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After riding the market higher TG is now putting on some short trades

Cory
April 20, 2021

TG Watkins, Director of Stocks at Simpler Trading and editor at the Profit Pilot website joins me to share the reasons why he is now putting on some short positions for the US markets. This also ties into the rotation toward safer assets. It’s all early stage but it could be the start of a more broad sentiment change.

Click here to visit the Profit Pilot website to follow along with what TG is trading.

Discussion
5 Comments
    Apr 20, 2021 20:16 PM

    I enjoy listening to this person. He’s got some good thoughts IMO. Personally, attempting to win on the short side with UVXY. Last two days have been going my way. Let’s see if it continues………

      Apr 20, 2021 20:40 PM

      Agreed SilverDollar. TG is an interesting technician.

      I also put on a few shorts today in (RWM) ProShares Short Russell2000 and (SQQQ) ProShares UltraPro Short QQQ – NASDAQ, just in case we see some further weakness in the US general indexes over the short-term (1-2 weeks).

    Apr 20, 2021 20:09 PM

    Copper closed at $4.20 on 4/20…. 😉

    Dr Copper has been smokin’ lately…

    Apr 20, 2021 20:58 PM

    Shorted the conventional market early this morning—-as mentioned before —–the long term charts are screaming caution for those markets.