It Was The Best Rally That Lasted About 3 Seconds!!
Last week we closed out our shorts to play the bear market rally for what I called "The Big Bucks". Truth be told it wasn't all that grand. Some might argue otherwise making 15-20% per ETF trade that we didn't have to hold any longer than from a Friday to a Monday (equal to 1 trading day). Others might say that making "Seven" 40 to 150% "Per Option Trade Gainers" also in the same time frame was a "slam dunk". (No loser trades to report because we just don't have any.) But not to worry this market always has a way of keeping us "HUMBLE"!
Closed Bear Market Rally Long ETFs
Closed Bear Market Rally Option Trades
The pattern the DOW, SP500 and NASDAQ are in short term (60 Minute Chart) trading back to the short side on the 400 point "gap up open" Tuesday appears to be where the money is. So that is exactly what we did!!
Here is the pattern (Keep in mind we have already dropped 1,000 DOW points from the time we opened up all our new shorts. (7 Stocks and 3 Option PUT trades)
