(1) From Jan 6 PRO Alert: SQQQ Feb 17th $60C "Any SQQQ trade above 58.30, this past week's high, will be the trigger to go long these calls, currently trading at bid 4.30 ask 4.40. No need to chase. This is a highly leveraged bet on a sharp decline in QQQ over the next six weeks. Minimum targets are mid-$80's on SQQQ and mid-$20's on the calls." (2) From yesterday afternoon's IWM Down 20%+ By Mid-March (Premium Update) IWM Mar 17th $170P "I purchased the IWM March 17th $170P [Tues AM @ 3.95-4.00] today in my personal trading account and am placing the same trade in the Blue Line Premium Option Portfolio. Here is the reasoning and expectations." All PRO Subscribers should be looking to enter one or both of these trades. SQQQ bounced off of its 50% Fib retracement yesterday's at mid-day reversal - a Buy Signal targeting $100. The SQQQ Feb 17th $60C [trading early Tuesday at 3.00-3.15] is the more aggressive of the two trades- that's why it's in the PRO Service. I'm in them both and intend to make 10X on each position...and then some. SQQQ - bouncing up off of a 50% Fib retracement - targeting triple digits. Buy now or wait for break above $58 IWM - Wave 3 down at multiple degrees of trend: Look for key breakdown < 175 As a Wave 3 down at multiple degrees of trend is confirmed there will be more trades coming. Monitoring some individual stocks, HD among them. Quote of the Day, Week, Month, Year "Second wave retracements toy with your convictions, testing confidence levels in one’s market opinion. It shakes weak hands out of the market just before the main trend resumes, which in this case is down." EWI 1.09.23
