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Being The Contrarian I've never minded standing alone, but it's not always fun Especially when everyone is trying to “think positive” and I'm the one pouring cold water on things. It happened about a month ago when I started calling for a bear market. Folks told me I was wrong — and pointed to all the great signs in the market that they were seeing, signaling a bottom was near. It got tougher to stand alone when the market appeared to start rebounding on May 20th. For about 3 weeks things actually went up some… (Color me shocked) But the great thing about the truth is that it just sits there. While the market was supposedly “rebounding”, none of the red flags I had spotted had magically disappeared. So I kept up with my warnings. And my followers and I kept putting on bearish positions in our trade group. I'll admit, during those 3 weeks, things looked a little harrowing. But I trusted my system. And then the dam began to crack (it hasn’t broken yet). This past Friday, after The Fed raised rates with the biggest hike in nearly 3 decades, the market sank like a stone. And in the week since, the relief rally many said we should expect is nowhere to be found. Meanwhile, my readers and I have been cashing in while the markets crash around us: I make every single trade right along with them. And over the last six trading days, my portfolio — including all the cash I’m holding waiting for more opportunities — is up 143% over the last 6 trading days. The question I’m hearing from everyone right now is “What’s next?” Well, importantly, I don’t make predictions. I simply act on what the market is telling me it wants to do. And right now the market is giving me a clear signal: To put it in plain English: I see more downside. Lots more downside. In fact, this is what our open trades look like in our trading group: Now, I don’t want you to start feeling bad. When people think of a market downturn, they get all sorts of feelings about it. Mostly negative. But that’s completely unnecessary. Because if you learn to listen to the market, you can learn to make money whether it’s going up or going down. That’s what my group and I have been doing all through this chaos. And you’re always welcome to join us here. That’s where I post my trade alerts and that’s where you’ll have the chance to come along for the ride. Or if you’re not quite ready, you’re really going to want to join my free Prosperity Pub Telegram channel. I don’t often post trade alerts in there (although once in a while, I’ll drop a freebie). But this is where you’ll get my insights, my thoughts… my up-to-the-minute analysis. That’s where I tell you where I see things going — and why — so you can take action and prepare yourself. I know I’ve shared a lot with you today, so let me recap:
Take what the markets give you. PS> On Tuesday I shared my short Yen bet on the BOJs Trilemma with my trading group. Anyone can with a brokerage account can put it on. But if you find you want the what, how, why, and when of the trade — or just want to make trading market non-linearities a habit — you are free to join my Telegram group any time you’d like. |
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