TheoTrade Daily: There Are Long Plays Out There

[Spotlight] Daily Video Newsletter Monday, August 5, 2024 The Ultimate Super-Trader’s Bundle Unlock a powerful arsenal of proven, powerful trading systems, Masterclasses, and tools worth more than $15,000… now available for less than $300. [This offer is going away soon…](=) ================================================ [The Yen Carry Trade Exploded… And Contagion Is Spreading to the U.S.](=) By Brandon Chapman Sunday night’s headlines were unsettling as an onlooker - you could watch the carnage erupt in big Asian markets like Korea and especially Japan, where the Nikkei just had its roughest session ever. So I knew even then it would only be a matter of hours before the carnage jumped back over the International Date Line and spread to U.S. and global markets. The VIX blew out to 65 pre-market and it initially looked as though we’d go “limit down” in Russell 2000 (RTY) and NASDAQ (NQ) futures. But, the selling abated and, wouldn’t you know it, the intra-day rally was on! You have to question the longevity of such moves, especially against the backdrop of the huge Treasury rally last week and the strengthening yen - that’s what’s signaling the unwind of the carry trade. Yes, today was a day to roll hedges, but the big question is: What about long opportunities? In my view, the selling in equities markets needs to catch up to the buying in volatility markets. [The fade toward the close seems to suggest exactly that - here’s what you need to know…](=) Right Now, the Smart Move Is to Wait By Gianni Di Poce Well, by now everyone has pretty much accepted that we’re in a risk-off market environment. The public is starting to panic, as the unwind of the carry trade in the Japanese yen triggers margin calls across the world. I raised a substantial amount of cash over the past couple of weeks, and even had members in chat take some long positions in the Japanese yen. Back in March and April, I did a Mastermind seminar here at TheoTrade where I dubbed 2024 as the biggest opportunity since 2020. The most important thing now is to not make any hasty decisions. [In the meantime, let’s review what we’ll want to see from a sector standpoint to signal that a low is near or completed…]( ================================================ Check Out This Free Trading Guide This is the perfect time to make sure you’re up to speed on your trading know-how. So I want to ensure you’ve read our free Rebel’s Guide to Trading Options - it covers all the basics of trading options. Like everything we do, the course is in plain English. It’s specially geared toward beginners but all traders will get something out of it. 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