In Summary New highs in the market indices did one thing for this service, it generated massive gains in our Feb 10th Weekend Update Buy Signal in Bitcoin. Late Friday we sent out a new Buy Signal for Gold (GLD), using the same dual option expiration strategy as we did with Bitcoin/BITO, i.e., trader's choice. As for the stock market, without a follow through to the downside in the market averages, opportunities have been limited with some modest losses using trailing stops. TSLA finally generated a Buy Signal in both short and intermediate term models last week. However, without immediate follow-through this doesn't (yet) have the right "look" for third wave. Nonetheless, as long as $190 holds, we will give this up arrow time to unfold as the reward side of this particular option bet is huge. Bitcoin/BITO The run-up from the February Buy Signal is exactly what a third wave follow-through rally should look like. Bitcoin was up about 50% in two weeks going into the end of last month, generating as high as 500% wins in some of the recommended options. Mea culpa for my not liking this signal at the time, but I recommended BITO calls anyway. For what its worth, I don't like this TSLA action either, and still am recommending TSLA calls. Let's see if my gut feel can go 0 for 2. GLD - New Intermediate Term Buy Signal GLD triggered a new Buy Signal in its Intermediate Term Model at the close on Thursday. Before I could get a "Buy Pending" out, this signal was confirmed via a 2% rise on Friday. We are going out of the money and into April or Jun on this trade, as always, using a 50% trailing stop to protect positions. Aggressive Traders - April Calls June Calls The Big Picture - Stock Indices The Greed & Fear Index is back in the Extreme Greed zone, and the price action is topping across almost every measure and index. It's not a time to go long much of anything and in fact a time to monitor our signals and key levels for reasons to go short. Let the Bitcoin gains give some solace here, as when their time comes stock index puts, whenever the month turns out to be it, will more than compensate for the wait. Event risk is high, as is stretched out sentiment, cycles and a slew of non-confirmations. Everything that matters is screaming deep-dive ahead, at least everything except for the actual dive. Watch for it. QQQ Moving into next week the closest Key Level for QQQ is a break below 435.00. We will be monitoring closely for an sign that hard break is forthcoming at which time we will be recommending new positions. The Q's can drop 100 points in an event driven crash, or, can keep on truckin' higher, but the real payoff would be with the former, not the latter. Tesla (TSLA) This is the least confident Buy Signal I can remember for TSLA, and that is going back to 2019, maybe beyond. The lack of follow-through in upside momentum is concerning, but, it is countered by the abject bearish sentiment on the electric vehicle sector. Take a look at a chart of the EV sector recently published by EWI, a long time EV sector skeptic: Another way to interpret such a dire view is that TSLA is cleaning the clock of everyone else in the sector. Sign-up for a Cybertruck today and the estimated wait is about four years to delivery. That isn't a marker for stock collapsing much further than the 50% TSLA has already declined from its all time high. If the shares are going to new highs, our Buys will be on board for most if not all of that ride. If not, risk is limited by trailing stops, while we look to Bitcoin and stock indices for mega option rewards. TSLA - Longer Term Perspective The alternating red/blue arrows are the trading signals generated from our Intermediate Term Trading Model. Take-away is that no big moves occurs without a corresponding signal preceding it and for now, that latest signal is a Buy Signal on Feb 27th. Any close under $190 brings this signal into doubt. Recent Trades: Premium Service PRO Service
