This is a Trader’s Market
Dear Profit Takeover reader,
With the right strategy, traders can make just as much in a bear market as a bull one.
And that’s good news for you, because we are beginning to see some panic selling in the market…
SPY is currently down to 402.68…
Image from wallstreet.io
The S&P may dip below 4000 – and SPY could touch 400 today –
Which means I think the market is bearish…
Interestingly, volatility is not topping out though –
VIX – Chicago Board Options Exchange’s CBOE Volatility Index – is currently at 34.84…
But I am expecting to see the VIX touch 40 this month – potentially, within the week…
To put that in perspective, volatility hasn’t been that high since April of 2020 –
So my VIX light is BRIGHT GREEN and I am expecting to see volatility soar –
But what does this all mean??
Investors who are long are having a tough time – but traders can make wild profit whether the market is going up or down.
I’ll be setting up expiration trades for SPX and XSP four times this week during the Profit Revolution show at 2:15 p.m. (ET)…
And making more plays under $1 like these:
VIX is writing the script for every single move I’ll be making over the next 90 days.
Big money agrees that VIX is going to pop – with .5 million contracts set up to make potentially $120 million…
So I’ll be:
- Utilizing volatility to profit from option buying and selling
AND
- Exiting trades in a short time-period – minimizing losses and taking money off as we profit
Join the other Profit Revolutionaries RIGHT HERE to get every single opportunity to build wealth in this bearish market.
CLICK HERE to find out more about what we are trading right now in the Profit Revolution.
Until next time,
Mark Sebastian
IT’S TOMORROW
Tom Gentile is giving a sneak peek of his latest tool – Quantum Scripts…
And will reveal the signals from this new tech –
Tomorrow, May 10th, at 7:00 pm (ET) – add it to your calendar.
THIS WEEK’S SCHEDULE (ET)
Tuesday 5/10: 10:30 am – 11:00 am Profit Takeover
Wednesday 5/11: 10:30 am – 11:30 am Profit Takeover
Thursday 5/12: 11:00 – 11:30 am Brian King
Friday 5/13: 9:30 – 10:00 am Profit Takeover
TODAY’S WATCHLIST
- SPDR Gold Trust (NYSEARCA:GLD)
The USD is getting stronger, which isn’t great for GLD…
It’s now trading at $173.50 –
Image from wallstreet.io
I will be keeping an eye on a cheap play in GLD.
- Apple Inc (NASDAQ:AAPL)
Apple is heading below $150…
It’s currently trading at $153.69 –
Image from wallstreet.io
When the market is down, names that have been winning get closed to cover the losses…
That’s exactly what you are seeing here –
- Energy Select Sector SPDR Fund (NYSEARCA:XLE)
Oil is still strong overall…
And the XLE is currently trading at $79.03…
Image from wallstreet.io
We might be seeing a “throw the baby out with the bathwater moment here…”
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May 09 2022
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