Playing For S&P Bounce With My Two Werewolves

by | Feb 8, 2016 | Market Updates

We follow up on the AMZN short from last week and then show the trade we made in the S&P 500 today. Also, I had a visit in the office from two werewolves?!

7 Comments

  1. Ghassan Al Naser
    Ghassan Al Naser on February 8, 2016 at 8:35 pm

    Todd, I almost certain that we are in the finishing of wave 4 C (2) going into wave 5 after the compilation of wave 4.

    • Todd Gordon
      Todd Gordon on February 9, 2016 at 9:25 am

      Very possible! Today will be very interesting.

  2. Mark W Urquhart
    Mark W Urquhart on February 9, 2016 at 8:00 am

    Yesterday’s close below 1875 on the SPX signals more down ward pressure in the weeks and months ahead.This will most likely continue until the market leading Fang stocks reach their long term support area’s.

    • Todd Gordon
      Todd Gordon on February 9, 2016 at 9:24 am

      I agree we will see lower levels. Just playing a short-term oversold bounce and if I’m proven wrong, I will happily close that short-term long. Notice how crude oil and energy stocks have not re-tested the lows. True tech is leading us, but the energy sector is the reason we’ve seen so much volatility in recent months.

      • kthor
        kthor on February 9, 2016 at 10:19 am

        ….hoping amzn can fight back up to 520 in an oversold bounce

        • Todd Gordon
          Todd Gordon on February 9, 2016 at 1:19 pm

          Me too! Watching closely in here.

  3. Marvin Johns
    Marvin Johns on February 9, 2016 at 9:28 am

    Is the Russell still on the downside? Please advise!