This Looks Very Bad – But I Have a Plan

Dear Profit Takeover reader,

The market seems to be up on the day…

SPY is currently trading at $421.86.

Image from wallstreet.io

But I am noticing some concerning trends…

First, VIX futures are back in backwardation –

Which means, everything we should rely on in the market, is irrelevant:

Great earnings? Bad earnings? – Doesn’t matter…

Good or bad economic report? – You could throw the results out the window.

This type of market is illogical.

Check out these inter-day moves in SPY:

And the most concerning part is…

The volatility of VIX – VVIX – isn’t going higher…

Which is telling me the demand for options isn’t going up and likely traders and investors are selling off shares and moving to cash…

It’s an ever so slight meandering down, like drowning slowly –

It’s bad for the market overall…and for investors.

As traders, we can make money on BOTH SIDES of the market, whether it is going up or down…

If you have invested in stocks long-term, trading in options can help you recoup your losses – and then some…

Then when the market finds its new “bottom” you can get back in.

I will be walking the Profit Revolution traders through every step of this gradual downturn and ride the pop back up.

If you want to join us, and have some guidance along the way, SIGN UP HERE.

I love seeing traders make money and change their lives for the better.

And it’s my goal to help traders become self-sufficient over the long haul.

Find out more about the Profit Revolution right here.

Hope to see you there.

UPDATE: I will be traveling tomorrow and Friday – so I won’t be hosting any live shows on those days.

We will be back to our normal schedule the following week.

See you then,

Mark Sebastian
Founder, Profit Takeover

SUMMIT TICKETS ON SALE NOW

In less than a month, the Money Morning Live trading team is hosting our FIRST EVER live summit…

We’d love to meet you there –

Purchase your Summit tickets right here.

Hope to see you on May 19-20, 2022 in Chicago, IL.

Sign up HERE

NEXT WEEK’S SCHEDULE (ET)

Thursday 4/28: NO Profit Takeover show

Friday 4/29: NO Profit Takeover show

TODAY’S WATCHLIST

1. Twitter Inc (NYSE:TWTR)

TWTR is currently trading at $48.64 –

Image from wallstreet.io

This could be a great time to go long.

We actually have positions still open for both the Profit Revolution and Profit RevolutionLifetime…

2. Boeing Co (NYSE:BA)

BA is down big after today’s earnings were released –

EPS were down a whopping -1,022.36% and revenue was also way down -12.02% for Q1…

The market responded as you might think and the stock dropped massively –

BA is currently trading at $152.33…

Image from wallstreet.io

It is approaching $150 here and might be ripe for a post-earnings play.

3. ARK Innovation ETF (NYSEARCA:ARKK)

Despite the market being slightly higher today…

ARKK is heading down on the day…

Now at $50.27…

Image from wallstreet.io

I may look for cheap puts here.

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