MakisSwingTrader: April 2017

Friday, April 28, 2017

SPX WEEKEND REVIEW

Check back on Sunday at 11:30am ET for update.

SPX-MONTHLY III

SPX-MONTHLY II

SPX-MONTHLY I

SPX-WEEKLY II

SPX-WEEKLY I

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPY-15MIN

Tuesday, April 25, 2017

While the market jumped up yesterday and today, I continue to hold to the fact that a major move lower is going to take place shortly due to technical and geopolitical reasons. I don't remember a time whereby there have been this many uncertainties both at home and abroad. The most notable and significant of them all is the tension at the Korean Peninsula. With the tension at the Korean Peninsula I am not comfortable making bullish trades even intraday because at any moment war will start since diplomacy has failed. It doesn't help that both Trump and Kim Jong-Un are refusing to back down. Instead both are ratcheting up the rhetoric and making the drumbeats of war even louder. So unless this tension subsides, I want nothing to do with bullish plays because I don't want to be caught on the wrong side of the trade because it is going to be very painful.

Note that I'm talking about news not technicals. I don't trade news but I cannot ignore this elephant in the room and is also screaming to be noticed. So this time around I decided to buy Put options to position myself for a potential stock market collapse that might take place any moment from now. When it starts, just the fear of nuclear war or WWIII is enough to push the market even lower even if things don't get to that level.

Here is another reason for me to be bearish. I want you to take a look at this YouTube prophetic video posted in June 2010 by someone whose ministry I followed over the years: Click here - War coming to South Korea.

SPX-DAILY II