You ever wake up, check the futures, and think…
Uh oh…
That was me around 5 a.m. on Monday morning.
Markets were down nearly 2%, headlines were flying, and it looked like we were in for one of those days.
Then…BOOM!
Right out of the gate, the S&P 500 flipped green — a clean, green bar off the open, and suddenly we’re only down a third of a percent.
Honestly? This kind of resilience is the exact opposite of what we were seeing a few months ago. Back then, we’d gap higher… and fade. Over and over again.
Now we’re gapping lower… and ripping right back up. That’s not just bullish — it’s confident. It’s the kind of tape that tells you buyers are still very much in control, even when headlines — like another U.S. credit downgrade — try to shake things up.
And it wasn’t just the S&P 500.
Bitcoin did its thing overnight too — blasting higher, nearly tagging all-time highs before pulling back just as fast. It was a classic crypto move: 3% up in a flash, then boom, retrace. But here’s the key takeaway — it still shows massive potential when volatility spikes.
If Bitcoin clears that final resistance, I think it could run — and fast.
Bottom line: You’ve got a tape that shrugs off bad news, a crypto market bubbling with energy, and enough movement to keep nimble traders very happy.
So, yeah — there’s plenty to watch. But if the last 24 hours tell us anything, it’s this:
The market isn’t scared.
It’s ready.
A Stock to Watch: Netflix (NFLX)
Netflix (NFLX) is a stock to keep your eye on this week, as it tends to be nicely bullish toward the end of May
As the market continues to be bullish, this seasonal trend could be worth a look.
Buying NFLX on May 20 and holding for 11 days has delivered an average return of 3.35% over the past several years. While past performance is no guarantee, it’s definitely worth considering as we move deeper into May.
Graham Lindman
Graham Lindman Trading
Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
Important Note: No one from the ProsperityPub team or Graham Lindman Trading will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. Time Decay Is Killing Your Options Trades — but There’s a Better Way
Most people believe there are only a couple of ways to generate big returns in the market: by taking on more risk or waiting a long time.
But those people are wrong because there’s a third way…
And Roger Scott is joining the brilliant Jeffry Turnmire at 1 p.m. ET today to see how he’s seeing options-like moves buying certain “Supercharged” tickers — without the options!
