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Regular readers know that I love to play basketball. I played growing up, and I've never stopped.
Here's the thing: I'm more than twice as old as many of my would-be opponents. That means I have to provide my team with a reason to give me playing time.
Turns out, I can still shoot three-pointers.
Since the longer shot is worth 50% more than the shorter ones, the ability to sink three-pointers is a sought-after skill. Because three-pointers are my specialty, it's pretty easy for me to find playing time on most teams.
That's my main thing… but by adding an extra tool to my scoring toolbox, I become even more valuable. So in addition to hitting a relatively high percentage of three-pointers, if defenders rush out to me too quickly, I can still make a quick move and blow by them for a closer shot.
So my tools include both a three-point shot and a quick move to the basket. This "both and" combination keeps me playing when most of my peers have hung up their sneakers.
Today, the U.S. stock market has this same "both and" effect working for it.
And it should keep it moving to the upside despite many pundits opining that the bull market should hang up its sneakers.
Here's what's happening…
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About the Author
Nationally recognized technical trader. Background in engineering, system designs, and risk reduction. 26 years in the markets.
Tags: trading strategies