Special Father's Day Note to Everyone
On most Sunday's I usually post a excerpted version of the Blue Line Trading System, Weekend Update, to this free All-Allan Blog. It is the only real marketing I do to generate new subscriptions. However, this Sunday, as a Father's Day gift to all, I am posting the entire unedited version of what all subscribers got on Saturday, just delayed by one day. In addition, during the week PRO Subscribers get almost daily updates on trades, while Premium Subscribers get at a minimum a mid-week Update, with additional updates on days new trades get triggered. As always, new subscribers can try the service for half off first month by using this discount code when signing up to either Premium or PRO Services: GOPRO@50%.
Best Father's Day Wishes To All,
Allan
Weekend Update: A Tale of Two Markets
Note on these first two Nasdaq charts below how this index is soaring to new highs day after day:
NDX
QQQ
Key Level - a break below which its likely a significant collapse will ensue.
Now, let's take a look at some of the prominent shorts taken in this service over the past few weeks, SQ (Premium Service), IWM (Premium Service ) and TGT (Pro Service):
SQ
IWM
TGT
SQ belongs in a sector, the financials, that is showing signs of breaking down across the board. TGT is from the consumer retail which is itself going through its own little bear market. The deterioration in structure in the financial stocks is still early, meaning it can be a false alarm, or just as easily be a precursor of much more downside to come. If the latter, we will know soon enough. Here are some prominent financial sector charts:
