Finally back to Wednesday's Mid-Week updates, no exigent circumstances necessitating an early post. The calm before the storm? This chart says it all: SPX Daily There are two trend line touches occurring simultaneously on this longer-term chart and they are collectively and individually the reason for my continuing bearishness on the market. Taken together they portend a 20% decline in the S&P 500, from the top to the bottom of the parallel trend channel, due sometime over the next few months. Timing the drop has been problematic, but the clock is running and I am poised to make another stab at adding bearish oriented options. The most solid trigger would be taking out the Nov 21st low @ 6,525, but that a lot of SPX points to give up before taking a new downside position. Accordingly, I will be basing my initial short position on the hourly trend models, and we will address those new positions day-to-day. Alternatively, a break to the upside and calls on a handful of favored individual stocks will be forthcoming*. *See below SPX Daily Be prepared to add or initiate a new bearish positions via fresh puts in QQQ, IWM, or SPY in the coming days-to-weeks. Unless and until a breakdown occurs, no new bearish positions are being recommended. SPX Hourly No reason to jump into new puts unless and until that narrow hourly channel is broken to the downside. Silver Silver looks destined for mid-$60's (also known for the emergence of the Beatles) Forthcoming: TSLA - Breakout Pending I've stripped my TSLA chart to its bare minimum indicators and lo and behold, a breakout is pending a move above $450, targeting the upper parallel channel line, about $530-$540. New calls pending if TSLA can close above $450 (currently $447). TSLL Mar Leveraged bullish bet into 1st Qtr 2026. Between Aug-Nov TSLL ran from $12-$22, about 80%, an equivalent run would take TSLL into the mid-$30's from its current $20 price level. TSLA Mar Any strike in above TSLA table works for holding Long into 1st Qtr 2026.
