The other day I showed everyone just how on-edge the markets really are. It’s very dicey, at least for buy-and-hold bulls. (For us, it’s dynamite; we made 254% on our SPX butterfly)
Now, after the NASDAQ tanked yesterday, you might be thinking, “Hey, we’ve had a selloff. The worst is over. That’s the bottom.”
And you’d be dead wrong.
We’re not at the bottom at all - there’s plenty of volatility ahead. In fact, as I’ll show you in a second, you should be selling the living daylights out of bounces. They’re just not buyable.
Bonds are showing major defensive activity, too; the smart money is hunkering down.
Without correlation, there is no capitulation! Get that tattooed somewhere and keep it in mind.
Meanwhile, we’ll look at what’s really happening and where the real opportunities are…