Still looking for a C-wave rally higher before we try our next series of shorts. In the meantime, we’re prepared with a few long setups in the event this market begins to pickup more steam.
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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 B/2 or bounce is in progress in the indexes. Its too early to know if this the top, but we’re building our shopping list of shorts and longs in preparation of finding out.
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The massive volatility continues and we were able to cover 1/2 our shorts at the exact lows before the late-day bear market rally unfolded. Is this a B-wave rally or a 2nd-wave rally? Too early to tell, but let’s look at some longer-term plays that we can jump on if the 9-year uptrend has truly come to an end. (more…)
Markets crushed again today and we’re short in the Russell looking to add the other half. Is this the top? Looking like we’re at the top, but watching 2500 support.
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Did the C-wave just fall apart on the close and it’s time to short? Possibly. I’m selling some NASDAQ tonight. Also, let’s answer more of your questions!
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The equity market’s oversold conditions and massively overbought VIX reversed today and we’re playing it on the long side via NFLX. Is this a corrective bounce that needs to be sold into retracement levels or was this a massive head fake and we’re headed to new highs? Also, I answer all of your questions from yesterday at the end of this video.
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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 biggest intraday point drop in the DJIA ever. Simply amazing. Is the top? IF history is any guide and we’re looking at the new taper tantrum with J Powell in office for 8 hours, does the Fed have the conviction to raise rates with stocks coming off all time highs? Let’s focus on our last-ditch wave 4 support zone before we can officially call the top in place.
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Is this THE top in the market or another short-term head fake lower similar to the taper tantrum several years back? We’ll let the support levels outlined in the SPX and NDX make that decision for us. Big day on CNBC tomorrow as well… (more…)