7 Reasons to be Bullish Right Now and What I’m Doing About It | OptionsANIMAL
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7 Reasons to be Bullish Right Now and What I’m Doing About It

An important part of making investment choices is to understand the context for the market and our current position in the long-term economic cycle.

stock market
stock market (Photo credit: 401K)

This is a discussion of my view of the US stock market today and its potential short term direction.  Lets look at recent market developments, including a look at the S&P500 (SPX) and its Volatility Index (VIX). My current view is that the market will remain stagnant to slightly bullish in the short-term. A pullback, if it does occur, will represent a buying opportunity.

Before I begin my commentary, I want to emphasize that my ability to make money is not entirely riding on my thesis being correct. The OptionsANIMAL method, we do not simply rely on our expectations coming true. Rather we develop an exit plan detailing how we will use options to turn our losing trades into winners by making trade adjustments.

On the S&P500 (SPX) we are within 1% of highs of 1370 set in May 2011. Many experts are warning that the market is due for a pullback. Indeed, the Dow Jones Transports have already been rolling over for the last three weeks. There are certainly enough reasons out there to justify a correction soon. But here are some things to keep your fear in check:

  1. Market is trading at a lower multiple than long-term averages, even after the nice rally we have had.
  2. This is supported by a recent slew of better than expected economic data: Initial claims, non-farm payrolls, ISM manufacturing index, GDP and consumer confidence among others have come in better than expectations (see attached charts at the bottom). Just today the initial unemployment claim data again came in better than expectations, therefore improving the odds that the Feb labor report in 2 weeks will be supportive.
  3. Market is shrugging off bad news like home sales in the US or slowdown in China manufacturing for the 4th straight month. This is a sign of the underlying cautiously bullish sentiment prevailing now. If the news starts to become predominately bad and economic data comes in worst, not better than expected, we could see a change in the current trend but that has not occurred as of today.
  4. The recently concluded earnings season was not bad, even though many companies were light on revenue compared to previous quarters. We also have many investors getting into the market later in this bull cycle and they are chasing prices higher.
  5. The major fear indicator CBOE Volatility Index for S&P500 (VIX) is breaking down well below the 20 mark, down 7% just today to close at16.80. VIX readings of 50 or higher denote panic, 30-35 denotes fear and anxiety, 20 denotes nervousness and below 20 denotes complacency. This could be used as a contrarian indicator for sure, but as of now fear seems to be leaving the market. Maybe we are getting used to headline risk and have confidence that policy makers will take steps to quell any fires that break out.
  6. Technical support for the SPX lies around 1270-1275. This level acted as support in March/June 2011 as well acted as resistance in October 2011. It is also the 50-day Simple Moving Average (SMA) on the SPX weekly charts. This represents a drop of roughly 7% from today’s close of 1363. A pullback to these levels, if it holds, will represent a buying opportunity in my book.
  7. Finally, the EU debt crisis seems to have calmed down and a new round of the ECB’s Long Term Refinancing Operations (LTRO) funding is coming next week. Greece got its bailout, which is still subject to parliaments all over Europe ratifying the recent agreements, but it gave us some relief in the short-term. Euro is rising against a basket of currencies (FXE) as some measure of confidence is restored in the markets. After the unprecedented liquidity from the ECB to EU banks for 3 year loans, the 10-year bond yields for nations have dropped below danger levels. Italy’s 10-year bond yield dropped from more than 7% (which is unsustainable) to 5.5% this week. Another round of this LTRO funding is coming on Feb 29 and is expected to be bigger than the last one in Dec, even though it may be the last one for a while. Banks are getting cheap money from the ECB that they are re-invest in government bonds which have higher yields.

All this adds up to a cautiously bullish short-term view of the market. I am positioned with a bullish bias in my portfolio today. If things start to deteriorate, I am in a position to use options to start adding more hedges to my portfolio. Live long and prosper, see you in the next blog post!

Charan Singh
OptionsANIMAL Instructor


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I have been trading options for several years with some success just as a hobby, when I decided to trade options as a business and a source of a regular income, i searched for an educational platform to enhance my understanding and of the market dynamics when it comes to trading option I discovered Options Animals, called them, confirm that this was an educational focused platform that I could benefit from. The rest is history, I could not be happier with the results and support I received over time. They will teach you on how to enjoy the success rate of 90 plus percent of profitable trading with a thoughtful methodology and a plan of execution.
I am sold for life. Keep up the great work everyone.
Thank you,
Steven Hollosi
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Hello,I have been an Option Animal student for 5 months now and have completed levels 1 through 3. So far I have learned how to make directional trades as well as high probability credit spreads"Even though I have only completed the first 3 levels my current trades are ranging from 15% to 47% profit per contract. The winners are steadily rolling forward.I am looking forward to completing all the levels and learning debit spreads, hedged trades, straddles, strangles, collars and winged spreads.This education makes option trading crystal clear and easy because you will have confidence in what you are doing and finally enjoy making money on a daily basis.Most importantly, take your time and learn the material in detail, I think that is the secret to doing well!Enjoy your education.Sam
King Cone
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We have been with Option animal for 7 years plus. They have delivered on all levels. If you want to learn to trade options there is no better education. Make sure you finish all you levels before you start live trading if you don’t your education will cost you more as I learned the hard way . One other point make sure you try to attend as many conference that Option animal puts on you will not be disappointed .Your trading skills will get sharper and most of all you will meet a bunch of great traders
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Excellent teachers dealing with a complex subject to a room full full of varying skill levels. They succeeded.
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Been a member for almost 9 years. Always learn something new when I attend their many free summits around the US. The instructors are great and very available to the students. Absolutely the best Options Education anywhere.
Blaine Jones
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Options Animal is one of the best, if not the best, educational experience I have ever had. If there were more than 5 stars I would rate them a 10.
Edith Falls
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00:24 15 Nov 18
It is legit with certified courses and tax incentives.
s hart
s hart
21:26 04 May 19
The knowledge I've gained from being involved with Options Animal since 2013 has been extremely refreshing & tremendously helpful. I don't have to fret about what's going to happen with any trades I have going, because I already know what can happen in any type of market movement and thus, can prepare accordingly. If you have intentions of becoming a trader yourself, whether you're a rookie or have played with the stock market for years, this is the place you want to be to get you aimed in the right direction. The instructors are amazing - very knowledgeable & deeply caring. The membership community is wonderful. Getting with these people personally at the Summits is a great thing. You most-likely will end up with some wonderful friendships with fellow traders (and instructors) in the community. The things you can do with this education are limited only by you. Scott Hartman - OA Graduate
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Best Stock and Options education in the industry. This program will change your life! From our Customer Service to our coaches, we truly care for your success as an individual. I have worked with this team for over a decade and the adjustments we teach will allow you to cash flow while protecting once the market turns on you.

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If you a new or an experienced options trader this is very much desired service where you can learn a lot and get help when you need it most from live coaches at Options Animal.Keep up guys with great work!S. G.
Dana Podliska
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21:36 04 May 19
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They offer a systematic approach to options education. Each instructor has taken the courses. They are all intelligent, articulate and available to answer questions. No sales gimmicks just a commitment to the students. I highly recommend them.
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