MARKET MAGIC REPORT issue X - 'Where and When?'

Off to a bumpy start to 2010 and everyone is wondering which way the market is going. Are we gonna get a double dip? Will the bull market continue?

Usually when these questions are being asked the market is getting ready to correct. However, this is usually preceded by a nice run up in the market before the correction. And this is where the Market Magic Report thinks we are at in the timeline.

This is why the call options are sill on the table in the working mans portfolio. We believe the market has one more nice run up before a pull back or correction. The Market Magic Report made a mistake with our trade on QQQQ put option. This option was put on the table way too soon, but with some patience we can still make a little profit as we have plenty of time left on this put option.

The biggest question facing the Market Magic Report is how big of a correction will the stock market have? This correction could be around 15% or greater. And certainly could end up being thought of as a double dip.

The Market Magic Report still thinks that stocks will never be cheaper than they are now. At least between now and the next market correction.

The stock market is closing in on a serious bull market and we hope you are not left behind during this amazing time in the stock market. Consider investing in the market soon.

The next working mans portfolio chart update will be towards the end of the month. The portfolio is up some 20+ percent at this point.