My Favorite Short Idea

Good morning!

In today’s very important email, we’ll discuss:

• You better be ready, because this is the most important week of April

• SPY nearing BIG resistance

• One of my TOP short ideas - EXCLUSIVELY for you

• Oh, and a little family fun

Let’s dive in!

I truly hope you had a great Easter weekend with friends and family, because I sure did.

My family and I spent part of it combing through old photos, which is when we stumbled across this gem.

It’s a picture of me holding my younger son.

Fast forward about 17 years…

He is a Senior in high school now, and you probably heard that I am teaching him how to sell options right now. 

[FREE] You are invited to join us @ 8pm EST on Tuesday nights (that’s tonight!) to learn right along with us and pick up some new techniques and trade ideas as we are now ready to start making trades.

He has picked up the basics of option selling in just 4 sessions in Wall Street Bookie. 

4 hours in and he is ready to trade.  I am telling you – I feel confident that I can teach you, too, how to do this!

Like family photos, I hope that you’re keeping your trading experiences close at hand, either in the form of a written journal or Excel spreadsheet, because this is one of the best ways for you to learn from your successes and failures as a trader.

And this is one of those weeks you’re REALLY going to need that self assessment, because this will be THE busiest week of April in terms of key macroeconomic events.

Not only will we see the market’s string pullers (members of the FOMC) come out and try to talk the market in the direction they think better reflects their views on the economy and inflation, but we also get (are you ready for this?):

• CPI Inflation data

• Minutes from the last FOMC meeting

• Retail Sales data 

When I tell you that the potential for volatility simply does not get any higher than this when it comes to KNOWN market events, I am not kidding.

It’s weeks like this, when sector rotation plays are going to be popping up ALL OVER the place because of the heightened volatility, that you are going to want access to an endless supply of trade ideas that have been carefully selected by a professional trader with 20+ years of experience, like Uncle Jeff.

Now, you’ve already seen what my weekly Bullseye Pick of the Week did last week:

And just because I appreciate your loyalty, I am about to share one of my favorite trades that is still developing, which means it’s not too late for you to participate.

So, what is it?

Well, if you haven’t noticed, stocks have continued to trend higher in recent weeks.

But at the same time, the buying has slowed as major indices come up against MAJOR resistance.

Below is an updated chart of SPY that I showed you earlier last week, when I first warned that my CUSTOM Keltner study was suggesting SPY had gone too far, too fast and needed to start pausing.

While SPY may very well continue to press higher in the coming days, the rate of that increase should begin to slow, which means there will be COUNTLESS short opportunities developing in stocks everywhere. 

Don’t get me wrong, I am not saying that stocks are getting ready to collapse.

Rather, I am trying to let you know that when the market is nearing critical sticking points like it is now, this is where years of experience in identifying sector rotation beneath the surface comes into play.

Folks, this is when non-stop “pumpathon” cheerleaders like Jim Cramer are getting poor unsuspecting retail traders like you into trades at the exact wrong time.

That’s why you need a guru like me, who has ZERO ties to the interests of corporate America, to steer you in the right direction.

And one of my favorite trade ideas that I have been talking to members of my Bullseye Unlimited service about is a short play in AirBnB (ABNB).

I put this trade idea on their radars last week since I am looking for it to be yet ANOTHER 100% ROCKET mover that’s part of the 100X100 GUARANTEE and I’ve been KILLING it since I started this just a short time ago.

🚀 Join Rocket Trades Now 🚀

So, what am I looking at in ABNB?

Airbnb had a surprise beat on earnings in February and after an initial reaction higher, it has trended lower ever since.  

In fact, it is lower now than before earnings. That’s not a strong sign, strong stocks don’t usually give back all of their earnings gains but instead consolidate higher. 

I’m once again bearish ABNB and think that it could continue much lower.  I don’t know where exactly, but I think it would be hard not to break below the important $100 level at this point.

I think there could be a bunch of people over leveraged on ABNB apartments just like we’ve seen with banks last month that could get caught out with rate rises. 

Newly renewed talk of a recession, if it were to occur, would not be great for ABNB’s business.

As this daily chart of ABNB shows, the stock now trades below both its 50-day moving averages, as the Signal Line of the MACD momentum indicator is starting to break below the midline.

While ABNB bounced with the market on Monday, I think this will set the stage for the next BIG short entry opportunity and MUCH better prices on the Apr 21st $106 puts.

And all this week I’ll be updating my Bullseye Unlimited members on how to manage a Put option trade using the heavily congested $115 to $120 area as leverage.

The KEY to succeeding in this business is to actually EMPOWER YOURSELF with the knowledge of how to take professionally curated trade ideas LIKE MINE then manage those positions along the way.

And it’s weeks like the one we are about to witness where the most practice gets done under some of the most volatile conditions possible.

It’s all about muscle memory…placing as many SMART trades as possible and watching first-hand how an expert trader works along with you in REAL TIME.

I'm always striving to provide the best service for members, and thousands of my Bullseye Unlimited members will be even more prepared for each and every trading month. 

There's never been a better time to join! Here's what my students are saying:

On top of all of this, you'll have complete access to:

• Weekly Bullseye Trade & LIVE Update

• My Top 3 Targets & Gameplan Email Each Day

• The LIVE SHOOTING GALLERY Trading Room

• Complete Collection of Options Video Training

• Monthly LIVE Bullseye State of the Union

• “100x100” 12-Month Promise

You'll have my 3 best trade ideas delivered to your inbox daily! 

Check out a couple of recent Bullseye Unlimited examples:

To start, there was this recent EXPLOSION in CVNA calls a few weeks ago.

Or the huge move in URI Calls I shared with everyone before it happened!

Not every trade is going to work out this well. But I'm super CONFIDENT in my ability to deliver plenty of great trade setups, and as a Bullseye Unlimited subscriber, you will see 100 trade ideas that are up 100% or more over the next 12 months!

Inaugural member pricing will expire in just a few days. 

Don’t miss out on the best opportunity to join me on what is going to be an amazing journey this year!  

P.S.  If you have any questions about Bullseye Unlimited, call Jeff Brown @ 800-585-4488 or ([email protected]), and he would be happy to talk about any special offers, payment plans, and help you in any way possible.

To YOUR Success!!!

Questions or concerns about our products? Email [email protected]  © Copyright 2022, RagingBull