What Next Wednesday – Markets Go Crazy to End the Quarter

Wheeeeeee, this is fun!  

Aside from our $2,750 winner on the Dow (/YM) Futures shorts from yesterday morning's Report, we also had a $7,000 per contract gain on the Nasdaq, which fell an amazing 350 points, from 6,850 to 6,500, paying $20 per point, per contract for our Members.  

Playing the Futures is not hard, you can join us today at 1pm (EST) for our weekly Live Trading Webinar and we'll be happy to show you how it's done.  It's really no different than any long or short position other than it's highly leveraged and it's playable almost 24 hours a day – so we can react to news any time it hits the wires. 

These were not particularly difficult calls to make (or to follow) as Monday Morning, in our Pre-Market Report, we predicted the market would bounce to the following lines:

  • Dow 24,350 (weak) and 24,550 (strong)
  • S&P 2,666 (weak and satanic) and 2,688 (strong) 
  • Nasdaq 6,850 (weak) and 6,950 (strong) 
  • Russell 1,565 (weak) and 1,580 (strong)

And then, on Tuesday morning, I said:

The markets are back up to our weak bounce lines(see yesterday's reportthough I think we'll be using them as shorting lines this morning as the Dollar is recovering quickly, up 0.6% and that's bound to put a bit of pressure on the markets as they finally hit some resistance.  Dow (/YM) 24,350 is my favorite short at the moment, with tight stops over the line and 6,850 on the Nasdaq (/NQ)


continue reading