UVXY was the place to be over the past few days. A few weeks ago on Twitter (@investmentmob), I predicted Dow 26500 as my call for a Market breakdown. Needless to say, I was right(patting myself on the shoulder). I would not be buying in this shaken market until I see a turnaround. It’s tough to call a bottom at these levels, but I’m going to do it anyway. I’m saying the Market is heading to down to Dow 24900 before we see a turn upward. If the market breaks down at Dow 24900...Houston, we have a problem.

China plays a “Yuuuge” part in the equation. If a deal is struck between the USA and China in the Trade War of 2019, we could see a sharp rebound of the aforementioned markets. Don’t trade emotionally and play this one long term.

Hope you enjoyed my take,

Jeff from InvestmentMob