The S&P 500 is hitting fresh, new resistance levels at 2,940 right now, giving back just a fraction of the gains of the past day.
The good news is this isn't what you'd call stiff resistance, and in short order, odds are excellent that the market's going to punch through the ceiling, where the way is more or less open to new all-time highs.
To do that, the market needs to root out what weakness there is. As you'll see on my personal screen in a second, one stock in particular is ripe for a fall.
This is the perfect opportunity for making money with an easy, cheap options trade. Let me show you which one to make here…
About the Author
Chris Johnson is a quant - he's obsessed with building and perfecting mathematical models that allow him to predict, with startling accuracy, the direction of the markets, entire sectors, and individual securities. For the last year, he's been researching and building a new system that lets him move swiftly in and out of the hottest stocks in the market for life-changing gains - entirely on his own terms. The results of his newly-minted Night Trader system are nothing short of amazing.
Chris also contributes to Money Morning as the Quant Analysis Specialist.