*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
You NEVER want to see the market rally in a bearish market right before an important CPI inflation report. A lot of stocks are looking bullish right now, but sentiment could flip quickly tomorrow.
My team will be using UVXY as a market hedge. We entered in premarket at $12.60. Our take profit is yet to be determined but our stop loss is set at $11.50
Our only open trades currently are CLSKSNE and UVXY
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CLSK has been closed after reaching our take profit!
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We forgot to mention on this post that we closed SNE yesterday as well. UVXY was our only play going in to today. We do not like timing the market, but in times of volatility we won't shy away from utilizing our hard-earned skills. We executed a great entry here, and will hold until further notice.
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Looks like we got confirmation for a possible blast off tomorrow. Good luck and remember to set trailing stop-losses in profit to be on the safe side!
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Seems like the FEDs aren't willing to get their hands dirty just yet by causing a drop in the markets themselves. My team is setting a stop-loss at $12.60 to break even if UVXY price drops to that level. We don't believe that it will, but you can never be too careful!