You are very welcome!
Yesterday's morning post (which you can get, pre-market, every morning by subscribing HERE) was titled: "Trendless Tuesday – Watch Yesterday’s Fake Gains Disappear" and, if that wasn't enough of a hint of things to come, despite the Futures being positive at the time, I even let the free readers have a look at our Live Chat Trade Idea for playing the Indexes short, saying:
I've already put a note out to our Members to short the Futures in our Live Member Chat Room:
People are starting to notice China's debt and that's not a good thing. After a brief flirt higher, we're back to Dow 17,650 (/YM), S&P 2,060 (/ES), Nasdaq 4,375 (/NQ), Russell 1,112.50 (/TF) and Nikkei 16,720 (/NKD) and I wouldn't use /NKD but the others all make good shorting lines to play (if 2 are under, short the laggards, look for last others to confirm and tight stops if any go back over).
As you can see above, we had a nice $2,000 per contract gain on the Russell and the Dow hit 17,450 for a $1,000 per contract gain with the S&P hitting 2,040 for a $1,000 per contract gain and Nasdaq fell to 4,320 so 55 points at $20 per point is $1,100 gained on each of those contracts – not bad for a day's work!
Keep in mind though, that that comment was a quote from our Member Chat Room at 7:42. In the course of writing the post, we decided to add back the Nikkei short as well as it tested 16,700 and we caught a $750 gain per contract move to 16,550 after coming in just shy of our 16,500 target. All in all, that's $5,850 in winning trade…