Faltering Thursday – CEOs Quit Trump, Markets Start Noticing the Mess

Wow, that was a fun day!  

After bragging about how easy it would be to replace departing CEOs, Trump ended up disbanding what was left of his Business Council as we finally found a group of people in America with the backbone to stand up to the President.  From our point of view, we don't care what news brought the market down, as long as the market goes down and, once again, our index shorts were big winners.  In fact, we made almost $1,000 for our Members in just over an hour during our Live Trading Webinar alone (you're welcome!). 

Our 5:49am call to short the Futures was linked pre-market in yesterday morning's PSW Report and now would be a good time to review the calls after the fact, so we can get an idea of how our 5% Rule™ operates in the wild:

The Dow had a 400-point run (1.8%) to 22,050 so 80-points back is 21,970 and then all the way back to 21,890 but I'm only expecting a weak retrace for now.  

As you can see, we pretty much nailed 21,970 (weak retrace).  90-pont drop from 22,000 (our shorting line) was good for gains of $450 per contract.

/ES had a 30-point run to 2,470 and that's 6-points back to 2,463 and then 2,457 if it's so inclined to fill that gap.  

Again we have the weak retrace and a 10-point dop on the S&P Futures (/ES) is good for gains of $500/contract.  What we're looking for…
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