Despite Market Turmoil, August Is Off To A Great Start

The bears have had the decisive edge in this market to begin the week, and while after Thursday’s sell-off had many concerned about the market’s prospect for a bounce, especially after overnight futures were pointing towards a next day open below 1900. 

However, the market internals showed a trading environment where the bears had drained their capacity to push this market much lower. Indicators like the T2108 and the SharePlanner Reversal Indicator were all showing massive divergences indicating a significant bounce was in the cards. As a result, with the sell-offs that the market provided on Tuesday and Thursday this past week, I incrementally increased my long exposure in my trading portfolio. 

Heading into Monday, I expect additional bullishness, especially with the Russian threat in Ukraine apparently subsiding. I’ve loaded up on positions like Netflix (NFLX) which is already up 3.6% for me and Ebay (EBAY) up 4.5%, as well as Apple (AAPL) and Facebook (FB). 

All of the positions have solid setups to them with tight risk parameters. 

And nearly every time when the market gets as oversold it currently is, and there if finally that bounce, it can last 3-4 days  as it squeezes all the shorts out of their positions. 

If you’d like to start trading with me, and receive all of my trade alerts, you can do so by signing up for a Free 7-Day Trial to the SharePlanner Splash Zone and get all of my swing trades via text (including international numbers) and email alerts, as well as access to my premium chat room where there are traders of all levels of experience, providing excellent trade ideas and information all throughout the day. For those who can’t trade for themselves, you can automate all of my trades through the Ditto Trade brokerage. 

With The Splash Zone, you will get my low risk and high probability trade setups that no other trading service can offer.

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