See the patterns of how we had 7 for 7 closing GAINS on last week’s short credit trades (for a 4-week total of 43 of 46) in this Weekly Options Trader — VIDEO BELOW.
Last week we said, “The markets are short-term overbought with bearish sentiment and deteriorating breadth. The put call ratio is showing too much euphoria, which is a big warning sign to us.”
We warned in last week’s letter not to get complacent. That was great advice as the markets sold over 2% on the week over of the expanding threat of the coronavirus.
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