In partnership with
This Is Not Investment Advice
The Market Right Now - Risk On/Off
It’s quite clear the market is having trouble busting through 7K on the Spooz. The question between now and Friday at 4PM is how much will the market “be allowed” to engage in price discovery?
Let’s take a look at a live position and use it to view how I am looking at the market right now.
Amazon Prime members: See what you could get, no strings attached
If you spend a good amount on Amazon, this card could easily be worth $100s in cash back every year. And — even better — you could get approved extremely fast. If approved, you’ll receive an insanely valuable welcome bonus deposited straight into your Amazon account, ready to use immediately.
You also don’t have to jump through any hoops to get this bonus. No extra work or special spending requirements. Get approved, and it’s yours.
This might be one of the most powerful cash back cards available, especially considering how much most people spend on Amazon each month. It gives you the chance to earn cash back on the purchases you’re already making, turning your routine shopping into something that actually pays you back.
If you shop at Amazon or Whole Foods, this card could help you earn meaningful cash back on every purchase you make. But this offer won’t last forever — and if you’re an Amazon Prime member, this card is as close to a no-brainer as it gets.
Amazon Prime members: See what you could get, no strings attached
Right now for protection I have a handful of Puts open (discussed previously) and one net Short. The Weekly Chart below for TBCH shows where I entered this Short.
TBCH Weekly
This hedge is performing as desired so far. The question is if the market “will be allowed” to test and potentially pierce the 6790ish level on the S&P and ultimately 200 EMA Daily? If so - this Short could very well continue to deliver. If more miraculous jawbones or other attempts to keep this thing floating appear, you all should know how quickly things can turn.
Do I personally want the market to fall? No. It’s about managing risk. This position is helping to provide some protection. Will they allow the 200 EMA Daily to come into play?
Time will tell. I have absolutely no idea what will happen in terms of minute by minute or hour by hour. I have emphasized that I am ready for VOL in both directions.
