As the market weakens today, these three stock models are offering trading opportunities: (1) VZ reverses Short below 47.42 at 1:30 pm (EDT). If triggered, buy the Dec $47 put, currently trading at 1.50; (2) VXX has bounced off of its support trend line and a re-entry Long can be considered, especially if the strength in VXX continues through this afternoon. Suggested call would be Oct $50, currently trading at 4.25. (3) TSLA'S Sell of August 21st had been stopped out, but the stock failed to break through its overhead resistance line and has turned sharply lower. After the initial Sell, TSLA found support just above $300, which is a logical target if this downtrend is reasserting itself. The October $340 put, currently at 13.50 - 13.75 offers excellent, albeit speculative, profit potential. Note: Only VZ is a fresh system trade, while VXX and TSLA are re-entries of previously stopped trades. All three offer an opportunity to get short the market before waiting for the other models to follow suit. Conservative traders should only take the VZ trade (if it is triggered), then wait for AAPL, BABA, FB, and AMGN to follow. If they do, we are likely looking at a more serious market decline ahead.
