Global Market Crash! 267% Profit Realised!
Global markets crashed today immediately following my downgrading of the Market Crash Timer from Yellow to Orange last Friday! This allowed us and my Master's Stock Options Picks Subscribers to realize a total profit of 267% on our SPY position in just 4 days! (see how this trade was done!)
Was the market crash as completely unexpected as everyone made it to sound? Not so. I have talked about it since weeks ago and have been pre-positioning for it since two weeks ago and if you have followed my posts so far, it should not come as a surprise either. Global markets tanked on Monday without any strong reasons or obvious trigger, why is that so? Well, its really a build up of pessimism in the market that has been going on for months already. It looks like the pessimism build up has reached a critical mass at last, leading to an explosion of bearishness that swept across the globe.
However, if you are just contemplating jumping in on this with put options now, don't. Again, its too late, at least for the short term. If you are not on my Master's Stock Options Picks service since two weeks ago, you would have missed this for now. However, this is not to say that the market is no longer going to go down but that it requires once again expert timing to get on the next big move. Like I always said, everything overdone in the market is never a good thing. Today's move was seriously overdone and the inclination now is that we should see a little pull up from here. The intraday buying which lifted the Dow off its over 1000 points drop in the morning showed that there are still plenty of investors willing to buy in at this level, which should form the support needed to prevent further downside at least for a few days.
Will you be pre-positioned for the next move? Sign up for my Master's Stock Options Picks Service now!
Market Crash Timer: ORANGE
For now, the market turns a short term and intermediate term bearish trend within a primary bull trend.
Was the market crash as completely unexpected as everyone made it to sound? Not so. I have talked about it since weeks ago and have been pre-positioning for it since two weeks ago and if you have followed my posts so far, it should not come as a surprise either. Global markets tanked on Monday without any strong reasons or obvious trigger, why is that so? Well, its really a build up of pessimism in the market that has been going on for months already. It looks like the pessimism build up has reached a critical mass at last, leading to an explosion of bearishness that swept across the globe.
However, if you are just contemplating jumping in on this with put options now, don't. Again, its too late, at least for the short term. If you are not on my Master's Stock Options Picks service since two weeks ago, you would have missed this for now. However, this is not to say that the market is no longer going to go down but that it requires once again expert timing to get on the next big move. Like I always said, everything overdone in the market is never a good thing. Today's move was seriously overdone and the inclination now is that we should see a little pull up from here. The intraday buying which lifted the Dow off its over 1000 points drop in the morning showed that there are still plenty of investors willing to buy in at this level, which should form the support needed to prevent further downside at least for a few days.
Will you be pre-positioned for the next move? Sign up for my Master's Stock Options Picks Service now!
Market Crash Timer: ORANGE
For now, the market turns a short term and intermediate term bearish trend within a primary bull trend.
posted by Jason Ng at 5:58 PM
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