Trade Alert

R Option Update (Pro)

 I was personally not impressed with the strength of the bears yesterday. The large break had little volume and it did not continue agresssively on Asia nor Europe. I will keep a mental note of that. Of course, this does not mean that more selling pressure could take the market much lower in the next…

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freezelight made with bengal fire in darkness

Market Rotation (Pro)

I attribute, most of the last 24-hour selling, to market rotation. RUT was doing much better than NQ this morning when it was trading at -1.5%. There have been plenty of intra-day trading opportunities. On the other hand, the market will not trade both ways. It will trade Up or Down and Bulls need to…

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NDX – Too Nice to the Bulls (Pro)

TEAM, I am talking myself to take into cash most of my equity positions and/or placing stops at yesterday low. Maybe I regret this in the future. The main reason is that the NDX Price Action is just was too nice to the bulls for my risk appetite. I did not trade from 1997 to…

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What do I look for the short side (Pro)

DOW JONES INDEX STOCKS ARE WEAKER THAN NDX AND SPX NDX STRONGER THAN SPX. FOR A LARGE MOVE DOWN, WE NEED TO SEE: A. USD GETTING STRONGER FROM CURRENT LEVELS B. GOLD CONTINUE TO MOVE HIGHER FROM CURRENT LEVELS C. SPX TO TAKE THE WEEKLY LOW FROM CURRENT LEVELS IF BEAR ARE NOT ABLE TO…

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Deploying cash (Mutual Fund Strategy)

Since 2013, this has happened about 5 times, and two of them lasting more than 6 weeks.

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SPX 500 Update

We are still above 2923 which is the 61% Fib Level. The sellers took control today but as I mentioned in the morning, this can be considered a healthy pullback for longterm investors. I expect to have more downside pressure and I did not expect a -5% today. Some of you asked me why a…

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