Why the Market is Headed Lower from Here

Why The Market Is Headed Lower Still

Dr. Thomas Carr

| November 1, 2016 5:56pm

In this short video, Dr. Carr offers his analysis of the S&P 500 following Tuesday's sharp selloff. He has detected a rare but very reliable bearish pattern that could see prices fall even further. We may see a short-lived bounce following Wednesday's FOMC announcement, but any rally is likely to get faded ahead of next week's election. And whichever way the election goes, there is a good chance the markets will react negatively after the news given all the uncertainty going forward.

CLICK HERE TO WATCH VIDEO ANALYSIS:


Here is your game plan for what may be a significant market pullback:

  • sell calls on your open longs
  • reduce holdings in any overextended stock
  • consider buy OTM puts on the major index ETF's
  • buy inverse ETF's on major indexes
  • buy a VIX ETF (VXX, UVXY, TVIX) or short XIV
  • put some money to work in Gold and Bonds
  • go long JPY:USD

Remember, this too shall pass! Blessings, TC

Dr. Thomas K. Carr (aka "Dr. Stoxx")

Founder, CEO of DrStoxx.com and IXTHYSLetter.com

http://www.drstoxx.com

Posted to Dr. Stoxx Options Letter on Nov 01, 2016 — 6:11 PM

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