Back on Sept. 10 — heading into the last options expiry — I told you markets were headed back toward all-time highs.
The following week, I told you to ignore the “Evergrande” narrative, because China and the U.S. are two different countries headed in two different directions…
The U.S. is headed back to all-time highs and China is headed straight into the ground.
Mainstream media was having a huge freakout moment, however, with one Morgan Stanley analyst calling for a 20% correction.
It’s a month later, and look where we are.
Up 4% off September lows and ready to break out big time.
And the September retail sales data released Friday morning were a huge confirmation, coming in at 0.7% versus a decline of 0.2% expected.
BIG swing and a miss for the economist crowd.
Trade Recaps as Markets Head Toward All-Time Highs
Our play on retail stocks — the Consumer Discretionary Select Sector SPDR ETF (NYSEArca: XLY) — is absolutely ripping as a result of the September retail sales data, up nearly 4% since we recommended it.
Similarly, our stakes in the Direxion Daily S&P 500 Bull 3X Shares ETF (NYSEArca: SPXL) and Proshares UltraPro QQQ (NYSEArca: TQQQ) are in positive territory and getting ready to run.
Crypto is absolutely on fire.
The shorts I suggested Thursday in gold and bonds… they’re just getting torched.
And our free trade of the week — JPMorgan Chase & Co. (NYSE: JPM) — is up over 4% since dumb old CNBC said its loan growth was “disappointing.”
In short, our watchlist has been just crushing it…
So, it looks like our win total and markets are heading toward all-time highs.
It isn’t every week that our watchlist destroys like this… but when it does, we just say “thank you,” sell a little and go to happy hour!
All the best,