As intimated in my weekend video there were decent reversal setups for the Dow, S&P and a couple of select stocks yesterday like BA … if only I were on them!
At least with our techniques I was able to highlight them for you, but it’s a case of fortune favouring the brave, and I wasn’t brave this time around! A similar thing happened in October too, but we’ve had a lot of fun with the markets since then and there’ll be plenty more opportunities coming again soon. Remember the old adage, “loss of opportunity is better than loss of capital”.
One thing I did promise a couple of weeks ago was more volatility, and we’ve certainly been experiencing that, with large lurches up and down. There’s no reason to suggest that will stop as we approach earnings.
Let’s see if we get some follow through today and I’ll be in contact again soon.