Archive Category: Max Profit Alert Archive

Based on the price action exhibited by shares of Tesla Inc. (Nasdaq: TSLA), the “bear case” I laid out in early July is still valid. Let me show you… On July 26, I shared the TSLA chart below, highlighting the potential “head and shoulders” pattern it seemed to be forming at the time.

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I shared historical statistics describing “the typical bear market” at the end of June. Ironically or not, the market climbed higher from the end of June into mid-August. It gained around 18% … enough to pull a lot of bullish investors out of the woodwork. Even in August, I maintained that we should plan for a “longer and lower” bear market. I made my case in a publicly available YouTube video when I debated the market’s next direction with my friends over at True Options Masters.

In my alert, I mentioned that it’s too early to call a bottom. At least as trend-and-momentum traders, that is. I wrote in Wednesday Windfalls that I saw early signs of stocks “firming up” at around the mid-June lows. One reason is that about five stocks traded higher yesterday for every one that traded lower. (Aside: Tesla shares traded lower, sharply lower … but I’ll get to that in a minute).

Congratulations to all of you who followed my August 22 recommendation to make a bearish play on the Vanguard FTSE Europe ETF (NYSE: VGK). I love to hear your stories! So please write to me and let me know if you made the trade, at what price you entered, where you exited and how much you made. I saw more than 600 contracts trade for $7.20 or higher during the first three minutes of the day yesterday. With our recorded entry price of $3.60, we’ve taken a 100% profit on the first third of the trade! And I believe we’ll see even bigger profits ahead.