OK, that's a little bit of an exaggeration, but just a little bit.
You see, on Sunday 4/28/19, we emailed our subscribers to warn them that the short-term signals were turning bearish. As a matter of fact, these short-term indicators started turning bearish on Thursday 4/25. The fact that they stayed bearish for multiple days indicated that some serious storm clouds are forming on the horizon.
When you go sailing while storm clouds are forming on the horizon, you run the risk of getting caught in the storm. You know the storm is very likely, you just don't know when it might start for real.
Well that rainstorm started for real today. Google revenue miss was the catalyst for the gap down in $COMPQ $NDX QQQ TQQQ this morning.
A number of traders on Stocktwits were upset and surprised by the turn of events. Our readers, however, knew in advance that market was turning negative under the hood. We advised our readers to take partial profits, tighten their stops, and not to enter into new long positions ahead of today's gap down.
Tomorrow Wed 5/1/19 is a significant date. The Fed will be making new rate policy announcement at 2:00pm EST. We will be emailing updates tonight with specific discussion on what to expect tomorrow, and how to trade before and after FOMC announcement.
You can sign up here to start subscribing to our emails for free. No credit card or personal information is required.
Also, take a look at our trading record which has locked in 43.22% profit since start of March. If you like what you see, read more about our trading strategy here.