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An emerging line of thinking would have you believe the bull market that's been with us since 2009 is merely taking a breather from the highs it put in a year ago in May 2015.

If that's true, proponents are going to have argue that the current run is the only one of its kind, and substantially "different from every other bull market over the past 120 years," according to columnist Mark Hulbert.

I agree.

My research shows that the average stock market correction lasts only a few months and that the longest corrections on record are around 375 - 390 days, depending on how you define 'em. Hulbert's in the same neighborhood using Ned Davis data, which shows that the longest correction was 379 days in the 1990s.

 
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Earnings season is winding down, so get ready for a wild summer where macroeconomic forces move markets, starting with the upcoming June Federal Reserve meeting.

In just one week, the probability of a rate hike during the June 14-15 meeting jumped from 4% to 39%, according to CME FedWatch, a tool that measures the likelihood of the central bank's next move on monetary policy.

Now, the central bank has only increased interest rates one time since it ended its quantitative easing program during the fourth quarter of 2014. Since then, media pundits, Wall Street analysts, and traders have speculated over and over again on the timing of the Fed's next rate hike.

What they fail to discuss is the impact of any rate hike...

 
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Investors have been trapped in the market's "up a little, down a little" web for over six weeks now.

With no breakout in sight, here at Stealth Profits Trader, we're turning the market's tough sideways movement in our favor with the help of our newest trade - Direxion Daily Small Cap Bear 3X Shares (NYSE: TZA).

This triple leveraged ETF trades in the opposite direction of the Russell 2000 index, and is a great short-term play on the market's continuing downtrend.

With a unique "upside-down" Hooke Pattern developing here, it's time for us to delve deeper into the newest member of the Stealth Profits family in our latest 2 Minute Trade Review video.

 
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As you know, our Weekly Cash Clock trades move fast.

And our GPS trade soared through our double price yesterday - and this morning.

But although the markets are up right now, GPS isn't moving any higher.

 
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We have a short-term Hooke Pattern that has signaled for entry.

With plenty of long exposure in our open trades (PG&E Corp. (NYSE: PCG), Lockheed Martin Corp. (NYSE: LMT), Biogen Inc. (Nasdaq: BIIB) and Masco Corp. (NYSE: MAS) all in the green) we are going to play for a near-term drop in the small cap index - the Russell 2000 to add a little balance to our game plan.

The chart below is for the inverse exchange traded fund (ETF) Direxion Daily Small Cap Bear 3X Shares (NYSE: TZA).  

TZA trades in the opposite direction of the Russell 2000 index (and goes 3x as fast, to boot!).

 
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We've got a bullish opportunity on a stock in the retail services sector, specifically retail apparel stores.

And our goal here is to double our money - or more - by Friday.

 
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This is now a stock picker's market.

For proof of that, look no further than the S&P 500.

Yes, it has roared back since hitting bottom on Feb. 11, but the broad market is still teetering above breakeven.

Here at Nova-X Report, we are seeing an entirely different story unfold.

 
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