In my market direction outlook for Monday and the Investing Strategy Notes before the markets open, I explained that I would be trading to the downside both in the Market Direction Portfolio and the Spy Put Options.
I indicated in the market direction outlook that I was expecting a rally attempt in the morning, which I believed would fail and then more selling. The Dow opened and promptly fell, followed by two attempts to rally back, both of which failed. This set up the trade to the downside in the Market Direction Portfolio for today. This is the first trade done in the Market Direction Portfolio. The article is a full outline of how to set up the trade for trading the portfolio to the downside. While similar to trading the portfolio to the upside, an additional support level has to be marked when trading to the downside to confirm the trend down is in place.
Market Direction Portfolio Trade Alert
This article explains the trade for April 7 in full detail including stop-loss use.
This is a market direction portfolio trade alert and outline for FullyInformed Members. Members can can login directly through this link to read this market direction strategy outline.. Members can also sign in to the full members site here. Non-members can join here or read the benefits of being a member.
Market Direction Internal Links
Profiting From Understanding Market Direction (Articles Index)
Understanding Short-Term Signals
Market Direction Portfolio Trades (Members)
Market Direction External Links
Market Direction IWM ETF Russell 2000 Fund Info
Market Direction SPY ETF 500 Fund Info