Bull or Bear Market… Doesn’t Matter

Kyle Dennis’ new, 5 Min Strategy is Poised to Double Your Money Weekly!

Michael S. made 173% with Dollar Ace. So can you!

Don’t miss another trade if you can help it

by | Nov 18, 2018 | Bishop's Corner

While the talking heading heads and wall street “experts” on TV were debating on where the market goes next, I was busy putting my hard earned capital to work yesterday.

A market like this can make even the most experienced trader look like a rookie. That’s why everything I’m doing now has a built-in hedge in place. This allows me to go to sleep at night like a baby.

My current strategy requires just small moves in the market to make large sums of money.

That said, I had several indicators showing me that the recent sell-off in tech stocks was overdone and we could see a bounce from here.

Some might consider it a bold call given how tough to predict the market has become. However, when I sent out the trade alert to my Weekly Money Multiplier members I mentioned to them that I was going to keep my position small.

And you know what?

Just hours after the alert was sent, I was sitting on $10,000 in unrealized profits while most other traders had a losing day. My calculated bet that tech would rally was already paying off.

I didn’t just throw this position based on a hunch.

I use charts to help with my stock and ETF selection. Certain chart patterns let me know whether buyers are stepping in and supporting prices or if the sellers have control. When one side has a clear advantage, the trend is established.

Currently, the bulls and the bears are at a standstill – after several years of the bulls having their way in the market.

That said, you’ll have to keep your trade size small and be selective until a clear trend shows itself.

You might be thinking, “Jeff, this is pretty confusing, I’m not following.”

Well, it’s pretty simple.

Take a look at this chart of the PowerShares QQQ Trust (QQQ), which tracks the Nasdaq-100 Index – primarily consisting of tech stocks.

This specific pattern is highly profitable, and I’ve had a couple of home run trades using it.

This setup looks like the bulls may have momentum in the near term. You see, the QQQ has some support around $166. That said, some key moving averages look like they might be “crossing over” indicating a potential buying opportunity.

But that’s not all, there are other factors to consider. For example, when you’re trading a market ETF like SPY or QQQ, you’ll want to look at sentiment.

The easiest way to do that is looking at the Volatility Index (VIX) – the market’s “fear gauge.”

Now, you don’t have to be an expert on volatility to understand this.

For the most part, you can get away with having some general rules. For example, when the VIX is above 20, there is general fear in the market. Conversely, when the VIX is below 15, it indicates traders are complacent and greedy.

I think a move back above 21 in the VIX is a signal to head back to the sidelines. That said, if this market does turn bearish – I’m ready. In fact, I’ve made a large chunk of my stock market gains betting against the market. Find out how I do that here – this is a one-day only event.

As mentioned, going into the weekend I’m sitting on $10K in unrealized gains with this position. Weekly Money Multiplier (WMM) members got in on this trade with me in real-time.

If you haven’t joined WMM yet, now is the time. We’re coming up with trade ideas daily that could double or even triple your money in just a few short weeks or less.

Full DisclosureI’m long QQQ via options.

To your success!

Jeff Bishop

Latest News

MENSA considers him a genius.

Find out how this former landscaper makes millions trading the trickiest market.

He made millions in the market before the age of 30Now he’s teaching others how to cash out with his new system.

Click to get your free training.

Small Accounts welcome.

As a gym teacher, he used to show kids how to get in shape.

Now, he’s teaching adults how to get stronger at trading stocks. Will you become his fourth million -dollar student?

Trades and Tips

Your Jump on the Week

Trade tensions laid the smackdown on stocks on Friday… and that was a reminder the market is still in a fragile state — and just because we’re still close to all-time highs… it doesn’t mean the market can’t experience violent pullbacks. There have been some signs that...

read more

Sell The Rip… Or Buy Momentum?

The stock market is in a tricky place right now… for days it’s been hovering around all-time highs… but it has yet to make its decision. A breakout and new all-time highs… A market top leading to a correction (or even worse) And while you might not feel it… you can...

read more

Is the Fed Spinning Out of Control?

It’s all quiet heading into the all-important Fed meeting. For weeks, traders were expecting a 0.25% rate cut… but things changed yesterday.   Source: Bloomberg   We saw the Federal Reserve inject billions in cash to keep short-term interest rates in...

read more

You may also like:

Exclusive System Tracks Wall St. Insiders

“Dollar Ace Simply Exposes Information That Wall Street Wants To Keep Quiet” Said Kyle Dennis
“One member, Wesley M., has already reported 360%+ gains in just a few short days. Don’t miss this!”
(Reserve Access Now)

“What Recession?!” Jason Bond nets $55,060 in realized profit in One Day

After going 6 for 6 on profitable trades recently, we caught up with Jason to ask how he did it.
Check out Jason’s exclusive interview revealing this tightly guarded strategy. (Watch Now)

RagingBull.com Co-Founder, Jeff Bishop, Launches High Conviction Trade Service

“We listen to our clients and we give them EXACTLY what they want, so we designed a service to deliver 1 trade, 1 time a week, with a 100%+ PROFIT TARGET, directly to your inbox every Monday before the market opens.” (Read More)