The market wasted little time as, on Thursday, the markets triggered a short-sell by breaking below their upward trend lines. This is what we teach you to do - trade in tandem with the market. When the market triggers a short-sell, we want you to be going short in stocks that are also triggering a short sell.
So that said, here's what happened Thursday:
Step 1 -- Market signals it's time to go short
Both the Dow and Nasdaq formed a Double Top (red lines) and signaled it's time to go short by breaking below their upward trend lines (green on the Dow, pink on the Nasdaq):
Step 2 -- Watch the short-sell trades get triggered
Friday was a great day to do anything else but watch the market as it was your typical low volume, do nothing, pre-holiday trading day.
So where does that leave us now? Well, since the market just triggered Thursday, and Friday was a do nothing, pre-holiday trading day, we are very well positioned to benefit from continued declines in the market and a likely move down to its 50-day. We'll be looking for that to happen early next week. At that point, we'll be looking for the market to bounce and move higher.
So in advance of the market hopefully finding support and bouncing at its 50-day moving average, we are getting prepared to make the most of the market's next move higher. Just like when the market signaled it was time to go short, the market may soon signal it's time to go higher and we want to be prepared on the long side.
The Pullback Off Highs pattern is one of the most bullish and constructive long-side set-ups out there. Rather than go straight up, an index or stock will make a move higher, then spend some time consolidating those gains often down to an area of chart support such as its 50-day moving average, before making another move into new high ground.
When a stock clears these consolidation periods, it's your opportunity to buy them and take advantage of the next run -- and the bonus part is when you catch a stock at the beginning of a new uptrend, you'll often get to trade the stock and lock in profits over and over again. You are buying it at the point where it's just started a new move and is near support, which minimizes your risk.
Friday was a great day to do anything else but watch the market as it was your typical low volume, do nothing, pre-holiday trading day.
So where does that leave us now? Well, since the market just triggered Thursday, and Friday was a do nothing, pre-holiday trading day, we are very well positioned to benefit from continued declines in the market and a likely move down to its 50-day. We'll be looking for that to happen early next week. At that point, we'll be looking for the market to bounce and move higher.
So in advance of the market hopefully finding support and bouncing at its 50-day moving average, we are getting prepared to make the most of the market's next move higher. Just like when the market signaled it was time to go short, the market may soon signal it's time to go higher and we want to be prepared on the long side.
The Pullback Off Highs pattern is one of the most bullish and constructive long-side set-ups out there. Rather than go straight up, an index or stock will make a move higher, then spend some time consolidating those gains often down to an area of chart support such as its 50-day moving average, before making another move into new high ground.
When a stock clears these consolidation periods, it's your opportunity to buy them and take advantage of the next run -- and the bonus part is when you catch a stock at the beginning of a new uptrend, you'll often get to trade the stock and lock in profits over and over again. You are buying it at the point where it's just started a new move and is near support, which minimizes your risk.
On Wednesday of last week, the market staged a "negative reversal" as it found resistance at the place it formed a double top (often the first sign that a change in trend - from up to down - is near).
The market wasted little time as, on Thursday, the markets triggered a short-sell by breaking below their upward trend lines. This is what we teach you to do - trade in tandem with the market. When the market triggers a short-sell, we want you to be going short in stocks that are also triggering a short sell.
So that said, here's what happened Thursday:
Step 1 -- Market signals it's time to go short
Both the Dow and Nasdaq formed a Double Top (red lines) and signaled it's time to go short by breaking below their upward trend lines (green on the Dow, pink on the Nasdaq):
Step 2 -- Watch the short-sell trades get triggered
Friday was a great day to do anything else but watch the market as it was your typical low volume, do nothing, pre-holiday trading day.
So where does that leave us now? Well, since the market just triggered Thursday, and Friday was a do nothing, pre-holiday trading day, we are very well positioned to benefit from continued declines in the market and a likely move down to its 50-day. We'll be looking for that to happen early next week. At that point, we'll be looking for the market to bounce and move higher.
So in advance of the market hopefully finding support and bouncing at its 50-day moving average, we are getting prepared to make the most of the market's next move higher. Just like when the market signaled it was time to go short, the market may soon signal it's time to go higher and we want to be prepared on the long side.
The Pullback Off Highs pattern is one of the most bullish and constructive long-side set-ups out there. Rather than go straight up, an index or stock will make a move higher, then spend some time consolidating those gains often down to an area of chart support such as its 50-day moving average, before making another move into new high ground.
When a stock clears these consolidation periods, it's your opportunity to buy them and take advantage of the next run -- and the bonus part is when you catch a stock at the beginning of a new uptrend, you'll often get to trade the stock and lock in profits over and over again. You are buying it at the point where it's just started a new move and is near support, which minimizes your risk.
The market wasted little time as, on Thursday, the markets triggered a short-sell by breaking below their upward trend lines. This is what we teach you to do - trade in tandem with the market. When the market triggers a short-sell, we want you to be going short in stocks that are also triggering a short sell.
So that said, here's what happened Thursday:
Step 1 -- Market signals it's time to go short
Both the Dow and Nasdaq formed a Double Top (red lines) and signaled it's time to go short by breaking below their upward trend lines (green on the Dow, pink on the Nasdaq):
Step 2 -- Watch the short-sell trades get triggered
Friday was a great day to do anything else but watch the market as it was your typical low volume, do nothing, pre-holiday trading day.
So where does that leave us now? Well, since the market just triggered Thursday, and Friday was a do nothing, pre-holiday trading day, we are very well positioned to benefit from continued declines in the market and a likely move down to its 50-day. We'll be looking for that to happen early next week. At that point, we'll be looking for the market to bounce and move higher.
So in advance of the market hopefully finding support and bouncing at its 50-day moving average, we are getting prepared to make the most of the market's next move higher. Just like when the market signaled it was time to go short, the market may soon signal it's time to go higher and we want to be prepared on the long side.
The Pullback Off Highs pattern is one of the most bullish and constructive long-side set-ups out there. Rather than go straight up, an index or stock will make a move higher, then spend some time consolidating those gains often down to an area of chart support such as its 50-day moving average, before making another move into new high ground.
When a stock clears these consolidation periods, it's your opportunity to buy them and take advantage of the next run -- and the bonus part is when you catch a stock at the beginning of a new uptrend, you'll often get to trade the stock and lock in profits over and over again. You are buying it at the point where it's just started a new move and is near support, which minimizes your risk.
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