I Sent You Amazon on Thursday and It Ran Monday

The market ripped on Monday, but I still won't chase it.

The bulls I've been calling stubborn for a month showed up and ran the whole tape, and my Amazon call from Thursday, the one I sent you with a target on it, took off with them. So I got paid on a day I didn't trust, which, listen, is a pretty good day.

Here's what I didn't do.

I didn't buy the index. Because a monster green day inside the same range we've been stuck in since May is not a breakout, it's a monster green day, and the Qs and the SPY still haven't taken out the high.

So below I'm going to show you how I made money on a market I don't believe in, and the one thing I check before I'll ever chase a green day.

Learn this one and days like today stop fooling you, in either direction.

Okay so, I've been on my high horse about this market for a while now.

We need to break out, we need to take out the high, the bulls are stubborn, it's strung out, all of it. And Monday the bulls showed up and ran it anyway. It's almost like they were listening to me and did the opposite on purpose.

Let me tell you what I've learned about the bulls. Do not debate them. Don't debate your wife, don't debate your girlfriend, and don't debate the bulls, because they will always be right, right up until the day they're not, and you don't get to pick the day.

You just acquiesce.

The market is made to fool the masses.

And the masses include very intelligent, sensible people. You're hearing a lot of reasonable information right now about why this thing should go down. Rates, valuations, the Fed, the whole list. It's not wrong. It's just not a trigger.

If you're an investor, that stuff matters and you should be cognizant of it. If you're a trader, day trader, swing trader, options trader, it does not matter. What matters is what price is doing, because price is what pays you, and price does not care what you read this morning.

So when I looked at the market Friday and thought disaster, and then I looked at Amazon and saw a stock that had come back to a spot where it gets bought and was getting bought again, those weren't in conflict.

One was my opinion, the other was a signal, and I ONLY trade the signal.

And that's the rule, guys.

Your opinion is never the trigger.

The chart is.

The reason I don't over-hype a bearish read, even when it looks like garbage, is that nothing has triggered it yet.

When I've gone loud on a selloff before, December, January, March, it's because the chart had already said so. Right now it hasn't.

Your homework this week is simple.

The Qs, that's QQQ, the Nasdaq fund, and the SPY, the S&P 500 fund, need to take out the high.

Watch whether they do. If they do, the read changes and I'll tell you. If they don't, this is still the same strung-out market it was on Friday, no matter how good Monday felt.

I trade what triggers, not what I think, every single day, live, and you can watch me do it for 30 days on me.

Rock On,

Voz

P.S. If you missed the Amazon video Thursday, it's still up, and now you can watch it knowing what happened next.