TRENDING
Well, I promised a turbulent day and that’s what I delivered. Let’s observe:
Great Zero day – good signals all around. The PZI got an early entry and rode it all the way up – despite the obligatory post FOMC freakiness drop into the close I’m pretty sure subscribers banked some nice coin. The Lite never blinked and was pointing up throughout all gyrations.
Even the evil.rat bros banked some humble coin today which of course would have been a lot more had it not been for that final sell off. I was tempted to tell subscribers to take profits but don’t want to make interfering with the system a habit. It’s easy to fall into [...]
UPDATE 1:30pm EDT: The dam just gave way:
And up we go:
As the old saying goes: Bear market rallies continue on bad news and reverse on good news. Let’s hope for some ‘good news’ soon 🙂
My next target is 881 but I’m not going to mortgage my house to play that line. Every freaking line in the sand of the past month has been bulldozed through by the Goldman Boys. So, there’s no end to how far those bastards can push it. And by the time it does reverse most weak hands have probably been washed out. So, yes – I am going to go short at that line – but only with very little capital. I do need my beauty sleep [...]
UPDATE 11:45am EDT: Welcome to Bizarro World – a place where cats mate with dogs, gravity gets turned off during trading hours, bankers get bailed out by tax payers, and the markets rally on horrid GDP announcements:
I just bulked up on a massive amounts of SPY puts. Why?
Because I can’t lose – that’s why! Well – okay – I can lose a little but there’s a clear line in the sand at 875.63 and I will dump the lot of them if we even so much touch 875.64. I got them around 873.5 – so big deal. It’s all about probabilities and a few ticks often make all the difference in the world – ask your friendly [...]
Alright, I just fixed a bug in the SMS notification module and the evil.rat bros. are ready to face another whipsaw day. Again, I strongly encourage all subscribers to play it small – if you must take signals stick to maybe one or two ITM SPY options (the tutorial covers how to trade those).
Since I’m turning into a pumpkin in about 10 minutes I’ll just stick with the facts tonight:
Despite a plethora of gyrations we really didn’t go anywhere today – thus nothing has changed our wave count of last night:
Momentum is waning and we did bounce off T.K.’s diagonal – I’m actually pissed I didn’t see that [...]
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