Not much happening in the markets as investors wait with baited breath for the Fed’s big CPI (Consumer Price Index) report to come out tomorrow…
But the S&P has traded up to a very interesting level — 4130 — which is the “point of control” over the last 30, 90 and 180 days.
Yet, it’s important not to forget that we’re still in a bear market. And margin calls will come, which will force leveraged players to sell other assets…
► And that gives us a very interesting way to go short — via ticker COIN — on an asset that’s set to decline.
For details on how to play it, subscribe to The Daily Pick right here.
The Daily Pick is Don’s daily alert service, where for just a few dollars a month, he gives you a pick every trading day, complete with triggers, stop loss and profit targets.
ABOUT DON’S DAILY BRIEF:
Every market day, Don Yocham scans thousands of potential stocks, whittling down the list to just a handful that could be setting up to make BIG moves.
The top idea from his daily scan ends up here.
For specific trade instructions, including triggers and stop loss levels, take a look at The Daily Pick, where for just a few dollars a month, you’ll get full trade instructions on Don’s top idea each day.
