And just like that, the trade war was won again.
Another day, another headline. The Bulls struck back at the market open with a massive surge higher following favorable trade war headlines. I could get in the details of it here, but honestly you’ve probably already read about it somewhere else, and more than likely we’ll see the same recycled headline again in a couple of weeks to goose the market higher.
I sold my SPXU position at $28.79, which was far less than I was hoping for, but still a solid profit, that took a quick hit on that morning headline. Very irritating, but not unexpected when it comes to this market these days.
Following that, I added two new long positions, as the headline itself was huge and I suspect it will goose this market throughout the rest of the week.
Below is my list of short setups to follow throughout the week. I don’t have any plans to add any short setups at this moment, but I wouldn’t say it is impossible, just unlikely, or at least I don’t expect to.
Here’s the watch-list for the bearish short-setups: