Rise of the Red…

Melt up to 20s, then rally to 34. Big gap to fill.

No, not red as in our current and fierce bear attack. Rather, a quiet emergence of Chinese burritos hails forth from the horizon. Usually when the markets are extremely volatile, you need to look elsewhere. It can be crazy trading right now, and unless you are timing your shorts right, you are swimming upstream and the pros will sweep in and take your money from your shaky hands.

Buying up $YINN here and plan on averaging up. Also grabbed $MOMO.

And for a spec play, there’s the short squeeze candidate of $IQ which can rip to the 30s.

Trades for 12/26/2018

Day Trades in Play! $EDIT $MDB $CRON

Swing Trades Set Up // SHORT: MDB, WWE

Swing Trades LONG// $CVNA, $GOOS

On watch: Oil is due for a reversal. Gold as well. Might short gold for day trade.

It’s going to be light volume tomorrow. Allowing for imbalanced bid/asks and other manipulation. Take advantage by manipulating the price yourself with limits. Keep entries in 3s. One per pivot level, with 3rd add being smallest.

Small – Large – Small

FED Tells Investors to Take A Hike, Dow nears 52 Low

Get your money outta here!

Going back to June 22, 2011, the Fed has now raised the rates nine times in a row, and their fourth hike this year. Government doesn’t trust you with their money. Good one. I think the Fed is trying to make up for their Operation Twist experiment, with their Quantitative Easing. Watch out as inflationary pressure bleeds over to the broad market.

Looking at the week chart for the Dow does not look healthy. Low volume rallies getting wiped out by weak dip-buyers who sell at every news reel. If I saw that chart above and thought it was an equity stock, I would short it hard as a swift drop would be on the way.