Hey guys, in the last 3 days I have been RIGHT ON THE MONEY, not only for the sell offs but also for the little upswings! All these calls have helped my short term part of the portfolio rise over 20%!!! IN just 3 days!!
I have been quite busy today, and I will be flying out everywhere over the next week and a half, so I’ll be pretty busy then, but i’ll be blogging from time to time on www.stocktock.com. In this video I talk about what I think will happen in the markets over the next few days. Tomorrow, we might see the start of a small upward action, which could eventually take us to the 920-925 level on the SPX. As we know, the 923 level on the SPX has been strong resistance 3 weeks ago, and strong support as well, well now we might want to retest it as resistance once more, before we fall down to the 880 level. I think you should use that opportunity to buy your JULY SPY PUT OPTIONS. I think the 880 level will probably hold for the first few hits, as it is really the border that separates the bullishness and the bearishness on the daily chart. I expect us to form a H&S on the daily as we bounce forming a right shoulder. The break will yield a huge sell off, with panic, that should help the VIX see high 40s, we could start seeing 3-5 % move days from then on. I also talk about some of the trades I made early today, and yesterday, and I look at teh GS, XLF and PRGN chart!
Duration : 0:8:30
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