Bloodbath? 2016 Market Start is only bad if you've been on the wrong side of it! Update for 1/17/16 HD

“Stock market off to worst start ever.” That is what many news articles are saying. I guess that is relative. If you are a buy-and-hold investor, or if you have been long on most stocks, then yeah, that is a pretty bad start to the year. We are “officially” in “correction” territory, meaning all of the major indexes are 10% below the last high. If you’ve been following my updates, or if you’ve been subscribed to my Stock Picks, then this is one of the best starts to the year ever! We are making really good profit with some simple, low-risk trades. If you want to find out more about my Stock Picks and get a 23% discount, Click Here. In the video I review the market decline of 2007-2009 and show the pattern that signaled that down trend. I show how that same exact pattern showed up back in mid-December predicted the market moves that we are seeing now. You’ll definitely want to take a look. The market will likely rebound up a bit at some point soon. That is a completely normal part of how price moves. The headlines will talk about the “correction” being over. Don’t fall for it! The Bear Market is solidly underway and there is a super high probability that we will take out the lows from last August and put in new lows – to the level I showed in the last few updates and that I review in the video. Some may view that fact that the markets are going to continue down as bad news. I view this as a normal and healthy part of the cycle that the market always goes through. The good news is that you do not have to sit through this and lose money! At a minimum, if I did not have a trading plan, I would move to cash or a money fund and sit it out. Making zero is much better than losing money! The even better news is that there is a lot of money to be made as the market heads down, like my subscribers and I are doing right now. Gold is getting really close to a price level and pattern that I would go long at. If the Gold futures price goes above $1113, then I am in. Remember, Gold normally moves in inverse correlation to the market indexes. Don’t buy into the late night cable ads for bullion or coins, and you don’t need a “Gold IRA.” That stuff is all nonsense! There are many high quality mutual funds that are based on Gold, Gold mining stocks and other precious metals. The ETF “GLD,” is also a way to participate in Gold. It trades just like a stock. I am not a financial advisor, I don’t know your situation and I am not giving you specific advice on what you should do. I am sharing my thoughts and ideas for education and informational purposes only. Oil continues to slide into a bottomless pit! No end in sight for the downtrend. With Iran oil coming onto the market, into an existing over supply market, will only cause more potential drop in prices and instability. At some point, oil will find a bottom and there will be some amazing trades on oil and energy companies, but we are nowhere close to that yet. Stay tuned! It will continue