Is A Reversal Coming?

Join Renowned Trading Instructor, Hubert Senters, for an exclusive lesson as he explains his best method for spotting trend reversals and breakouts.

Don't get caught flat footed by the next market reversal. Join now and learn how skilled traders can benefit from upcoming voalitility.

Hurry, this session starts soon!

Join Now

Stocks plummet this week as major indices put in their worst week of performance since 2011. E-mini S&P 500 Futures closed the session down 42.75 points and Dow futures closed lower by more than 340 points. Markets continued to slide into the close as sellers continued to pound the index. Spot VIX prices also saw a huge move, rallying over 31% on the day, as fear continued to grip the market. While moves in equities were extreme we did not see similar moves in gold markets that could have been expected if this was truly a panic sell off. Next week is full of economic data with new home sales being released on Monday to kick off the week. Obviously the FOMC meeting announcement on Wednesday will be in focus but releases of the most recent GDP numbers on Thursday and Chicago PMI on Friday will also be closely watched. While we did not get short the market today we did trim a lot of our long exposure as the close indicates there could be more follow through early next week. Looking forward we will continue to look for opportunities based on unusual options activity as this strategy has continued to provide good opportunity even through the sell-off of the past 2 days.

Andrew Keene

Pin It on Pinterest

Share This

Stop Sign

Don't Miss This Exclusive Training Session!

Join Hubert Senters and learn the best method for spotting breakouts.

Join Now (Click Here)

Get Our Free Daily Trading Videos

Delivered To your Inbox

By submitting your information you agree to our Terms of Service and our Privacy Policy