Come again? What happened to the 5 trading day punishment it's barely been 3 trading days?
What could make me fly from off the bench and into the stock market today?
Why the stock market itself of course.
Today was a gorgeous sell off next to trend channel resistance. The sell off was so relentless that market club has downgraded the Dow, NASDAQ, and S&P 500 to a strong downtrend rating. Equally, most short ETFs were upgraded to strong uptrends.
I'm taking another run at the Ultra-short Consumer Services ETF (SCC). In the previous week I suffered an 8.5% trouncing by not respecting the swing trade range and buying at the lower end of the swing. I chased SCC on the Burial Cross which proved to be a deadly mistake.
I feel that my entry is much better this time. I have learned a painful lesson about chasing SCC.
In this episode, I perform technical analysis on the NASDAQ and SCC using an unbelievable tool. I give you my downside target for the Nasdaq and my upside target for SCC.
For a special secure enrollment form with a free two week trial of the market club tool you see me implementing in this video, visit http://www.ino.com/info/573/CD3724/&dp=0&l=0&campaignid=20, it requires no payment information and you can get started using it instantly.
http://www.ino.com/info/573/CD3724/&dp=0&l=0&campaignid=20
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