Selling The Bounces

That was a pretty spectacular failure over in equities during today’s highs. This really should have caught on and exploded higher but it seems like we’re just seeing more distribution at each bounce. Ergo I’m selling every new spike higher at this point and here’s why:

Check out the zero signal – it’s measly and there’s no participation. The hourly Zero is starting to point down and downer but for right now we’re stuck in limbo.

So this is what we’re going to do – accumulate short positions right below that 100-hour SMA – NOT down here at 2098. I want to at least see a bounce toward 2100 or better. 2103 is my line in the sand – we must not breach it or the bearish case goes out of the window.

Not a bad spot to get positioned if you ask me – small range and the tape is gyrating in and out of selling zones. Act accordingly and follow the plan. We are talking small risk in return for high potential gain. Damn it – VIX is still relatively low at 14 – buy some cheap puts and forget about them. Alright, I’ll dig around a little more and let you guys know if I see anything juicy.

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Cheers,