WOW – all I can say is WHAT A DAY. We made some serious money on the short side….
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The Fed Came, The Fed Confused, and the Fed sold off stocks. Where to? Still lower, but let’s go stock fishing. (more…)

S&P 500 moving higher into wave 4 resistance zone ahead of tomorrow’s Fed. Will the market rally fade following the Fed? A customer was questioning the wave 4 vs 2 overlap rule for motive waves. Let’s explore that. Also, the Intro to Options Member Webinar is NOW updated access now:
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This is an exclusive, members-only webinar that takes a deep dive into our current positions, potential trade setups, our trading methodologies, and have all of your questions and comments addressed! (more…)

The bear trend resumes and we’ve established new SPX put debit spreads. Let the good times roll!

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Weakness in the pre-market causes us to work up some wave counts that call the C-wave rally from March 2nd low as complete.  From there, let’s survey the sector SPDR’s to identify relative strength and weakness compared to the index and I’ll tell you right, there is more relative weakness than strength.

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Indexes are really pushing the lower boundaries of would-be wave 4 support on the 60 min charts . Are they ready to break down? Looking at the Dow industrials and tranports, they would suggest YES. We’re watching the market jockey for position as the next big move is setting up.

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Traders and investors are jockeying for position before the volcano blows! Which way is it going to go? Too early to tell, but it’s time to get prepared for a major move!

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We are in a transitional period in the markets and we need to expect our trading account volatility to increase, along with underlying volatility in the trading markets.

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Kind of a quiet day where we saw the indexes grind mostly higher, but individual stocks were scattered. Preparing for possible B-wave false breaks in those indexes.

Sign up for this week’s Tuesday member webinar HERE.

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