Money Link Trade Update:
Hey guys,
U.S. markets are down big this morning — about 2.5% as I type this — and volatility is spiking.
Days like today aren't common, but they also aren't unforeseen. They are a reminder of why you always want to have some exposure to the short side, which reduces some of the market risk we're seeing right now.
That being said, markets are in fear mode and acting irrationally. I want to make sure we keep both legs of our Money Links on while things settle down.
So for now, I'm eliminating stops on our open positions.
Enjoy the long weekend, and I'll get into greater details about what's going on in the market early next week.
LFG!!!
Jeff Zananiri
Joy of the Trade