Better late than never.
As noted in yesterday's Report, I was on Money Talk Wednesday night (adding a big hedge to that portfolio) and I said my biggest concerns were Japanese Debt and China's Bad Loans and that the market was due for another 2.5% to the downside and yesterday I titled the morning Report: "Thursday Failure – Fed and Trump Fail to Boost the Markets" and I looked a little silly at yesterday's open as we popped back to 2,840 but not so much by the day's end, when we were back to 2,820 and not at all silly now as we're bouncing off the 2,800 line.
As I said yesterday in a post that Seeking Alpha refused to publish because "…there are just too many references to your non-SA subscription service here. (This includes links that go to sign-up pages, which we don't allow authors to use.)", which is ridiculous as the fact that they don't consistently publish my posts FORCES me to provide links back to Philstockworld so people can read what I wrote and, if readers don't sign up, they have no way to access the full post!
Anyway, where was I? Oh yes, so yesterday in the (REDACTED FOR SA), I said:
We have plenty of longs and the thing that is most likely to wreck the market this week is disappointing FANG results so that Nasdaq (SQQQ) hedge (see: "Top Trades for Sun, 28 Jan 2018 19:53 – Money Talk Portfolio") or the Dow (DIA) hedge we dicussed in yesterday's report (see "Which Way Wednesday – Fed Edition") are good ways to protect yourself into earnings this evening and NFP tomorrow.
FYI, Wednesday's post was rejected by Seeking Alpha because: "There's just too many references to trade ideas that were not available to our Seeking Alpha readers yesterday, Phil." which means obviously I have to refer back to the article on PSW because SA never published it. REALLY CAN THEY BE THAT STUPID??? I'm sorry, not stupid, I'm sure they were only following orders and SA readers…