There are several actionable trades in today’s list of touts, including one that goes against AMZN’s seemingly unstoppable uptrend. Although shorting the stock is always going to be tricky, for those of you who want to keep it simple I’ve detailed a longshot play in the chat room (at 23:50) that can be initiated with a simple limit bid for put options. It could turn out to be the fastest $260 you’ve ever lost, but that is the risk of what Rick’s Picks subscribers have come to call the ‘Friday jackpot bet’. We ceased doing them a while back because ‘everyone’ seemed to be betting stocks would go crazy on Friday. They didn’t, and that’s one of the reasons VIX is in record-low territory. Could the pattern of boring Fridays be about to change? We could find out soon. _______ UPDATE (9:52 a.m.): So much for that theory. This is already shaping up to be one of the more boring Fridays we’ve seen in recent months….years. For the record, the trade in AMZN did not trigger and self-canceled a few minutes ago.
Betting Against Yet Another Boring Friday
- June 23, 2017, 5:52 am
The Trump Low is now 1st target price level (-15% +/-), but as so many selective sell signals have taken place over and from the March 1st Brady Turn date looking for a holding pattern there has left the building. Flash Crash moving the 1st wave lower is now ready and inline.
6 Hindenburg signals as well as volume price counts are observing the recent most short term 3 day fall in price here with a CPCE moving to the lowest level of the year at .50…No Fear!
Major inverse (ZB,JY.GC.SI) markets have there long term ADX levels about to expand and turn sharply higher in this 1st wave equity down move. Causing increasing concern which will move the 1st wave of the longer and greater degree much lower in the long term phasing Bear Market.
The currency devastation in the IBVC Market has cause the 300% parabolic move in equity prices a very deep concern as the largest oil reserves in the world are now a great world wide concern. Adding to the mix that world markets are in severe and racial shifts.
The greater equity curve downward (50-70%) will start at INDU SP ‘ADX 10-13 levels’. This will be an area which USA interest rates move negative.
The Prime Rate is Key..
Have a great weekend Rick, get rid of the art work great idea in selling or swaping it…its sores the eyes as having demons in any persons house hold is simply asking for trouble….go with the rug or better the Harley, that is real value. 🙂