The EEM trade from just two days ago was summarily stopped out yesterday. We will be going back in on the short side below $50.00. Stay alert for further updates on a new trade. A myriad of global issues are snowballing out of control. The most vulnerability and therefore opportunity to profit will be coming from downside volatility. We will wait. Then there is TSLA. Here is a daily chart showing a trend model Buy Signal along with today's breakout above $670. As the chart illustrates, this trend model has been excellent over the past six months in catching the major trends early. Together with the breakout of the trendline this places the weight of the evidence clearly to the upside and only a collapse in global equity markets can dampen the short to intermediate term outlook. I like the Sept 17th $800C under $12 for an aggressive trade, otherwise, stick to the longer term 2022-2023 expirations.
