If the next six weeks confirms our third wave at multiple degrees of trend scenario, these current Premium Trades are well situated for maximum leverage to the downside. Below, I'm adding one more sector bet to the this portfolio, it was mentioned in the past Weekend Update. Also, see VIX comments at bottom of the page for another VIX Buy Pending. Premium Service: Put Portfolio New Premium Service Pick XLF Jul 21st $33P (2.10-2.15) XLF Target by July expiration (78 days ) = < $25; XLF $33P Target = > 8.00 Stop 50% Trailing from best price (optional) XLF The Big Picture IWM has broken Key Support which raises the potential for a third wave down at multiple degrees of trend. I know, "been there, done that, but the 'market crash' never seems to happen." Hey, I'm just the messenger and message is that the patterns are lining up for something big to the downside. These breaks of key levels that are coming on the heels of Trend Model Sell Signals (red down arrows) are warnings, so especially if volatility picks up, take heed. IWM If a third wave is in progress all puts in our Premium and/or PRO portfolios are going to do well, including the new XLF put and the potential VIX call described below: VIX VIX Calls Pending On any close above 21.33 (today's high print), buy the VIX Jun 21st $25C (2.15-2.25)
