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If you’ve been with me for more than two-and-a-half minutes, you’ll know I’m the first one to call BS on a rally I think doesn’t have what it takes, that I’m sure will trap unwary traders and clean ‘em out.

This rally happens to be the real thing. After a really long stretch, volatility has declined in a meaningful way. Big tech earnings aren’t a fakeout; these guys really are leading the market right now. We’re up 90-plus handles today alone, and the Nasdaq wiped out its April losses.

But… I can’t give the all-clear yet. The rally’s real, yes, and it’s rewarding chumps hand over fist, but it’s on pretty thin ice.

There’s still way too much headline risk flying around out there - the trade war is a Tweet away from crushing gains, and today’s not-terrible nonfarm payrolls data probably gives the Fed the cover it needs to keep rates steady for the time being. There could be a clog in the hopium pipeline before long.

So tonight, I’ll show everyone where we really are, and the specific trades we can make to capture upside without risking too much...

Video Length: 00:22:15

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