff Clark READER MAILBAG Are you prepared for another push higher? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [In 20 years, this little-known trader didn’t have a single losing year…]( In his video, Market Wizard Larry Benedict reveals how to make all the money you need, in any market, using a single stock. [Click here to watch the video]( and get the name and ticker of the one stock that could put you on the road to financial success. [Click here to learn more.]( [image]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. 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