Advised #11
This is Derek Frazier in Mexico City
Its been a tough one here, so Ill keep it short.
I hope everybody has enjoyed the home study course in cyclical trading that Advised Trader has provided. Please be sure to study it. Honestly, we have completed TOGETHER, a full bearish cycle with some longs as well and it's been fun. I've outlined my trading strategy and how to think about the markets in full, leaving nothing out. Please go back and refresh yourself if you haven't gotten the meat of what it is that I do. If you have questions, let me know.
Linkedin Comment about $AAPL trade and its implications
Searching for (Equity) Managing Partner for Incubator Fund in Mexico City 😎
Found out I need the damn AMIB Level 3 exam here, which makes Series 65 look like sesame street… and it's in Spanish… QUE BUENO!
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Click the image to go to the latest $UVXY explanation for today’s rout, which was planned on May 15th for readers.
Market Outlook
Breadth and Volume improved on Tuesday, only to see massive selling in the close and Wednesday, Mar 18. Therefore I am bearish on stocks that are doing badly for the week, looking for entries on failures. Looking for bad sectors at NY open, on relative volume, employing the imbalance entry for moves below premarket fast at the open. Then waiting for the first 3 hour cycle to show up, and reshort if warranted. Its dangerous territory when I have to whip out $UVXY!
80 day cycle probably failed in equities
Commonality is dispersing among sectors and it will be hard to use “Late cycle commonality mismatch”
$BTC short into 20 week cycle low.
Continue to use $UVXY when market surprises to the downside happen, or failures occur.
Trust judgment on phasing of cycles
Look for big targets
Hold until projections are met
Beware of bounces on volume
Financials stronger further study citibank $C going forward. I think it capitulates soon.
Bearish cyclical trades from today
Always check your action tools when you see weakness in the general market.{And watch for follow thru to target resulting days}
Here are some good ones from today:
OK
Im done
I do Hope youre well!
AND Congratulations on the complete trading cycle with Advised Trader!!
Derek Frazier
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