Updates for Monday 10/26/20

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Below is a time-delayed excerpt from our live updates for members.

Updates 11:27 AM EST - Monday 10/26/20

Nervousness growing into more selling
We are not sure if we can label it "real fear" yet, but the nervousness we talked about pre-market has morphed into some substantial selling in $SPX $NDX IWM.

We do expect intraday bullish reversals for $SPX $NDX IWM.   We also expect more coiling and grinding as prices go down some more.   This kind of price actions can be great for day traders interested in scalping. 

For us, we prefer to stick with the more predictable $VIX $VXN UVXY signals.  What $VIX $VXN UVXY are telling us right now is that big money is feeling quite nervous and will be hedging actively.   $VIX $VXN UVXY  are not at "real fear" stage yet, and certainly not "exploding panic".    But the profit taking and hedging will likely continue this week.

Price actions are unfolding according to the plan we outlined pre-market.  In our Signal Trades:   

• Plan: Exit TQQQ at breakeven if possible.  Action:  exited at b/e.
• Plan:  Add more to UVXY on pullbacks.  Action: no pullback yet, so we must wait patiently.

Updates 9:12 AM EST - Monday 10/26/20

Pre-market
The nervousness in the market has been detected by UVXY, TZA, and the CBOE equity put/call ratio since late last week.  Now it is growing more apparent based on overnight future actions, and pre-market drops.

• $VIX UVXY are gapping up.  
• $SPX $NDX IWM are gapping down.

We have repositioned ourselves in the Signal Trades:   

• Exit TQQQ at breakeven if possible.
• Add more to UVXY on pullbacks.

Updates 8:55 PM EST - Sunday (for Monday 10/26/20)
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