Yikes, what a bloodbath yesterday. ?
As I mentioned to Alpha Hunter subscribers earlier in the week, the market looked ready for a pause.
I believe my exact words were, “I see us trading sideways for a little while, before grinding higher, unless we get some bad news.”
A downgrade from AAA to AA+ for reasons of “fiscal deterioration” is not what investors want to hear.
It proved to be just the catalyst to pull us off our nosebleed highs.
?Numbers I Need:
I don’t see anything left on the earnings calendar that could really move the market this week.
However, the bond market is not responding well to the Fed’s QT and interest rate hikes. This will make a market rebound VERY difficult.
We also have a rather large gap to fill on SPY, so I anticipate more selling in the next several days. Of course, this could all be part of the volatile chop.
I’ll keep a close eye on UVXY, as I love to short these pops. Mean reversion, baby!
Alpha Hunter subscribers will know the moment I make any decisions with app alerts on my every move, just like the app alerts you’ll see below.
?Most Exciting Action:
What was bad news for the market was great news for “Alpha Hunters!”
I went into Tuesday flat except for a trade that was betting on SPY to go lower (we’ll discuss this more in a moment).
Yep, while the rest of the market was getting REKT, my only trade was a bet AGAINST the market.
That clever trade helped put me over the $10,000 mark in the Alpha Hunter portfolio – in just 3 weeks.
I am on my way to my $120,000 yearly goal. Hopefully, ahead of schedule.
I even did a little happy dance when that trade closed.
*results not typical. Trading is hard.
I do think there’s more upside in the market, and a healthy pullback gives us more opportunities to sell options.
Option selling is the highest-probability strategy in the market. That’s what’s driving my results.
I can’t promise you’ll make money. Trading is risky, and you can lose big. But I can guarantee I’ll teach you EXACTLY how to set up my trades.
Take advantage of our limited time 50% off coupon and join Alpha Hunter today.
?Past Alert Update:
Let’s return to the trade that put me over the 10K mark in the portfolio.
On July 26th, Alpha Hunter subscribers got an email describing my trading plan, including my thoughts on UVXY.
The order filled on the same day, and the alert went out through the Raging Bull app.
And it closed less than a week later for a nice $1333 gain. (Sorry, I just did my happy dance again.)
*results not typical. Trading is hard.
I love how this one worked out, and I’ll be looking for more option-selling trades on volatility.
So what can we learn here?
When the market drops, UVXY pops. Should be easy to remember, huh?
There are lots of ways to bet against the market besides just buying SPY puts.
Look at the dollar (UUP) and the 10-year Yield (TNX) for other ideas. Both of these tend to go up when the market falls.
Want more of these types of ideas and teaching?
You can follow EXACTLY what I’m looking at and see which trades I’m making by joining Alpha Hunter today and taking advantage of my limited time 50% discount.
All members get exclusive access to:
-
The Alpha Chamber – Live analysis, trading, and chat
-
Detailed Trading Plans – Direct to your inbox every single day
-
Alpha Pulse E-Book – Learn HOW to sell options the right way
-
Every trade I take via instant app alerts.
So what are you waiting for??? Come join me now and don’t forget to use ALPHA50 in the coupon code box and hit APPLY!
Questions or concerns about our products? Email [email protected] (C) Copyright 2022, RagingBull
DISCLAIMER To more fully understand any Ragingbull.com, LLC (“RagingBull”) subscription, website, application or other service (“Services”), please review our full disclaimer located at https://ragingbull.com/disclaimer
FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision.
RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers’ trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment.
RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. Employees, owners, and other service providers of https:// ragingbull.com or RagingBull.com LLC are paid in whole or in part by commission based on their sales of Services to subscribers.
RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements. In the event that any suit or action is instituted as a result of doing business with RagingBull.com, LLC and/or its affiliates or if any suit or action is necessary to enforce or interpret these Terms of Service, RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements in addition to any other relief to which it may be entitled.
WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services except possibly by advertisers in this email. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.
