Making money when the market goes down.

There are many inverse ETF’s available to buy when the market goes down.  The value goes up.

Let’s take a look at the SPXU which is an Ultra pro short Electronically traded Fund based on the inverse of the S&P500.  Here is a chart.

As you can see on the previous down days the SPXU moved up. When we were on the market highs the SPXU was at $60 to $61 range. We then gapped up through the market resistance and drove higher to $65.98 .

There are many opportunities in the market to make money when the market begins to fall.  Remember some of the biggest profits are made in a falling market.

As the market went down the value of this ETF went up.  This type of strong parapolic move in the hourly chart shows there could be a continuation to the next area of resistance.

Here are some things to watch out for this week:

• Monday: New Home Sales @ 10:00am
• Tuesday: Core DurableGoods @ 8:30am, S&P/CS Composite @ 9:00am, CB Consumer Confidence @ 10:00am
• Wednesday: Crude Oil Inventories @ 10:30am, FOMC Statement @ 2:00pm
• Thursday: Advance GDP & Unemployment Claims @ 8:30am, Pending Home Sales @ 10:00am
• Friday: PCE Price Index & Personal Spending @ 8:30am, Chicago PMI @ 9:45, Revised UoM Consumer Sentiment @ 9:55am  

Remember playing the news is very risky.  Trading alone is very difficult and joining a group of traders that have the same training, understanding of the markets direction and the ability to speak the same trading language creates collaboration.  Join us for a 3 day training.