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what I do is I sell weekly/biweekly covered calls on TZA and get some money back if it goes lower or does not hit my target.

which ones? I have lots of positions in my account. IWM? Yes and I am also long TZA which is 3x short IWM.

I expect DOW to hit below 17000 by the end of next week. It will be very interesting.

In order to show that you are really something you should show : 1-at least 3 years of history 2- Have done many trades. Just having a position that skyrocketed is not accepted. You should show that you traded a lot and most of the time you were successful and how you handled the losing trades...

That is my firm belief that market and specially NASDAQ and specially semiconductor sector is in super bubble.

DOW is already in read YTD. S&P finished in red for march and is only 0.5% up YTD and it will be interesting how market will react in the coming days of the week. Market shows sign of exhaustion and there is no catalyst to push it higher.

S&P was down in January and was up in February and it seems that it will down in March (as of now). YTD is up about 1.5%

I believe Monday will be another big down day. After 4 days of down days, it seems improbable but I believe that will happen. Now is 6PM ET on Sunday and futures are up a about 0.2%.

You cannot short stocks in your IRA account. However you can buy or sell cash covered PUT in your IRA account.

You can always buy PUT and CALL and sell cash covered PUT in your IRA if have signed up to trade options in your IRA account.

What I will be looking in SPY is whether it hits 203.49 which was the low of March 11. SPY is now below its 50 day moving average. MACD also shows selling pressure as you see black line crosses the red line and is going down. You also see creation of a head and shoulder which if SPY goes below...

I agree but don't you think once market drops 30% and you panic, it is already late to sell?

Just one question. Then a 30% drop can also be considered noise in long term so why we are here when we know whatever happens in the long run will be filtered out as noise? Big financial institutions hire PhDs to write algorithms to juice out any possible dime from the market by trading those...

I believe DOW might go up about 40 points tomorrow and if I am right and market is up only 40 points , it is a weak signal and shows there are no committed buyers and market will sell the next day.

Yes I do because those who are in this site are active traders and what I meant was to go in cash and reduce their exposure into stocks. There is nothing wrong with that. The fact that DOW only tumbled 300 points today did not go to zero means that there are some buyers in the market for any...

Don't be shy, you can ask. Check out what I said 4 hours before market close when DOW was down 170 There will be a big rush to the cash register by the market close. DOW will drop 300 today. My prediction for AAPL was that it will close 124 by the Friday. MCD, IWM, ADI are big shorts. I also...

Many traders have gone long in the hope of a rebound by the end of the day. If that does not materialize, they will sell at loss as they don't want or cannot keep the position overnight which will lead to a big drop 15 minutes to close.

Semiconductor sector is in super bubble. INTL recently warned and market did not pay any attention. Specifically check ADI. It can easily go down to $52. Russel 2000 should crack soon. Hugely overvalued.

2066 is already broken

Volume is strong and selloff is powerful. This is just the start. S&P resistance threshold is broken. A good time to go in cash 50% in 401K, IRA and individual accounts.