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Don here...
Jeff Bierman's Genesis COG weekly indicator is parabolic down. The money flow line shows zero distribution. People are still buying every dip.
That combination tells Jeff we are nowhere near a bottom.
He expects the S&P to bounce at 6,650, suck in the permabulls, then deliver a second leg down to 6,100. The first leg ropes in buyers. The second one wipes accounts.
In today's Live Trading Room session replay, you'll see:
- Why utility panic buying is Jeff's real-time bottom indicator. NEE, Southern, and every utility stock went vertical today. When scared money floods into 30x earnings utilities, it confirms the broader market hasn't flushed yet. Jeff says the bottom arrives when utilities start selling off hard.
- The bond market double top that forces every firm on Wall Street to recalibrate lower. Treasury futures are breaking toward 114 support. If they crack 113, rising rates force Jefferies, Goldman, Morgan, and every major house to slash cash flow estimates and cut equity allocation automatically.
- How Jeff used earnings expectations to buy Dick's Sporting Goods near the low and avoid Dollar General at the top. Same retail sector. Opposite setups. Dick's had priced in bad news and rallied on a beat. Dollar General had priced in good news and crashed. Jeff walks through the exact logic of buy-the-rumor-sell-the-fact versus its inverse.
- The Three Little Indians breakout strategy applied live to Apple and the E-mini. Part five of Jeff's candlestick series covers Linda Raschke's swing methodology. Three channel swings, then a high-velocity breakout on the fourth. The E-mini version produced a 350-point move. Apple is setting up for the bearish version right now.
Jeff also walked through the Red Candle intraday strategy using Sprouts Farmer's Market and Capital One Financial as live examples. The first red five-minute candle after a volume surge serves as both your exit signal and your stop-loss level if you flip short.
He's sitting 55% cash with longs in names that already crashed. Best Buy, Sprouts, Skyworks. His shorts are in railroads still near highs.
→ Watch Jeff's complete breakdown of the utility panic signal, bond market threat, and two candlestick strategies you can use tomorrow
To your success,
Don Kaufman
Chief Market Strategist, TheoTRADE
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