I am all bearish with no place to go right now…
And you know what? That has been working.
This morning on Schwab’s Trading 360 I walked through three live trades. Here is what I was looking at:
- A discount retailer holding up better than everything else in its sector. That relative strength is exactly why I am fading it.
- A healthcare name up 40% year to date, completely untouched by two days of sector carnage. I am using that against it.
- A major tech product launching today at a price point that made me laugh out loud. I am fading the launch. Done.
Oh. And this all hit on the same morning Treasury tried to put a lid on yields with a $6 billion buyback.
Yields went higher anyway. I noticed.
All three trades are in the episode. Charts, strikes, expirations, the whole thing.
To your success,
Don Kaufman
P.S. I’m live at the open tomorrow. Free for anyone who has a link. Join me here.
