Dear Profit Takeover reader,

The market’s turnaround yesterday was astounding – from a low of about 440 mid-day to bounce back to about 444.

SPY was up this morning for a while and it’s at about 449 at the time I am writing this..

Whatever happens through the rest of the day will solidify the move for this week.

If we see a rally towards the end of the day and are up again by the close, we will likely see continued bullish moves through the end of the week.

But that’s not the only indicator I’m watching.

The fact that volatility is getting crushed.

From Yahoo Finance

It looks like the market’s bandaid got ripped off yesterday – that’s how steep this vol crush is.

I will be watching to see whether or not vol continues to drop today.

If vol drops and the market rallies, I bet we will see a strong finish this week.

Until next time,

Mark Sebastian
Founder, Profit Takeover

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Yellow Traffic LightMy VIX light is yellow today.

The market looked like it wanted to fall apart yesterday, only to rally at the end of the day.

Today, the market needs to make a decision which will determine the way the next few weeks will go.

VXX is still trading at a 10% premium.

VIX futures are still in contango – and a strong contango for the front three months.

I am expecting wild moves for volatility.


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  1. Carnival Corp (NYSE:CCL)

CCL just reported earnings and they weren’t great… EPS were -$1.72 for the past quarter.

We will be looking to see how this moves over the course of the day… It’s currently at 18.66

Image from

And we will potentially look for a post-earnings volatility crush trade during the Profit Revolution show.

  1. Alibaba Group Holding Ltd – ADR (NYSE:BABA)

BABA is over 100.

Image from

I am watching for a potential short-term momentum trade here.

  1. CME Group Inc (NASDAQ:CME)

Goldman added crypto options trading to their OTCC desk.

We could see some uptick in options trading on the CME as traders look to lay off risk.

Image from

This move could cause a cascade of other banks to join in and volume may explode.


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