RUT: AMERICA'S REAL STOCK MARKET IS BEAR

21 oct. 2019

Trades in a descending wedge channel all year. Former R now = S. NB: 0.618 Fib repeatedly rejected. Blue box marks pivot target; may reject sooner.

22 oct. 2019

Transaction en cours

Shorted in the Nov 29 194P. Got 25 bear spreads against 01 Nov 150P.

Might have a bit lfet to run but never know. Rollover will be sharp & sudden.

25 oct. 2019

Transaction en cours

I'm short in IWM Nov 156 puts. Looks like rollover imminent; been fooled before but got mhy skin in this game!

26 oct. 2019

Transaction en cours

Nearly touched 156 Friday; real close to rollover here; added and doubled down, GLTA!

VIX sub-13 near breakout IMO. Got calls on UVXY, Nov 21s. When the selling starts these will rocket, it moves really, really fast- expect >30 in November. Last week UVXY moved $6 in one session, you do not want to be short VIX calls! Calls could be 10-bangers; the break will be swift and sudden!

28 oct. 2019

Transaction en cours

Added on the monster rally. Holding out for FOMC response. GLTA!

28 oct. 2019

Transaction en cours

RUT fades into the close. IWM well off HOTD. QQQ made a new ATH; it looks like a Go-Go rally in Tech Fan Club stocks, low volume, more issues declining than advancing in broader market. Holding on to these shorts!

Action over next two days will confirm whether this be an exhaustion gap island and get left above.

30 oct. 2019

Trade fermée manuellement

Action after the FED action is bullish. Might reverse but R/R is poor; stopped out and preserved a nice gain!

30 oct. 2019

Note

RUT and DJT are divergent, Trans off -200 while the FAANGs climb= bad.

Breadth is poor and broader market is negative, distribution is ongoing; from Yahoo today:

Although the Big 3 stock market indexes have swung higher, in the aftermath of the Federal Reserve's interest rate cut, broader market breadth remains negative. The number of declining stock outnumbered advancers 1,512 to 1,341 on the NYSE and 1,611 to 1,262 on the Nasdaq exchange. And volume in declining stocks represents 57.8% of the total volume on the Big Board and 60.1% on the Nasdaq. Meanwhile, the Dow Jones Industrial Average rose 80 points, or 0.3%, with 20 of 30 components gaining ground. The S&P 500 was up 0.2% and the Nasdaq Composite tacked on 0.2%.