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Don't let the DOW Fool You —It's Suckering In Weak Hands

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atptraders.com

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Wed, Nov 9, 2022 03:11 PM

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No matter how the election goes… there's ONE THING you need to watch. - Don't let the DOW fool

No matter how the election goes… there's ONE THING you need to watch. [image] Election Shockwave 2022: Join These Pros LIVE Roger Scott • Garrett {NAME} • Jack Carter • Jeffry TurnmireDon Yocham • Andrew Bustamante • Fausto Pugliese Find out How They Plan To Trade The Post-Election Shockwave![► Click Here To Join The LIVE Room ◄]( [image] [image]( - Don't let the DOW fool you. It's suckering in weak hands! - Top two stocks I'm watching right now… - Weakest stock to short right now… - How to gauge current trading action and what's next…? [Click Here To Watch Now!]( [image] Today’s pivot on the ES (S&P 500 futures) is 3830. My support is 3780 and resistance at 3875. Folks, here is my take. I told you uncertainty would start appearing in the market but I did not see the poor showing by the Republicans. The real take is we must live with it, move forward, and follow the numbers. Two stocks I’m looking to short: DIS and TSLA During this time of year, you would expect the market to catch a bid, but last night’s results tell me that maybe this country hasn’t seen enough and the market is in for tough times ahead. Watch [today's TBUZ TV episode here.]() [Click to get today's Pre-Market Planner Numbers here.](=) ~ TBUZ [image] [image] Here’s what the markets think about the election so far. Notice we remain in the important range I pointed out last week (long narrow box). I mentioned the market looks to head to 3945 before a significant pullback — It made it within 20 points when it traded at 3924.25 as noted. This outside range of 3924 to the noted low of 3707 is now equally important as we navigate election results … and CPI. Is a Bear Trap going to Snap? Find out Where 7 Pros With Two Centuries Of Combined Experience Are Putting Their Money… [Live RIGHT NOW —► Join me here as soon as you can!](=) It's an extravaganza, as we start at 9:30 AM Eastern and go clear through until 1pm Eastern. [image] [image]() Yesterday, Americans went to the polls to defend democracy, no matter how you vote. But democracy doesn’t mean what you think it means. It’s a process, not a destination. And that destination depends heavily on the conditions under which the process is applied. It doesn’t necessarily deliver one political state or another. It can yield socialism, fascism, communism, or any other ‘ism. And for a while in this country, it yielded a reasonable degree of individual freedom. Without severe constraints, democracy provides just another route to tyranny. And, to me, the fault lies in democracy’s “Original Sin.” But perhaps you’re not here for political ontology. You’re here to trade and make money. You want to ride the chaos wave to profit, not hunker down in a metaphysical bunker. Well, in that we agree. Theoretical seeds cast upon the ground will fall only among thorns unless you take care of today first. So, I’ll save the philosophy for another day and go straight to [how I think the election will impact markets. (click to continue reading)]() [image] Kind words from our best students: "Closing 1/2 my position on SDS. >$1 move just paid for a year's picks in about 45 minutes!" — John K., a premium subscriber to Don Yocham's [The Daily Pick]() RISK DISCLAIMER There is a very high degree of risk involved in trading. InvestPub and all individuals affiliated with this site assume no responsibility for your trading results. The indicators, strategies, columns, and all other features are for educational purposes only and should not be construed as advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. [Unsubscribe]( DTI Trader 1555 University Blvd S Mobile, Alabama 36609 United States (251) 652-1555

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