I closed two big winners this morning.
My SPY 744 puts came off for 188%, up $7,920.
My SQQQ calls came off for 121%, up $5,259.
Both went on yesterday, before the chips got smoked overnight and the Nasdaq dropped almost 2%.
While financial TV scrambled to explain the red this morning, honey, I was taking the money.
Let me show you how I knew yesterday.
For weeks we had a clean channel running straight up. People participating, people buying, real movement. That is momentum in Voz language, and it was strong.
Then the channel broke, and look how fiercely it sold off. Now, a break like that does not mean the move is dead. The bulls can grab that same force and whip you right back to the highs.
So I did nothing.
You do not short into force, my friends. Don't fight with bulls. Don't fight with your mother-in-law.
And do not, I repeat, do NOT fight with humidity if you have frizzy hair. Nobody wins. When it first broke down, getting cute would have gotten me run right over.
Then last Wednesday told me everything.
I was so sure that once we cleared the Fed, the market was going to take off. And I will just tell you, I was about 70% wrong. It did not rip and it did not crash.
It just stopped. Flat, sitting there doing nothing. And the rip not showing up was the tell, guys. The participation got wilted and tired, right there at that last arrow on my chart. That is early onset momentum leak, and it is the one time you are allowed to get bold to the downside.
So I got bold.
This morning everybody else woke up to a scary red screen. I woke up to two closed winners. And here is the part I really want you to sit with, because it is about to happen right in front of you.
The market dips, your gut starts screaming that it is cheap, and you reflexively grab for the bottom. That is the big loud left turn, my friends. Everybody takes it. What clever people do is wait, stay honest, and only move when the tape actually shows its hand.
That is the whole game.
The SPY puts came from my Game Plan, where I send a Call Zone and a Put Zone before the open and we only trade the one the market walks into.
The SQQQ came from Wiretap, the room Mark and I built to follow a billion-dollar hedge fund and mirror their moves.
Two trades that could have paid for the rooms in one day, and some people are still wondering if they’re worth it.
Rock On,
Voz
P.S. Nobody is buying cans of beans here. This is not the apocalypse, it is a little mini dip with the air coming out of it. The whole trick was sitting on my hands when the channel first cracked and waiting for tired to show up. That patience is the entire job, and I will show you how to do it every single day.