That\u2019s when I decided it was time to buy.<\/p>\n
And I was horribly early.<\/p>\n
The market continued to fall. Oversold conditions got even more oversold. The proverbial rubber band kept stretching. And I kept buying.<\/p>\n
I told Delta Report<\/em> subscribers the three target levels on the S&P 500 at which I was willing to put money to work – 2650, 2595, and 2530.<\/p>\n By the time the market stopped falling, it had hit all three of those levels and I had the most long-side exposure I\u2019ve had in several months. Much of it was considerably underwater.<\/p>\n But, here\u2019s the thing\u2026 the rubber band always snaps back eventually.<\/p>\n It took less than a week – from the time the stock market hit bottom on February 8 – for the S&P 500 to rally all the way back up to our 2730 target and create profits on all of that long-side exposure.<\/p>\n Ever since then, I\u2019ve been talking about using a retest of the February lows as a chance to establish some aggressive long-side positions. We\u2019re in the area of that retest right now.<\/p>\n Right now, technical conditions are quite similar to where they were in early February. I have no doubt that we\u2019ll probably be early when we start adding positions. I also have no doubt that we\u2019ll be profitable on the trades we take – eventually. Because the rubber band always snaps back<\/u>.<\/p>\n Why am I telling you this today? <\/p>\n Because when the time comes to start buying, you\u2019re not going to want to do it. It\u2019s going to be horribly uncomfortable. It\u2019s going to be the exact opposite of what the folks on the financial television shows are telling you.<\/p>\n That\u2019s exactly how it was back in early February – just before the rubber band snapped back.<\/p>\n So be ready to buy – a little at a time. Be ready to be a little early. Be willing to suffer with the trades underwater for a short while.<\/p>\n If you believe – as I do – that this tired old bull market still has one more rally left in it, buying into this current correction should prove profitable over the next few weeks.<\/p>\n Best regards and good trading,<\/p>\n Jeff Clark<\/p>\n Are you buying this correction phase on the way down? Or is it finally curtains for this tired old bull market?<\/p>\n Send in your response\u2026 and any other questions or suggestions\u2026 right here<\/a>.<\/p>\n Secret societies are nothing new\u2026 Some estimates say there are over 600 of them in the U.S. Most of them are harmless. <\/p>\n But right now, there\u2019s an unseen group taking power. And what they have planned for the country may shock you. Read the full story here.<\/a><\/p>\n![](\"https:\/\/casey-assets.s3.amazonaws.com\/images\/misc\/jeff-clark-signature.png\")
<\/p>\nReader Mailbag<\/strong><\/h2>\n
Secret Society in the White House?<\/strong><\/h2>\n
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