I’m actually on my way to New York City for a little get-a-way with my family, so I’m composing today’s rundown mid-day – if you missed the rundown from yesterday, click here to catch up.

Here’s what’s happened so far… (15 minute charts of the SPY)

YESTERDAY:

TODAY: (so far)

Now… just because we are retracing back doesn’t mean this market had the proper break it needed to take. I actually believe that we will probably have a little choppy period coming up ahead.

That doesn’t mean there won’t be trades to be made, it just means that if you’re a buyer of option premium, then beware

TWO MATHEMATICIANS WHO CRACKED THE MARKET

Over the last 8 years we’ve seen stock market declines of 16%… 18%… even 21%.

This strategy has never experienced a drawdown greater than 1.68%.

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The good news right now is that the $CPC (call-put ratio) has balanced back out and is right now at 0.99. A few days ago when it was well below the 0.85 “over bought” area I alerted traders it was time for some sort of correction – and with the Fed news already priced into the markets and the hawkish report, it set up a perfect chance for the playing field to level out again.

Now I promised you guys that I would share with you an update on my favorite picks… so here we go…

In markets like these I love sticking with sector trading. There’s technically 11 sectors in the S&P but I don’t really like to count XLC (Communications) because it’s so close to the XLK (Technology) sector… I had a knack that this market would take a spin down, and that’s why I decided to take a short position on the weakest sector in the market, XLE (Energy) sector:

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This is your morning wake up call.

I’ll show you the exact economic cycle pattern playing out now.

With all the chaos we’re experiencing, you do not want to miss it.

Click here to register for my upcoming training event.

I’ve also identified the sectors most likely to gain over then next 10-15 trading sessions… You can access them in my training by clicking here.

Those are my thoughts on the market – and I’ll get back to you with a fresh update on Monday!

Chat soon,

Roger Scott

URGENT UPDATE

Trump just announced 10% tariffs on China which SHOT the market. If you haven’t watched my urgent briefing on how to handle this market, watch it now.